Sakshi Batra does a 3 point analysis to find out what led to the robust performance of the company in a seasonally weak quarter.
Consolidated net sales grew 7.4 percent year-on-year to Rs 36,369 crore in three-month period ended September 2013.
Analysts expect the company to report consolidated profit after tax at around Rs 339 crore in second quarter as against net loss of Rs 364 crore in a year ago period. Net sales are seen going up by 3.1 percent year-on-year to Rs 34,904 crore in the quarter gone by.
Tata Steel's dismal Q2 results did not shock analyst SP Tulsian. Infact, he doesn't expect the market reacting too negatively to these numbers either.