Tata Steel PAT up 139% to Rs 9,598 cr in Dec qtr on economic recovery

Consolidated turnover was at Rs 60,783 crore in the quarter compared to Rs 41,935 crore a year back

Tata Steel, the country’s oldest steel producer, reported a consolidated profit after tax (PAT) of Rs 9,598 crore in the December quarter (Q3), up 139 per cent from the corresponding period last year. It reported a profit after tax (PAT) of Rs 4,011 crore in the year-ago period.

Consolidated Ebitda (earnings before interest, taxes, depreciation, and amortisation) at Rs 15,853 crore was higher by 64 per cent year-on-year (YoY). 

Taking advantage of strong cash flows, the company made debt repayment of Rs 17,376 crore in the first nine months of the financial year, bringing gross debt down to Rs 72,603 crore and