Tata Steel, the behemoth of India’s steel manufacturing landscape, unveiled a 43% drop in its Q3FY25 net profit, slipping to ₹295.49 crore from ₹522.14 crore in the same period last year. The dip came as revenues from operations slid 2.7% to ₹53,231 crore, driven by softer performance in its core India business. While overall expenses declined by 2.3%, thanks to a 7% cut in employee benefits and an 11.6% reduction in other expenses, the company’s flagship Indian operations saw a 5.5% revenue drop. This segment contributed ₹32,760.45 crore, down from ₹34,685.50 crore last year. On the brighter side, Tata Steel’s European arm showed resilience with a modest 1.9% revenue growth to ₹18,491.24 crore. The disappointment, however, extended to “Other trade-related operational revenues,” which nosedived 29%, signaling challenges in peripheral streams. On the market front, Tata Steel’s shares reflected investor unease, shedding 2.77% to close at ₹126.40. The stock has been on a rollercoaster ride, touching a 52-week low of ₹122.60 just earlier this month, after peaking at ₹184.60 in mid-2024. Over the past five years, the shares have delivered a stellar 200% return but stumbled by 6.26% in the last year amid volatile trading.