Tata Steel Q1 Profit Up 12% Amid European Headwinds

Tata Steel, a big steel company in India, made more money in the first quarter of 2024 than it did a year earlier, but it still earned less than analysts expected.

The company earned ₹2,318 crore and sold steel worth ₹60,794 crore.

It had some problems in Europe, especially in the Netherlands, where rules and a plant shutdown hurt its profits.

In India, the company had to pause some plants for maintenance, but higher steel prices helped keep its earnings strong.

Tata Steel plans to spend a lot of money to grow its factories and make more steel in the future.