Tata Steel Q1: Prabhudas Lilladher expects loss of Rs 1.4cr
Prabhudas Lilladher expects Tata Steel to report a loss of Rs 1.4 crore during the quarter as against profit of Rs 597.9 crore in a year ago period and profit of Rs 884.3 crore in previous quarter.
August 12, 2013 / 17:46 IST
Prabhudas Lilladher has come out with its first quarter (April-June) earnings estimates for the metal sector. The brokerage house expects Tata Steel to report a loss of Rs 1.4 crore during the quarter as against profit of Rs 597.9 crore in a year ago period and profit of Rs 884.3 crore in previous quarter.
Revenues are expected to decrease by 14.1 percent Q-o-Q (down 12 percent Y-o-Y) to Rs 29,779.1 crore, according to Prabhudas Lilladher.Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 31 percent Q-o-Q (down 11.4 percent Y-o-Y) to Rs 3,013.8 crore.EBITDA margin or operating profit margin is likely to be at 10.1 percent in June quarter as against 12.6 percent in March quarter and 10.1 percent in a year ago period.Prabhudas Lilladher report on Tata SteelTata Steel Europe's (TSE) EBITDA/tonne is expected by USD 22 Q-o-Q at USD 11 on account of higher iron ore cost and lower scale. Thanks to lower earnings in both domestic and TSE, we expect consolidated EBITDA to decline 31 percent Q-o-Q at Rs 30.1 billion. We expect loss of Rs 14 million as against profit of Rs 8.8 billion and Rs 6 billion in Q4FY13 and Q1FY13, respectively. Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
