The Indian steel industry has shown a mixed performance in Q3 FY24-25, with some companies experiencing revenue growth while others facing a decline in net profit. Below is a detailed analysis of the Quarter 3 Performance up to 31.12.2024 for the leading steel manufacturers in India.
Revenue from Operations: Q3 FY 2024-25 vs Q3 FY 2023-24

TATA STEEL LTD.
Q3 2024-25: ₹32,760.45 crores
Q3 2023-24: ₹34,685.50 crores
YOY Change:-5.55%
JSW STEEL LTD.
Q3 2024-25: ₹31,799.00 crores
Q3 2023-24: ₹33,310.00 crores
YOY Change:-4.54%
Vedanta Limited
Q3 2024-25: ₹18,814.00 crores
Q3 2023-24: ₹17,526.00 crores
YOY Change:+7.35%
JINDAL STEEL & POWER LTD.
Q3 2024-25: ₹11,435.77 crores
Q3 2023-24: ₹11,515.93 crores
YOY Change:-0.70%
JINDAL STAINLESS LTD.
Q3 2024-25: ₹10,065.60 crores
Q3 2023-24: ₹9,087.57 crores
YOY Change:+10.76%
APL APOLLO TUBES LTD.
Q3 2024-25: ₹3,781.49 crores
Q3 2023-24: ₹3,145.52 crores
YOY Change:+20.22%
Net Profit: Q3 FY 2024-25 vs Q3 FY 2023-24

TATA STEEL LTD.
Q3 2024-25: ₹5,174.54 crores
Q3 2023-24: ₹6,071.37 crores
YOY Change:-14.77%
JSW STEEL LTD.
Q3 2024-25: ₹1,638.00 crores
Q3 2023-24: ₹3,263.00 crores
YOY Change:-49.80%
Vedanta Limited
Q3 2024-25: ₹2,337.00 crores
Q3 2023-24: ₹3,344.00 crores
YOY Change:-30.11%
JINDAL STEEL & POWER LTD.
Q3 2024-25: ₹1,473.09 crores
Q3 2023-24: ₹1,993.74 crores
YOY Change:-26.11%
JINDAL STAINLESS LTD.
Q3 2024-25: ₹831.52 crores
Q3 2023-24: ₹974.94 crores
YOY Change:-14.71%
APL APOLLO TUBES LTD.
Q3 2024-25: ₹110.05 crores
Q3 2023-24: ₹138.7 crores
YOY Change:-20.66%
Industry Insights & Conclusion
The Q3 performance of India’s top steel companies reflects moderate revenue growth in firms like Vedanta Limited, Jindal Stainless, and APL Apollo Tubes, while major players like Tata Steel and JSW Steel faced a decline in revenue.
Net profits dropped significantly across most companies, primarily due to rising raw material costs, reduced export demand, and market fluctuations.
With the steel sector evolving, it’s crucial for investors and businesses to track industry trends. Stay updated with HouseGyan for the latest insights into the steel and construction industry!














