Tata Steel announced the quarter results on December 27, 2024. During this time the company’s net profit was Rs 295.5 crore. In the poll estimates of CNBC TV18, the company was expected to lose Rs 550 crore. However, Tata Steel’s net profit was 43.4 % less than Rs 522 crore in the same quarter of the last financial year.
The company’s exceptional loss in the respective period was Rs 126.2 crore, while the figure was Rs 334.13 crore in the same period a year ago. During this period, the company’s optional revenue was Rs 53,648.3 crore, while it was estimated to be Rs 52,550 crore in poll estimates. The company’s revenue fell by 3 % to Rs 53,648.3 crore on an annual basis, compared to Rs 55,312 crore in the same period a year ago.
In the December 2024 quarter, the company’s EBITDA was Rs 5,900.6 crore, which was more than an estimate of Rs 4,700 crore. However, on an annual basis, Ebitda fell 5.8 % to Rs 6,264 crore, indicating pressure on the cost. The Ebitda margin remained stable at 11 %, slightly lower than the 11.3 % figure of a year ago. This margin was estimated to be 8.9 % in Moneycontrol’s poll estimates.
Tata Steel’s stock in Bombay Stock closed at Rs 126.40 with a fall of nearly 3 %. The company’s results were announced after the stock market was closed.
