Tata Steel today reported a 43.4 per cent decline in consolidated net profit to Rs 295.49 crore for the quarter ended on December 31, 2024, due to lower income.
The company had posted a consolidated net profit of Rs 522.14 crore in the year-ago period.
The consolidated income declined to Rs 53,869.33 crore in the October-December period from Rs 55,539.77 crore in the corresponding quarter of the previous fiscal, according to an exchange filing by Tata Steel.
Total expenses of Tata Steel dropped to Rs 52,118.09 crore over 53,351.13 in the year-ago period.
The steel major had earlier said that its India crude steel production grew by 6 per cent to 5.68 million tonnes (MT) in the third quarter of the current fiscal compared to 5.35 MT in the corresponding quarter of the previous fiscal.