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Tata Steel's revenue fell 4.2 percent to Rs 56,218.11 crore in the March quarter compared to Rs 58,687.31 crore in the year-ago period.
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Net Sales are expected to decrease by 1.8 percent Y-o-Y (up 7.4 percent Q-o-Q) to Rs. 57,610 crore, according to PL Capital.
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The UK overhang, excess China dumping, and rich valuations take some of the shine off the stock
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Net Sales are expected to decrease by 2.6 percent Y-o-Y (down 0.9 percent Q-o-Q) to Rs. 54,260 crore, according to PL Capital.
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Net Sales are expected to decrease by 4.1 percent Y-o-Y (up 9.1 percent Q-o-Q) to Rs. 60,360 crore, according to Prabhudas Lilladher.
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Managing Director and Chief Executive Officer TV Narendran said Tata Steel’s Rs 16,000 crore capex in FY24 is on track. India demand continues to be strong.
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Tata Steel Q1: The company's consolidated net sales are expected to come in at Rs 56,337.80 crore, while net loss is estimated at Rs 122.80 crore, analysts said.
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Net Sales are expected to increase by 5.7 percent Y-o-Y (up 7.3 percent Q-o-Q) to Rs. 64,262.5 crore, according to Motilal Oswal.
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Investors may focus on the management’s guidance on European operations, and the impact of the depreciating GBP.
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The performance of the company during the quarter was impacted by decline in volumes due to the imposition of export duty as well as increase in coking coal costs which inflated the operating costs.
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Analysts are likely to keep an eye on the management commentary on profitability and cash flow from European operations, and update on growth capex.
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Net Sales are expected to increase by 35 percent Y-o-Y (up 11 percent Q-o-Q) to Rs. 67,710 crore, according to ICICI Direct.
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Net Sales are expected to increase by 41 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 59,280 crore, according to ICICI Direct.
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Steel companies profitability likely to be challenged by higher coal costs, reduced prices amid lower demand. Non ferrous companies are likely to post strong performance on the back of increased prices and higher volumes.
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Net Sales are expected to increase by 62 percent Y-o-Y (up 13 percent Q-o-Q) to Rs 60,254 crore, according to ICICI Direct.
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Although overall earnings growth is expected to be strong, analysts expect it to be driven by a handful of sectors.
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Net Sales are expected to increase by 113 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 51,636 crore, according to ICICI Direct.
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Kotak expects profit to rise 266 percent, revenue to see a 40 percent growth and EBITDA to rise 215 percent in Q4 FY21 on a YoY basis.
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Kotak Institutional Equities which sees profit at Rs 4,153 crore on revenue growth of 12.3 percent YoY.
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Motilal Oswal expects consolidated loss at Rs 2,928.6 crore for the quarter with 81 percent fall YoY (down 78 percent QoQ) in EBITDA YoY.
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According to Edelweiss, European operations are likely to post a loss at the EBITDA level as high cost iron ore inventory is likely to be consumed in this quarter.
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Net Sales are expected to decrease by 19.2 percent Y-o-Y (down 2.2 percent Q-o-Q) to Rs. 35,172.5 crore, according to ICICI Direct.
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Lower realisations, due to falling steel prices and higher cost, led to this poor performance at the operating level
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India’s three largest steel players are trading at 6-8 times their estimated EV/EBITDA for FY20, which is a bit on the higher side in light of the expected cut in earnings
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Net Sales are expected to increase by 0.3 percent Y-o-Y (down 10.6 percent Q-o-Q) to Rs. 37,935.4 crore, according to Kotak.
