New Delhi: Steel Major Tata Steel on Friday said its consolidated net profit more than doubled to Rs 9,598 Crore for the quarter that ended December 2021, mainly due to higher income.
The company has recorded RS 4,011 Crore’s net profit in the period last year.
The total income during the October-December quarter jumped to Rs 60,843 Crore from Rs 42,153 Crore in the last year period.
CEO of Tata Steel and MD T Narendran said domestic steel demand had begun to improve behind a sustainable economic recovery because the third wave of Covid began to tides.
Steel shipping companies in India increased by 4% in the first nine months of financial year, along with increasing mixed products.
Tata Steel Q3 Net Doubles to ₹ 9,598 Crore
