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 the fiscal year 2025-26, a rise of 723 percent over the corresponding quarter of the previous fiscal year, according to a company statement on Monday, February 9.
The company’s total revenues were up six percent year on year to INR 566.46 billion ($622.99 million).
The company stated that its profit margins improved to 4.79 percent during the third quarter, up from 0.55 percent in the corresponding quarter of 2024-25.
Production and sales from its operations in India were higher by 12 percent and 14 percent, respectively, and for the first time total sales exceeded the 6 million mt mark at 6.04 million mt.
“We continued to strengthen our market leadership across chosen segments, supported by capacity expansion and a focused downstream strategy. Automotive volumes grew 20 percent, while our retail vertical gained further momentum,” TV Narendran, CEO of Tata Steel Limited, said in the statement.