Consolidated net sales were Rs 33,867.32 cr for the given quarter as against Rs 32,507.45 cr last year

Due to lower steel prices and higher raw material costs, coupled with the poor performance of its Europe division, Tata Steel reported a consolidated (including Tata Steel Europe Ltd, formerly Corus) net loss of Rs 363.9 crore for the second quarter (July-September). The company had posted a net profit of Rs 212 crore for the corresponding period of last year.