Tata Steel Q4 net seen up 17% at Rs 1292.3 cr

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Tata Steel Q4 net seen up 17% at Rs 1292.3 cr

Tata Steel is to announce its fourth quarter numbers. According to CNBC-TV18 estimates, the company is likely to post 17% growth in its net profit of Rs 1292.3 crore for the quarter ended March 2008 as against Rs 1103.5 crore in same period of last year.

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Tata Steel is to announce its fourth quarter numbers. According to CNBC-TV18 estimates, the company is likely to post 17% growth in its net profit of Rs 1292.3 crore for the quarter ended March 2008 as against Rs 1103.5 crore in same period of last year.

Net sales is seen going up 9.5% at Rs 5453.8 crore versus Rs 4980.4 crore.

Factors to watch

• Good growth both on the topline and bottomline, Margin expansion expected
• Volume growth in domestic operations, number of price increases since January will help realisation growth
• Lower contractual coking coal prices and higher steel prices to drive growth during the quarter
• Given 100% integration in iron ore and 70% in coking coal, least exposed in a rising raw material prices scenario
• Lower interest due to repaying of bridge loan through the proceeds of rights issue will drive bottomline