Mumbai: Tata Steel reported strong results for the December quarter. The company posted a net profit of Rs 2,730 crore, which was much higher than the Rs 295 crore reported in the same quarter last year.
The profit was also higher than the market estimate of Rs 2,389 crore, showing strong business performance during the quarter.
Revenue Growth But Slightly Below Estimates
The company reported revenue of Rs 57,002 crore for the quarter. This was slightly lower than the market expectation of Rs 58,957 crore.
However, revenue still grew 6.3% year-on-year, rising from Rs 53,648 crore last year. The growth shows stable demand and steady sales performance across key markets.
Strong Operating Performance
Tata Steel reported strong operating numbers during the quarter. EBITDA rose to Rs 8,199 crore, which was higher than the estimate of Rs 7,999 crore.
On a yearly basis, EBITDA increased 38.9%, rising from Rs 5,903 crore last year. This shows strong cost control and better operational efficiency.
Margins Improve Significantly
The company’s EBITDA margin improved to 14.4%, compared to 11% in the same quarter last year. This was also higher than the market expectation of 13.6%.
Better margins show that the company managed raw material costs and production efficiency well.
Overall Performance Outlook
The Q3 performance shows strong recovery in profitability and operating strength. Even though revenue missed estimates slightly, strong profit growth and better margins indicate improving business health.
The results show Tata Steel is benefiting from better pricing, cost control and stable demand conditions in key markets.
