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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 complex at

Koushik chatterjeeTata steelCold roll millTata steel europeTata steel long productsCapital marketStates and union territories of indiaEconomy of indiaKalinga nagarTata steel bslAnnual crude steel capacityTata steel groupPellet plantCrude steel productionCrm complexCapital management