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Q4 Results: Tata Steel Beats Estimates As Record Output Offsets Subdued Prices

Tata Steel’s domestic steel output rose to a record last fiscal due to acquisitions and capacity ramp-up.

BQ Desk
An employee scarfs a steel slab during production at the NLMK Indiana facility in Portage, Indiana, U.S. (Photographer: Daniel Acker/Bloomberg)  

Tata Steel Ltd.’s profit in the January-March quarter beat analyst estimates after its domestic steel output rose to a record last fiscal due to acquisitions and capacity ramp-up.

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