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Tata Steel Q3 results: Net profit at Rs 4,011 crore; revenue up 11.4%

Revenue from operations stood at Rs 39,594.09 crore in the period under review

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Tata Steel's scrip ended 0.48 per cent lower on BSE at Rs 699.55 per share

BS Web Team New Delhi
Tata Steel reported a consolidated net profit of Rs 4,011 crore for the quarter ended December 31, 2020. The company had posted a loss of Rs 1,228 crore in the same period a year ago. Sequentially, profit rose 140 per cent. It was Rs 1,665 core in the September quarter (Q2FY21).

Revenue from operations stood at Rs 39,594.09 crore for the period under review, up 11.4 per cent from same period last year.

“The recovery in the global and Indian economy has led to sharp improvement in steel demand in India. We pivoted our deliveries to domestic markets, to