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Tata Steel: A likely fall in September quarter operating performance

Investors need to watch out for the reduction in debt levels and pick-up in volumes as incremental capacities of Tata Steel start coming in

July 27, 2022 / 09:58 IST
Tata Steel | CMP: Rs 964.70 | The stock price jumped 3 percent ahead of its Q1 earnings. India’s largest steel producer is expected to report a year on year decline of 19-32 percent in its consolidated profit after tax (PAT) on July 25, when it will declare its results for the quarter ended June 2022. On a sequential basis, the decline in profit is likely to be more pronounced at 26 – 38 percent. The revenues for the company are likely to grow between 9-16 percent compared to the same period a year ago. On a sequential basis however, the revenues are seen decreasing by 11-16 percent.
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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More