Q3FY17 Results: Tata Steel Ltd.

Tata Steel Ltd. reported its results for the quarter ended December 31, 2016 today. 

The company put up strong consolidated numbers on account of healthy topline growth.

The company's total sales for Q3FY17 came in at Rs 27,955.92 crore, which represents a 6.01 per cent sequential increase and 13.34 per cent YoY increase.

Its operating profit (EBIT) for the quarter was Rs 2159 crore and its EBIT margin was 7.72 per cent.

The company reported PAT of Rs 174.98 crore, as against net loss of Rs 172 crore in previous quarter in FY17. The company's India business witnessed moderate growth in revenues by 20 per cent on a sequential basis.
 
Tata Steel Ltd, one of India's largest steel makers and a global steel company, manufactures steel for some key market sectors like automotive, construction, consumer goods, engineering, rail, aerospace, shipbuilding, energy and power, lifting and excavating, packaging and defence & security. The company has operations in 26 countries.