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The consolidated net profit of the company surged to Rs 2,415 crore for the third quarter, from Rs 490 crore in the same quarter of the previous fiscal.
The steel maker’s revenue from operations went up 7.2 per cent to Rs 41,940 crore. The company’s EBIDTA (earnings before interest, depreciation, tax and amortisation) shot up by 57.9 per cent to Rs 7,180 crore.
On Wednesday,
The demand for steel in
These projects in the highway, port and railway segments have generated a strong demand for steel and cement, which is having a multiplier effect on growth. There has also been an uptick in the housing sector which has further strengthened the demand for steel.
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