New Delhi, Jan. 28 -- On 27 Jan, 2025, Tata Steel declared its Q3 results for the fiscal year 2025. The company reported a significant decline in both topline and profit, with revenue dropping by 3.01% year-on-year to Rs.53648.3 crore and profit falling 36.37% year-on-year to Rs.326.64 crore. Compared to the previous quarter, revenue showed a slight decline of 0.48%, while profit experienced a more substantial decrease of 60.81%.
Despite the challenging financial landscape, Tata Steel noted a reduction in Selling, General & Administrative expenses, which fell by 4.02% quarter-on-quarter and 6.96% year-on-year. This cost control may provide some respite amidst the declining revenue and profits.
The operating income for the quarter also r...
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