Maharashtra clears 937 hectares for Gadchiroli steel expansion Steel stock surges 29% in just two days Steel output rises 14% to 9.25 MT Infrastructure boom fuels India’s steel consumption
Tata Steel’s Q4 net profit up 117% YoY.
Domestic profits declined on weak prices.
₹3.60 per share dividend announced.
Tata Steel reported a 117% year-on-year increase in consolidated net profit for the fourth quarter of FY2024-25, reaching ₹1,200.88 crore, up from ₹554.56 crore in the same period last year. This surge was primarily driven by reduced input costs, particularly in coking coal and iron ore, along with higher sales volumes.
Despite the consolidated profit growth, the company's domestic operations faced headwinds. Standalone revenue and profit declined due to tepid steel prices in the Indian market, which offset the benefits of increased volumes.
Overall, Tata Steel's revenue from operations for the quarter stood at ₹56,218.11 crore, marking a 4.2% decline from ₹58,687.31 crore in the corresponding quarter of the previous fiscal year. The company also declared a dividend of ₹3.60 per share for FY2024-25.
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