Tata Steel Q2 PAT seen up 647% YoY to Rs 12,206 cr: ICICI Direct

ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Metal & Mining sector. The brokerage house expects Tata Steel to report net profit at Rs 12,206 crore up 647% year-on-year (up 25% quarter-on-quarter).

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.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 231 percent Y-o-Y (up 25 percent Q-o-Q) to Rs 20,212 crore.

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