Tata Steel Q4 PAT may dip 51.2% YoY to Rs. 1,617.6 cr: ICICI Direct
ICICI Direct has come out with its fourth quarter (January-March’ 19) earnings estimates for the Metals & Mining sector. The brokerage house expects Tata Steel to report net profit at Rs. 1,617.6 crore down 51.2% year-on-year (down 7.7% quarter-on-quarter).
Net Sales are expected to increase by 16.8 percent Y-o-Y (up 2.4 percent Q-o-Q) to Rs. 42,209.2 crore, according to ICICI Direct.
Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 0.2 percent Y-o-Y (down 3.2 percent Q-o-Q) to Rs. 6,508.7 crore.
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