Tata Steel Ltd. reported a fall in the net profit for the quarter ended Dec. 31, according to the financial results declared by the steelmaker on Monday.
The steel manufacturer's profit fell 36% in the third quarter to Rs 327 crore. In the year-ago period, Tata Steel had posted a profit of Rs 513 crore. The company's profit in the quarter under review beat the Rs 300-crore-loss estimate of analysts polled by Bloomberg.
Tata Steel Q3 FY25 Highlights (Consolidated, YoY)
Revenue down 3% to Rs 53,648 crore versus Rs 55,312 crore (Bloomberg Estimate: Rs 52,438 crore)
Ebitda down 5.7% to Rs 5,903 crore versus Rs 6,264 crore (Bloomberg Estimate: Rs 4,741.90 crore)
Margins at 11% vs 11.3% (Bloomberg Estimate: 9%)
Net profit down 36.4% to Rs 327 crore versus Rs 513 crore (Bloomberg Estimate: Rs 300 crore loss)
(This is a developing story)
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