Tata Steel Q4 PAT seen up 37% YoY to Rs. 9,808 cr: ICICI Direct

ICICI Direct has come out with its fourth quarter (January-March’ 22) earnings estimates for the Metal & Mining sector. The brokerage house expects Tata Steel to report net profit at Rs. 9,808 crore up 37% year-on-year (up 2% quarter-on-quarter).

Net Sales are expected to increase by 35 percent Y-o-Y (up 11 percent Q-o-Q) to Rs. 67,710 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 17 percent Y-o-Y (up 5 percent Q-o-Q) to Rs. 16,632 crore.

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