Tata Steel Posts 5-Fold Rise In Q3 Profit But Misses Estimates

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For the quarter ended December 31, profit was Rs. 1,294 crore.

Tata Steel Ltd on Friday posted a five-fold rise in third-quarter profit, but missed analysts’ expectations.



For the quarter ended December 31, profit was Rs. 1,294 crore, compared with Rs. 243 crore in the same period a year earlier, the steelmaker said in a statement.

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Analysts on average had expected a profit of Rs. 1,392 crore, according to Thomson Reuters data.



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