Tata Steel earnings jump 59% on higher deliveries in India

Tata Steel reported a 59.06% year-on-year increase in its earnings in the quarter ended December 31, 2017, due to good results reported by the Indian divisions of the company.

Consolidated earnings before interest, taxes, depreciation and amortization (Ebitda) reached 58.01 billion rupees ($899.93 million) in October-December 2017, the company said on Friday February 9. This was up from 36.47 billion rupees in the corresponding period of 2016. “In India, we have witnessed strong volume growth as well as an increase in realizations,” chief executive officer and managing director TV Narendran said. “Our European operations performance was...

Published

Maria Tanatar

February 09, 2018

18:18 GMT

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