Tata Steel Q2 PAT seen up 42.5% at Rs 1696.8 cr

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Tata Steel Q2 PAT seen up 42.5% at Rs 1696.8 cr

Tata Steel is to announce its second quarter results. According to CNBC-TV18 estimates, the company's sales are seen up 36.3% at Rs 6523.6 crore versus Rs 4785.1 crore.

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Tata Steel is to announce its second quarter results. According to CNBC-TV18 estimates, the company's sales are seen up 36.3% at Rs 6523.6 crore versus Rs 4785.1 crore.

Its operating profit seen up at Rs 2996.8 crore versus Rs 2025.4 crore.

The company's PAT seen up 42.5% at Rs 1696.8 crore versus Rs 1190.8 crore.

Key Factors to watch

Higher realisation YoY, stable steel sales by volume to drive topline

Indian operations to benefit from volume ramp up post-expansion to 6.8mpta in May-08

New coking coal contracts came into effect from July 2008 (coking coal prices up 205% YoY)

This will significantly offset benefit of higher realisations

Depreciating rupee to hurt earnings given high debt on books