Strong debt reduction, operating performance help Tata Steel post stellar show: Key Q4 takeaways – Economic Times

MUMBAI:

Ltd today reported a firm set of earnings for the quarter ended March even though the companys standalone bottomline missed Streets estimates by some distance.

The steelmaker reported a near 50 per cent jump in revenues in the standalone business on a year-on-year basis, while the consolidated business saw sales rise 39 per cent.

First half of financial year 2021 was a challenging period with the uncertainties and complexities brought on by the Covid-19 pandemic. Indian economy and domestic steel demand has been improving since then with accommodative policies, government spending and relaxation in mobility restrictions, said managing director and chief executive officer TV Narendran.

Here are some of the major takeaways from the M…