The company’s revenue from operations stood at Rs 53,178 crore which was down 3% versus Rs 54,771 crore posted in the corresponding quarter of the last financial year.
The PAT was higher than Street’s estimates of Rs 1,720 crore while revenue also beat the estimates of Rs 50,264 crore.
The net profit increased 60% on a sequential basis versus Rs 1,301 crore in the January-March quarter while the topline declined 5.4% over Rs 56,218 crore posted by the company in Q4FY25.
The company’s board today approved acquisition of 26% equity stake in TP Adarsh where it will infuse of an amount up to Rs 6 crore, in one or more tranches.
Tata Steel’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) improved by 11% QoQ and 10% YoY, aided in part by ongoing strategic initiatives, the company filing said.India revenues stood at Rs 31,137 crores for the quarter and EBITDA was Rs 7,486 crores, which translates to a margin of 24%. India EBITDA per ton improved by Rs 2,510 per ton QoQ to Rs 15,760 per ton.