FX.co ★ Tata Steel Q1 Profit After Tax Rises; Stock Up

On Wednesday, Tata Steel Ltd. (TTST.IL) announced a first-quarter profit after tax of INR 919 crores, a significant increase from the INR 525 crores reported in the same period last year. The company's Adjusted EBITDA reached INR 6,950 crores, up from INR 6,238 crores in the prior year. However, quarterly revenue experienced a decline, falling to INR 54,771 crores from INR 59,490 crores the previous year. Despite this revenue drop, Tata Steel's stock is on the rise, with an increase of 6.12 percent, bringing the price to $20.80 on the IOB.