MUMBAI (Reuters) - Shares in Tata Steel Ltd fell around 3 percent after the company reported a 69 percent drop in its December quarter profits.
Tata Steel's consolidated net profit fell to 1.57 billion rupees ($25 million) in the three months through Dec. 31, the lowest since the second quarter of 2013, from 5.03 billion a year earlier.
Shares in Tata Steel, part of the $100 billion Tata conglomerate, fell 5.9 percent in 2014, compared to a 31.4 percent gain in the Nifty.
(Reporting by Indulal PM and Swati Bhat; Editing by Sunil Nair)