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The fall in fiscal deficit in December 2025 was more due to front-loading of advance tax receipts

While large scale changes in tax rates are unlikely, the markets will look at some smart tweaking of tax rates

Earnings before interest, tax, depreciation, and amortisation more than doubled to ₹208.5 crore in Q3 FY26 from ₹103 crore reported a year earlier.

Indian investors not only want a better investing environment, but also more investment options to choose from

Revenue from operations for the quarter slipped 2.7% year on year to ₹34,075.8 crore, down from ₹35,031.2 crore recorded in the year ago period

Capital expenditure during the quarter amounted to ₹2,076 crore, primarily directed towards ongoing expansion projects at the Angul facility.

On a sequential basis, revenue grew 10.2% from ₹4,292.34 crore, reflecting higher realisations and better volumes during the quarter.

The company posted a net profit of ₹323.8 crore for the quarter ended December 2025

Revenue from operations for the quarter rose 21.2% year on year to ₹15,378.24 crore, compared with ₹12,688.96 crore in Q3 FY25.

Earnings before interest, tax, depreciation and amortisation rose 18% year on year to ₹292.5 crore, up from ₹247.7 crore reported in Q3 of the previous financial year.