Subscribe for notification
Categories: Stock Market

Tata Steel Q4 Results: Net profit jumps 117% YoY to ₹1,201 crore, dividend of ₹3.60 declared. Check record date here


Tata Steel Q4 Results: Tata Group’s steel manufacturing arm, Tata Steel Ltd, announced its January to March quarter results for the financial year ended 2024-25. The company recorded a 117 per cent rise in its consolidated net profits to 1,201 crore, compared to 554.56 crore in the same quarter of the previous financial year. 

The company’s core revenue from operations dropped 4.2 per cent to 56,218 crore in the fourth quarter results compared to 58,687 crore in the same period a year ago.

Even though the company’s revenues took a dip, the firm managed to cut some expenses for the quarter. The total expenses for the January to March quarter witnessed a 4.1 per cent drop to 56,218 crore, compared year-on-year with 58,687.31.

Tata Steel’s two major revenue-generating operations, Tata Steel India and Tata Steel Europe, witnessed a fall in revenues for the fourth quarter, dragging down the income from core operations for the steel major. 

Tata Steel Dividend

Tata Steel’s board of directors announced a 360 per cent dividend issue of 3.60 per equity share with a face value of Re 1 apiece. This means that every shareholder will receive a dividend of 3.60 for each equity share they own of the steel-making giant.

“Recommended a dividend of 3.60 per Ordinary (Equity) Share of face value 1/- each (360%) to the shareholders of the Company for FY2024-25,” said the company in the NSE statement.

The company’s board of directors has fixed the “Record Date” for the dividend issue on Friday, June 6, 2025. Tata Steel also disclosed that the dividend will be paid within five days from the date of the Annual General Meeting (AGM).

“The Board of the Company has fixed Friday, June 6, 2025 as the Record Date for determining the Members entitled to receive the dividend for the FY2024-25,” said the company. 

Tata Steel Share Price

Tata Steel shares closed 6.16 per cent higher at 151.55 after Monday’s stock market session, compared to 142.75 at the previous market close. The company announced their fourth quarter results and dividend issue development after market hours on May 12.

Tata Steel shares have given stock market investors more than 450 per cent returns on their investment in the last five years. However, the shares have lost 7.51 per cent in the last one-year period.

On a year-to-date (YTD) basis, the shares have gained 10.82 per cent, and are trading 6.58 per cent higher in the last five trading sessions.

Tata Steel shares hit their 52-week high level at 184.60 on June 18, 2024, while the 52-week low mark was at 122.60 on January 13, 2025, according to BSE data.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.

Admin

Recent Posts

LIC-owned NBFC stock below ₹50 declares allotment of commercial papers worth ₹30 crore

Stock below ₹50: LIC-owned NBFC stock Paisalo Digital share price fell over 3.73 per cent in Friday's trading session to…

1 minute ago

LME copper price today dips 1% on Israel-Iran war buzz, US tariff concerns

Copper prices declined in the international market as escalating geopolitical tensions in the Middle East and concerns over expanded US…

47 minutes ago

India moves to tap its rare earth reserves. Can it ease reliance on China?

Indian Rare Earths extracts rare earth elements from beach sands in Kerala, India.Pallava Bagla | Corbis News | Getty ImagesIndia,…

2 hours ago

Expert view: Indian stock market slightly above long-term valuations, says Vivek Rajaraman of Waterfield Advisors

Expert view on markets: Vivek Rajaraman, Executive Director, Head - Client Advisory, Waterfield Advisors, remains constructive on broader markets. He…

2 hours ago

Suzlon Energy stock downgraded to ‘accumulate’ by Geojit; but target price raised to ₹77 from ₹71

Domestic brokerage house Geojit Financial Services has revised its outlook on Suzlon Energy, downgrading the stock from a ‘Buy’ to…

2 hours ago

Israel strikes Iran, oil jumps

Aerial view of Mt. Fuji, Tokyo Tower and modern skyscrapers in Tokyo on a sunny day.Yongyuan | E+ | Getty…

3 hours ago