Tata Steel reported a consolidated net profit of ₹1,201 crore for the quarter ended March 2025, significantly higher than CNBC-TV18’s estimate of ₹1,080 crore and more than double last year’s ₹555 crore.
The growth was supported by stronger other income and lower exceptional losses. Operating performance remained steady with EBITDA at ₹6,559.2 crore—broadly in line with the estimate of ₹6,437 crore, though marginally lower than ₹6,601 crore in the same quarter last year.
EBITDA margin improved annually to 11.7% from 11.2% a year ago, and was also ahead of the CNBC-TV18 poll estimate of 11.4%.
Exceptional losses for the quarter narrowed to ₹388.6 crore from ₹594.5 crore a year ago, while other income surged to ₹461 crore compared to ₹175.9 crore in the same period last year.
Revenue for the quarter came in at ₹56,218 crore, slightly below the Street estimate of ₹56,412 crore, and down 4.2% year-on-year from ₹58,687 crore.
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The company’s board has recommended a final dividend of ₹3.60 per equity share for FY25, subject to shareholder approval.
Tata Steel also announced plans to invest up to $2.5 billion in its Singapore-based subsidiary, T Steel Holdings Pte Ltd, as part of its ongoing international strategic initiatives.
Ahead of the earnings announcement, shares of Tata Steel rallied 6.16% on the BSE, closing at ₹151.55.
