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    HomeNewsBusinessEarningsTata Steel Q2 PAT seen at Rs 580cr: KR Choksey

    Tata Steel Q2 PAT seen at Rs 580cr: KR Choksey

    Tata Steel's Q2 sales are expected to increase by 8 percent Q-o-Q (up 3 percent Y-o-Y) to Rs 35327 crore.

    November 13, 2013 / 11:34 IST
       
       
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      KR Choksey has come out with its second quarter (July-September) earnings estimates for the metal sector. The brokerage house expects Tata Steel to report a 48 percent degrowth quarter-on-quarter in net profit at Rs 580 crore.


      Sales of Tata Steel are expected to increase by 8 percent Q-o-Q (up 3 percent Y-o-Y) to Rs 35327 crore, according to KR Choksey.


      Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14 percent Q-o-Q (up 38 percent Y-o-Y) to Rs 3179 crore.


      EBITDA margin or operating profit margin is likely to be at 9 percent in September quarter as against 11 percent in June quarter and 7 percent in a year ago period.


      KR Choksey's Report on Tata Steel:


      Pick-up in sales volume in European market and strong domestic operations to reflect on top-line growth.


      EBITDA income to increase due to expectation of better European performance after a several cost saving measures.

      Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

      first published: Nov 13, 2013 11:34 am

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