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Tata Steel Q3 earnings: Prabhudas Lilladher, which sees profit at Rs 250 crore, said TSE contribution to deteriorate further sequentially on GBP 30-35 QoQ drop in European prices and weak volumes at Tata Steel UK (down 10 per cent QoQ).
Robust spending on infrastructure pushed up steel prices, benefitting steelmakers in India. The demand helped Tata Steel clock ‘best-ever 3Q’ sales with domestic deliveries of 4.88 MT. ....
Tata Steel Q3 Results: Tata Steel is expected to announce mixed earnings for the quarter ended December, with a better performance in India offsetting weakness in European operations. The company s management outlook will determine the stock s recovery. Key factors to monitor are net profit, consolidated revenue, EBITDA, standalone steel realizations, standalone volumes, India EBITDA/tonne, European business, and the restructuring plan. ....
The steelmakers consolidated net profit stood at Rs 522 crore in Oct-Dec as against a loss both in the year-ago period and a quarter ago. Consolidated sales for the quarter were down 3% on year at Rs 55,312 crore. Tata Steels consolidated earnings before interest, tax, depreciation and amortization jumped more than 50% on year to 6,334 crore rupees even as deliveries remained flat. The operating profit was higher on a sequential basis as well. ....