Tata Steel Q4 Results: Profit drops 82% YoY to Rs 1,705 crore; dividend declared at Rs 3.6/share

Steel major Tata Steel reported a consolidated net profit of Rs 1,705 crore for the January-March period. This is an 82% fall from Rs 9,756 crore a year ago. The profit figure, however, beat the ET Now Poll estimate of Rs 749 crore. Revenue from operations too were down 9% year-on-year (YoY) to Rs 62,961 crore for the March quarter. It was Rs 69,323 crore in the same quarter of last year.