Tata Steel Profit Grows on Margin Boost, Strong India Demand

Tata Steel Ltd.’s profit grew eight fold in the third quarter led by robust demand and output at its Indian operations that helped the steelmaker overcome rising costs.

The firm’s net income for the three months through December climbed to 26.9 billion rupees from 3.3 billion rupees a year earlier, according to a stock exchange filing. That beat the estimate of 25.3 billion rupees.