India's Tata Steel swings to profit in Q3

The steelmaker, which also has operations in Europe, had posted a consolidated net loss of 27.48 billion rupees in the year-ago quarter.

Revenue rose 14 percent from a year earlier to 293.92 billion rupees for the three months to Dec. 31, the company said in a stock exchange filing.

Analysts, on average, had expected a net profit of 1.74 billion rupees, according to data compiled by Thomson Reuters.