Motilal Oswal has come out with its third quarter (October-December’ 22) earnings estimates for the Metals sector. The brokerage house expects Tata Steel to report net profit at Rs. 4,291.3 crore down 56.1% year-on-year (up 179.8% quarter-on-quarter).
Net Sales are expected to increase by 5.7 percent Y-o-Y (up 7.3 percent Q-o-Q) to Rs. 64,262.5 crore, according to Motilal Oswal.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 37.5 percent Y-o-Y (up 63.9 percent Q-o-Q) to Rs. 9,931.4 crore.
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