Tata Steel Q3 results are expected to be weak, with the Tata Group company estimated to slip into losses in the quarter ended December 2024 due to lower sales realisations in India and Europe.

On the bourses, Tata Steel shares closed 0.38 per cent lower at Rs 130. In comparison, BSE Sensex settled 0.43 per cent lower at 76,190.46 levels, on Friday, January 24, 2025

Revenue declines 3% to Rs 53,648 crore. Despite volumes improving by 8% YoY in the company's India operations, struggling steel prices caused EBITDA per tonne to decline

Track Tata Steel's Q3FY25 earnings as shares face pressure with analysts predicting a revenue decline and potential losses.

The steel manufacturer's profit fell 36% in the third quarter to Rs 327 crore. In the year-ago period, Tata Steel had posted a profit of Rs 513 crore. The company's profit in the quarter under review beat the Rs 300-crore-loss estimate of analysts polled by Bloomberg.

While Tata Steel's net profit came in 43 percent lower on-year, it surpassed analysts' expectations amid a slowdown in steel industry on cheap Chinese imports.

Tata Steel's consolidated profit for the December quarter fell 43% to ₹295.5 crore, impacted by global steel price declines. However, strong performance in India helped offset losses, with sales reaching 7.

Indian carmaker Tata Motors fell more than 7% in early trade on Thursday after reporting a bigger-than-expected drop in quarterly profit, which pushed a slew of brokerages to slash price targets on the stock.

Results: Profit fell short of ET Now's estimate of Rs 6,791 crore, while revenue rose 3% YoY to Rs 1.13 lakh crore. Consolidated EBITDA rose to Rs 15,500 crore, driven by easing supply challenges. CV revenues fell 8.

India's Tata Motors reported a 22% drop in third-quarter profit on Wednesday, significantly missing analyst estimates, hurt by weak performance at its Jaguar Land Rover (JLR) and domestic car businesses.