What was Tata Steel's net profit in the December quarter?

Tata Steel reported a net profit of ₹2,730 crore for the December quarter.

How did Tata Steel's revenue perform in the December quarter?

Revenue for the quarter reached ₹57,002 crore, showing a 6.3% year-on-year growth.

What was the EBITDA performance for Tata Steel in Q3?

EBITDA climbed 38.9% to ₹8,199 crore, with the EBITDA margin expanding to 14.4%.

Home / Business and Economy / Tata Steel Profit Soars Past Expectations

Tata Steel Profit Soars Past Expectations

6 Feb

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Summary

Net profit reached ₹2,730 crore, exceeding estimates.
Revenue grew 6.3% year-on-year to ₹57,002 crore.
EBITDA surged 38.9% to ₹8,199 crore with margin expansion.

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.

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