Tata Steel Profit Soars Past Expectations

Tata Steel delivered a strong financial performance in the December quarter, with its net profit significantly exceeding analyst expectations. The company reported a net profit of ₹2,730 crore, a substantial increase from ₹295 crore in the same quarter last year. This profitability surpassed the Street's poll estimate of ₹2,389 crore.

Revenue for the quarter stood at ₹57,002 crore, marking a 6.3% year-on-year growth from ₹53,648 crore, though it was marginally below the projected ₹58,957 crore. The operational performance was a highlight, with EBITDA rising to ₹8,199 crore, beating the estimate of ₹7,999 crore. EBITDA margin also expanded to 14.4% from 11% in the prior year's corresponding quarter.