Tata Steel Q4 net profit more than doubles to ₹1,301 crore

 


Tata Steel Ltd. has posted a more than two-fold in-crease in Q4 consolidated net profit to ₹1,301 crore from ₹611 crore in the year-earlier period.The company's revenue from operations during the period declined 5% year-on-year (YoY) to ₹55,707 crore. For FY25, the company registered a net profit of 3,421 crore compared with a net loss of ₹4,437 crore in the previous year. Revenue from opera-tions declined 5% to 2,16,840 crore. The Board T.V. Narendran of Directors recommended a dividend of ₹3.60 per or-dinary (equity) share of face value of ₹1 each. "FY2025 has been an important transition year for Tata Steel with signifi-cant developments across operating geographies," said managing director and chief executive officer T.V. Narendran. "We commissioned In-dia's largest blast furnace at Kalinganagar, safely de-commissioned two blast furnaces in the U.K., and achieved production levels near rated capacity in The Netherlands," he said. "India deliveries were best ever at about 21 mil-lion tonnes and were up 5% YoY aided by a smooth ramp up of the new blast furnace at Kalinganagar and capacity utilisation close to 100% at the re-maining operations," Mr. Narendran added.

Comments

Popular posts from this blog

GPL REVIEW

Book review for May

India trade deal soon, says Trump