Tata Steel Limited — Board Meeting, 27-01-2025: Outcome of Board Meeting

The Board has approved the audited Standalone and unaudited Consolidated financial results for the quarter and nine months ended December 31, 2024. Total revenues for the quarter stood at ₹53,648.30 Cr, with a net profit of ₹295.49 Cr. Notable expenses included ₹19,403.99 Cr for materials consumed and ₹6,072.47 Cr for employee benefits. The results are impacted by ongoing amalgamation schemes affecting accounting treatment for subsidiaries. Key provisions related to restructuring and impairment also featured prominently in the financial outcomes. The outcomes reflect strategic adjustments and continued operational oversight by the management.