Tata Steel Q4 profit more than doubles to Rs 1,200 crore on higher volumes, cost control
Tata Steel's Q4 net profit more than doubled to ₹1,200.88 crore, driven by increased volumes and cost reductions, despite lower realisations. The company reported a full-year net profit of ₹3,173.78 crore, a significant turnaround from the previous year's loss. The board recommended a dividend of ₹3.60 per share and approved a USD 2.5 billion investment in its foreign subsidiary.
Tata Steel's Q4 net profit more than doubled to ₹1,200.88 crore, driven by increased volumes and cost reductions, despite lower realisations. The company reported a full-year net profit of ₹3,173.78 crore, a significant turnaround from the previous year's loss. The board recommended a dividend of ₹3.60 per share and approved a USD 2.5 billion investment in its foreign subsidiary.
