Indian steelmaker Tata Steel limited achieved a consolidated net profit of INR 26.89 billion ($296.87 million) in the third quarter (October-December) of fiscal year 2025-26, an increase of 723 percent over the corresponding quarter of the previous fiscal year, according to a company statement on Monday, February 9.
The company's overall revenue rose 6% in year-on-year to INR 566.46 billion ($622.99 million).
The company said its profit margin increased to 4.79 percent in the third quarter from 0.55 percent in the corresponding quarter of 2024-25.
Production and sales from its India operations were higher by 12 percent and 14 percent, respectively, and for the first time, total sales exceeded the 6 million tonne mark at 6.04 million tonne.
“We continued to strengthen our market leadership in selected segments, supported by capacity expansion and a focused refining strategy. Automotive volumes grew by 20 percent, while our retail vertical gained momentum,” TV Narendran, CEO, Tata Steel limited, said in a statement.
