TATA STEEL Balance Sheet Analysis The company's current liabilities during FY22 stood at Rs 53664.83 crore as compared to 30,067.60 crore in FY21, thereby witnessing an increase of 78.48%. Total non current liabilities down at Rs 42,887.63 crore as compared to Rs 55,238.21 crore during FY21, a fall of 22.36% Current assets rose 6.88% and stood at Rs 31,289.57, while non current assets rose 26.11% and stood at Rs 1,90,696.65 crore in FY22. Overall, the total assets and liabilities for FY22 stood at Rs 2,21,986.22 crore as against Rs 1,80,490.93 crore during FY21, thereby witnessing a growth of 22.99%. TATA STEEL Income Statement Analysis Total Operating income during the year rose 53.35% on a year-on-year (YoY) basis. The company's sales increased by 54.15% YoY The company’s expenses increased by 28.54% YoY Depreciation charges decreased by 0.10% and finance costs decreased by 38.51% YoY, respectively. Other income increased by 92.29% YoY. Net profit for the year grew by 93.30% YoY.