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Tata Steel share price today: ICICI Securities in a morning note called Tata Steel's quarter results 'healthy'. For the quarter, Ebitda stood at Rs 6,264 crore compared with Rs 4,268 crore in the September quarter, largely due to low raw material cost.
The BSE will see seventy eight companies announcing their December quarter earnings, including Bajaj Auto, Tata Steel, and Tech Mahindra. Axis Bank reported a 4% YoY increase in net profit for the October-December quarter. Bajaj Auto is expected to have a 33.3% YoY rise in net profit, while Tech Mahindra may see a decline in revenue but a rise in net profit. Other companies announcing their Q3 results include Ujjivan Small Finance Bank, UCO Bank, TVS Motor Company, Railtel, and PNB Housing. ....
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).
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. ....