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Last Updated : Aug 08, 2019 04:12 PM IST | Source: Moneycontrol.com

3-Point Analysis | Tata Steel Q1 review

Despite the issues hurting the steel sector, during the June quarter, Tata Steel recorded a 11 percent year-on-year growth in the group revenues.

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Steel prices in India declined as subdued economic activity, seasonal slowdown and liquidity issues weighed in on the domestic consumption. Higher net imports further worsened the demand-supply balance.

Despite the issues hurting the steel sector, during the June quarter, Tata Steel recorded 11 percent year-on-year growth in the group revenues.

This largely came on the back of strong performance from the India operations which account for around 60 percent of its total revenue.

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Moneycontrol's Sakshi Batra does a 3-Point Analysis of the earnings fineprint and shares an outlook on the company.

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First Published on Aug 8, 2019 04:12 pm
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