Tata Steel reported a consolidated net profit of Rs.522.14 crore in Q3, rebounding from a net loss of Rs.2,501.95 crore in the same period last year. Consolidated revenue fell 3 percent to Rs.55,311.9 crore on-year. The company's net debt is Rs.77,405 crore, with strong liquidity at Rs.23,349 crore. India revenues remained stable at Rs.35,011 crore, supported by consistent growth in deliveries. Crude steel production in India rose to 5.35 MT, contributing to the best-ever Q3 sales of 4.88 MT. The company incurred Rs.4,715 crore in capital expenditure during the quarter and Rs.13,357 crore between April and December. For more watch this interview with Moneycontrol's Rachita Prasad and Tata Steel's MD & CEO TV Narendran.
first published: Jan 25, 2024 03:14 pm
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