Tata Steel consolidated net profit up 46.8% YoY in March quarter

Tata Steel reported a 46.8 per cent year-on-year (YoY) increase in consolidated net profit attributable to the owners of the company at Rs 9,756 crore for the quarter ended March 2022 with the European business delivering a strong performance. Sequentially, net profit was up by 1.9 per cent.

The company’s reported profit after tax on a consolidated basis stood at Rs 9,835 crore, an increase of 37.32 per cent.

Total revenues for the quarter at Rs 69,324 crore were higher by 38.6 per cent compared to Rs 50,028 crore in the year-ago period.

For FY22, Tata Steel reported its highest