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Tata Steel's profit up nearly fourfold

Financial Express Kochi

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November 13, 2025

TATA STEEL ON Wednesday reported a 272% jump in its consolidated net profit at ₹3,102 crore onthe back of better steel realisations and lower expenses aided by strategic cost transformation initiatives.

- URVI MALVANIA

Bloomberg analysts had estimated a net profit of $2,740 crore.The company had posted a net profit of ₹833 crore in the same period a year ago.

Revenue also came in ahead of the Bloomberg estimate of ₹55,898 crore at ₹58,689 crore and was up 8.9% year-on-year.

“The global operating environment remained challenging with persistent overhang of tariffs, geopolitical tensions and elevated steel exports. Despite this, Tata Steel delivered a resilient performance with the Ebitda margin improving for the second consecutive quarter,’ MD & CEO TV Narendran said ina statement.

Earnings before interest, taxation, depreciation and amortisation (EBITDA) at ₹8,897 crore wasalso higherthan Bloomberg estimates of 8,185 crore, up 45%, while Ebitda margin was 15.2% (against 14% in Q1).

MEER VERHALEN VAN Financial Express Kochi

Financial Express Kochi

'Any earnings disappointment could trigger short-term corrections'

ICICI Prudential AMC, which is awaiting regulatory clearance for a ®10,000-crore (IPO), is betting big on the capex and consumption stories that are moving in tandem. Anand Shah, CIO - PMS and AIF investments at the AMC that managed €63,870 crore as on March 31, 2025, tells Nesil Staney that Indian markets are still trading at a 9% premium to global indices.

time to read

2 mins

November 21, 2025

Financial Express Kochi

America can’t win by targeting Alibaba

IT WAS SUPPOSED to be a good week for Alibaba Group Holding Ltd. The tech giant released its revamped Qwen app to users in China, with plans to roll out the ChatGPT-like tool internationally later on.

time to read

2 mins

November 21, 2025

Financial Express Kochi

ICICI Pru AMC close to get approval for ₹10K-cr IPO

ICICl PRUDENTIAL ASSET Management (AMC) is close to securing an approval from the Securities and Exchange Board of India (Sebi) to go public, sources said.

time to read

1 min

November 21, 2025

Financial Express Kochi

Legacy FMCG brands dominate q-comm baskets

QUICK COMMERCE MAY be adding delivery speed, but it isn’t changing who controls the household basket.New platform data show that traditional FMCG players— not digital-first brands—continue to command the bulk of consumer spending on daily-use staples across apps such as Blinkit, despite an explo- sion of choice.

time to read

1 mins

November 21, 2025

Financial Express Kochi

India signs $93-million deal with US for Javelin anti-tank system, Excalibur projectiles

THE US HAS approved the sale of Excalibur guided artillery projectiles, Javelin antitank missile system and related equipment worth nearly $93 million to India, saying it will improve the country’s capability to strengthen its defence and deter regional threats.

time to read

1 min

November 21, 2025

Financial Express Kochi

'GST 2.0 transformational for FMCG'

Consumer goods major Marico sees urban growth picking up in the second half of FY 26, led by easing inflation, GST cuts, a low base and a favourable policy environment.

time to read

3 mins

November 21, 2025

Financial Express Kochi

5G subscriptions may cross 1-bn mark by 2031

INDIA IS EXPECTED to have over 1 billion 5G subscriptions by the end of 2031, the Ericsson Mobility Report released on Thursday said, underscoring the steady uptake of the service in a nation that accounts for the highest mobile data traffic per smartphone.

time to read

1 mins

November 21, 2025

Financial Express Kochi

ED files chargesheet against Vadra in UK-linked PMLA case

THE ENFORCEMENT DIRECTORATE on Thursday filed a chargesheet against businessman Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, in a money laundering case linked to fugitive UK-based arms consultant Sanjay Bhandari, officials said.

time to read

1 min

November 21, 2025

Financial Express Kochi

'Good trade deal' with US will support rupee stability: Malhotra

e ‘Central bank doesn’t target any level for the rupee’

time to read

1 mins

November 21, 2025

Financial Express Kochi

'Cinema-going is not at all obsolete'

SANJEEV KUMAR BIJLI, EXECUTIVE DIRECTOR, PVR INOX

time to read

3 mins

November 21, 2025

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