India's Tata Steel Limited posted a consolidated net profit of INR 12.01 billion ($141.82 million) in the fourth quarter of the fiscal year 2024-25, marking a 117 percent increase compared to the same period last year. However, net profit from its Indian operations dropped by 19 percent to INR 13.41 billion ($158.40 million).
The company's consolidated revenue reached INR 562.2 billion ($6.62 billion), reflecting a four percent year-on-year growth. CEO TV Narendran highlighted key developments during the fiscal year, including commissioning India's largest blast furnace in Kalinganagar, Odisha, decommissioning two blast furnaces in the UK, and achieving production levels near rated capacity in the Netherlands.
Quarterly steel sales in India hit a record 21 million mt, up five percent, supported by the ramp-up of the new Kalinganagar blast furnace and nearly full capacity utilization at other operations.
