India’s Tata Steel Limited has posted a consolidated net profit of INR 3.26 billion ($37.77 million) in the third quarter (October-December) of the fiscal year 2024-25, a decline of 36.37 percent year on year, according to a company statement on Tuesday, January 28.
The company reported a total consolidated revenue of INR 536.48 billion ($6.20 billion) for the given quarter, a fall of three percent year on year.
“The global operating landscape continues to be shaped by geopolitics and the continued economic slowdown in key regions. Steel exports from China, which averaged 9 million mt per month in 2024, have dampened steel prices globally, including in India,” Tata Steel Limited CEO T. V. Narendran said.
However, he added that growth in deliveries in India and focus on operational efficiency helped the improve the performance of EBITDA (earnings before interest, taxes, depreciation and amortization).
