Tata Steel reported a sharp improvement in its financial performance for the third quarter, posting a strong year-on-year recovery in profitability supported by higher operating earnings and margin expansion.
For the quarter under review, Tata Steel’s net profit stood at ₹2,730 crore, marking a significant jump compared to ₹295 crore in the corresponding quarter last year. The sharp rise in profit reflects improved operating efficiency and a favourable earnings base compared to the previous year.
Revenue from operations increased by 6.3% year-on-year to ₹57,002 crore, compared with ₹53,648 crore in the same quarter last year. The steady growth in topline indicates stable demand conditions and better realisations during the quarter.
Operating performance saw a notable improvement, with EBITDA rising 38.9% year-on-year to ₹8,199 crore from ₹5,903 crore in Q3 of the previous year. The strong growth in EBITDA highlights better cost control and improved operating leverage.
EBITDA margin expanded to 14.4% during the quarter, compared with 11% in the year-ago period, reflecting enhanced profitability despite moderate revenue growth.
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