Tata Steel Q4 PAT may dip 40.5% YoY to Rs. 1,010 cr: Prabhudas Lilladher

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 24) earnings estimates for the Metal & Mining sector. The brokerage house expects Tata Steel to report net profit at Rs. 1,010 crore down 40.5% year-on-year (up 70.1% quarter-on-quarter).

Net Sales are expected to decrease by 4.1 percent Y-o-Y (up 9.1 percent Q-o-Q) to Rs. 60,360 crore, according to Prabhudas Lilladher.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 14.6 percent Y-o-Y (down 1.6 percent Q-o-Q) to Rs. 6,160 crore.

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