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The company's consolidated revenues for the quarter climbed about 45 per cent YoY to Rs 60,783 crore compared with Rs 41,935 crore in the year-ago quarter. ....
On a consolidated basis, the steel major reported net profit at Rs 4,010.94 crore in Q3 December 2020 compared with net loss of Rs 1,228.53 crore in Q3 December 2019.Net sales jumped 11.6% to Rs 38,805.91 crore in Q3 FY21 over Q3 FY20. Pre-tax profit during Q3 FY21 was at 5,582.60 crore as against pre-tax loss of Rs 607.49 crore in Q3 FY20. Tax expense for the quarter soared 572.70% to Rs 1,320.71 crore as against Rs 196.32 crore in Q3 December 2019. The Q3 result was declared post trading hours yesterday, 9 February 2021. Consolidated EBITDA improved 53% QoQ and 161% YoY to Rs 9,540 crore, with improved realization across key entities. The company generated free cash flow of Rs 12,078 crore in Q3FY21, driven by strong operating performance and better working capital management. The company said it continues to prioritize on capital expenditure. It spent Rs 1,394 crore on capex during the quarter. The company has decided to restart work on Pellet plant and Cold Roll Mill compl ....
Tata Steel Q3 Result | Company Beats Estimates, Posts Profit Of Rs 3,989 Crore With 1,380 Bps Operating Margin Expansion moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.