The state-owned firm's consolidated net profit for the quarter ended March 31 declined to 11.26 billion rupees (USD 135.22 million) from 11.59 billion rupees a year earlier.
Input costs rose about 2% to 151.30 billion rupees.
Earnings of steelmakers in India have been under pressure due to higher imports from China that is selling finished steel products at cheaper prices, at a time when it's grappling with a struggling property sector and elevated U.S. tariffs.
A surge in costs of key steelmaking ingredients such as coking coal and iron ore in the quarter further hurt the metal makers.
Last week, India's JSW Steel also reported a fall in fourth-quarter profit.
JSW Steel and Tata Steel are looking to invest billions to ramp up capacity to meet rising steel demand in India as higher government spending ahead of the ongoing national elections boosts manufacturing and construction activity.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
