Tata Steel swings into black, posting almost Rs 4,000 crore profits in December quarter


Tata Steel reported a consolidated net profit of Rs 3,989 crore for October-December quarter on higher revenue and better realisation. The company had posted a net loss of Rs 1,166 crore in the year-ago quarter. Its total revenue grew 11.5 per cent year-on-year (YoY) to Rs 39,594 crore. Earnings before interest, tax, depreciation and amortisation […]

Read more

Indian Oil‘s profit doubles to Rs 4,917 crore in third quarter: new Rs 31,500 crore refinery set for Tamil Nadu


Indian Oil Corporation (IOC) reported a net profit of `4,916.6 crore on a standalone basis for the quarter ended December 31, recording a 110% rise from the same period a year ago. The state-run oil refining and marketing company attributed the increase in profit to inventory gains, stemming from fluctuations in global oil prices and rising […]

Read more

JSW Steel’s net profit jumps 14 times to Rs 2,669 crore in the third quarter, FY 2021


On the back of a strong recovery in steel demand, JSW Steel reported record numbers for the three months of October-December. The net profit of Mumbai-based company increased nearly 14 times on a year-on-year basis to Rs 2,669 crore. Consolidated revenue from operations surged 21% y-o-y to Rs 21,859 crore. Overall sales volumes were slightly lower by […]

Read more