Tata Steel Q2 PAT may dip 31.4% YoY to Rs. 320 cr: PL Capital

PL Capital has come out with its second quarter (July-September’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects Tata Steel to report net profit at Rs. 320 crore down 31.4% year-on-year (down 70.2% quarter-on-quarter).

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.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 25.2 percent Y-o-Y (down 20.2 percent Q-o-Q) to Rs. 5,340 crore.

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