Tata Steel Q4 net profit more than doubles to ₹1,301 crore
The Hindu
Tata Steel Ltd. reports significant profit growth, strategic investments, and operational achievements in FY2025.
Tata Steel Ltd. has posted a more than two-fold increase 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% 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 operations dropped 5% to ₹2,16,840 crore.
The Board of Directors recommended a dividend of ₹3.60 per ordinary (equity) share of face value of ₹1 each.
“FY2025 has been an important transition year for Tata Steel with significant developments across operating geographies,” said MD & CEO T.V. Narendran.
“We commissioned India’s largest blast furnace at Kalinganagar, safely decommissioned two blast furnaces in the U.K., and achieved production levels near rated capacity in The Netherlands. India deliveries were best ever at about 21 million 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 remaining operations,” he said.
“At the segment level, Tata Steel continues to be the preferred supplier for automotive steel, with high share of business in new model launches. Tata Tiscon achieved best-ever volumes and grew by 19% YoY to around 2.4 million tonnes,” he added.
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