Tata Steel reported a 43.4% year-on-year decline in consolidated net profit to ₹295.5 crore for the third quarter of FY25, attributed to lower income. Revenue also fell by 3% to ₹53,648.3 crore compared to ₹55,312 crore in the same period last year. The company's EBITDA decreased by 5.8% to ₹5,900.6 crore, with margins steady at 11% compared to 11.3% in the previous year. Despite the decline, the results exceeded market expectations, with analysts previously forecasting a loss. The company benefited from increased production in India, which offset weaker performance in Europe and a slump in domestic steel prices.