Tata Steel Q1 PAT may dip 45.1% YoY to Rs. 1,260.5 cr: Kotak

Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects Tata Steel to report net profit at Rs. 1,260.5 crore down 45.1% year-on-year (down 45.6% quarter-on-quarter).

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.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 15.3 percent Y-o-Y (down 21.9 percent Q-o-Q) to Rs. 5,478.2 crore.

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