Tata Steel’s profit jumps eightfold

While saying that the Q3 performance was largely in line with expectations, Suman Kumar, assistant vice-president for metals and mining at brokerage Philip Capital, pointed out that the jump in net profit is because last year’s numbers were impacted by additional write-offs, “as Tata Steel Europe had shut down its blast furnaces around September, which required onetime impairment sand provisioning”.

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Kumar added, however, that Tata Steel’s Ebitda per tonne of ₹12,000 stood out in comparison to its peers. “JSW Steel and JSPL reported Ebitda in the ₹7,000-8,000 per tonne range, while SAIL’s Ebitda per tonne was much lower at about ₹4,600. This wide disparity underscores Tata Steel's superior product mix and structural cost advantages. Despite a weak operating environment, its strong