Tata Steel has released its results for the quarter ending December 2024 (Q3FY25). Profit may have fallen 43% to ₹295 crore, but sales grabbed everyone’s attention. The company’s profit in the same quarter last year was ₹522 crore. The company’s total income declined by 3% to ₹53,648 crore from ₹55,312 crore last year. Analysts had predicted income of ₹52,846 crore and loss of ₹371 crore, but Tata Steel avoided losses and posted a profit of ₹295 crore.
Tata Steel delivered 5.29 million tonnes in the Indian market this quarter, which is 8% more than last year and 4% more than the previous quarter (July-September). The company says that domestic demand remained strong and strategic work in exports was done, which boosted sales.
On January 27, Tata Steel shares closed 2.5% lower at ₹126.55.