NEW DELHI: Shares of Tata Steel jumped nearly 3 per cent in early trade on Wednesday after the steel major reported a 269.31 per cent surge in profit at Rs 3,604.21 crore for the quarter ended September 30.

The scrip was trading 2.96 per cent up at Rs 606.60 at around 10.15 am (IST), while the benchmark BSE Sensex was down 0.15 per cent at 35,090.14.

The company had posted a profit of Rs 975.87 crore in the year ago period. Net sales of the company rose 34.10 per cent to Rs 43,544.10 crore over Rs 32,464.14 crore on a yearly basis.

Consolidated ebitda jumped 84 per cent to Rs 8,920 crore over Rs 4,720 crore a year ago.

“Gross debt during the quarter increased by Rs 2,065 crore, primarily due to adverse forex impact of Rs 3,528 crore. Net debt was flat at around Rs 1,04,202 crore,” the company said in a release.

Meanwhile, the shares of the company opened at Rs 606 on BSE against its previous closing of Rs 589.15.