Tata Steel shares in focus after Q3 PAT falls 36% YoY. What should investors do?
- Posted on January 28, 2025
- By Business News Today
- 5 Views
Tata Steel shares in focus after Q3 PAT falls 36% YoY. What should investors do?
Tata Steel's December quarter net profit fell 36% year-on-year to Rs 327 crore, with revenue down 3% to Rs 53,648 crore. The decline was driven by a 5.5% revenue drop in its Indian operations. Analysts from JP Morgan and Morgan Stanley maintained positive outlooks, highlighting strong domestic performance and lower costs in various segments.