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Tata Steel, one of the ten largest steel companies in the world, has reported lower than expected consolidated net profit of Rs 433.5 crore for the Jan-March quarter of financial year 2011-12, a sharp fall of 89.62%, Year-on-Year.
Tata Steel, one of top 10 largest steel companies in world, is expected to report a consolidated profit after tax of Rs 1,025 crore for the fourth quarter of FY12, down 75% as compared to Rs 4,175 crore in a year ago period, according to CNBC-TV18 poll.
Tata Steel, one of top 10 largest steel companies, is expected to report a consolidated profit after tax of Rs 1,025 crore for the fourth quarter of FY12, down 75% as compared to Rs 4,175 crore in a year ago period, according to CNBC-TV18 poll.
Motilal Oswal has come with its March quarterly earning estimates for Metals sector. As per the research firm, steel prices are expected to soften gradually due to demand slow down in China due to falling fixed asset investment.
KRChoksey has come with its quarterly earning estimates on Metals sector for March 2012. As per the research firm, steel companies are expected to be impacted by rupee depreciation resulting in surging imported coking coal prices.
Tata Steel posted a loss of Rs 687 crore in October-December quarter of FY12 due to higher raw material costs and weak prices in Europe
Rising input costs and pressure from European operations led to dismal quarter, says Tata Steel.
Tata Steel, a part of Tata Group, is expected to report a profit after tax of Rs 224 crore in the October-December quarter of FY12, a massive fall of 78% as compared to Rs 1,030.3 crore in a year ago quarter.
Tata Steel, a part of Tata Group, is expected to report a profit after tax of Rs 224 crore in the October-December quarter of FY12, a massive fall of 78% as compared to Rs 1,030.3 crore in a year ago quarter.
Angel Broking has come with its December quarterly earning estimates for Metal sector. According to the research firm, for Q3FY12, the steel space will continue to face challenges (as witnessed in 2QFY2012) amid high raw-material costs, low demand and ongoing European debt crisis.
KRChoksey has come with its quarterly earning estimates for Metals sector.
Motilal Oswal has come with its December quarterly earning estimates for Metals sector.
Emkay Global Financial Services has come with its December quarterly earning estimates for Metals and Mining sector. According to the research firm, during Q3FY12, the sector is expected to post a revenue growth of 7% on YoY basis and a decline of 5% on a QoQ basis.
Angel Broking has come out with its report on metals. The research firm remains weak on metal space. Tata Steel, Hindalco, Hindustan Zinc and NMDC top picks in metal space.
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.
World's sixth largest steel manufacturer Tata Steel is expected to report a profit after tax of Rs 1,122.5 crore in the second quarter of FY12, a massive fall of 43% as compared to Rs 1,978.8 crore in the corresponding quarter of last fiscal.
Motilal Oswal has come out with its earning estimates on Metal sector for the quarter ended September 2011. According to the research firm, Tata Steel September quarter net sales are expected to go up by 21.8% at Rs 34896.5 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended September 2011. According to the research firm, Tata Steel September quarter net sales are expected to go up by 7.3% at Rs 30730 crore, year-on-year (YoY) basis.
Angel Broking has come out with its earning estimates on metals sector for the quarter ended September 2011. According to the research firm, Tata Steel September quarter net sales are expected to go up by 8% at Rs 30,936 crore, year-on-year (YoY) basis.
Dolat Capital has come out with its earning estimates on metal sector for the quarter ended September 2011. According to the research firm, Tata Steel September quarter consolidated sales are expected to go up by 9.1% at Rs 31261.4 crore, year-on-year (YoY) basis.
Tata Steel's first quarter profits zoomed to Rs 5,300 crore from Rs 1,800 crore clocked in the corresponding quarter last year. Talking about the numbers, group chief financial officer Koushik Chatterjee told CNBC-TV18 he was seeing sign of a slowdown in the global economy.
Tata Steel is expected to report a fall of 10% (YoY) in profits for the first quarter of FY12. During the period, profit after tax of the company is likely to decline to Rs 1,645 crore as against Rs 1,825 crore in the corresponding quarter last fiscal.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended June 2011. According to the research firm, Tata Steel June quarter sales are expected to go up by 13.5% at Rs 30865.2 crore, year-on-year, (YoY) basis.
Angel Broking has come out with its earning estimates on metals sector for the quarter ended June 2011. According to the research firm, Tata Steel June quarter net sales are expected to go up by 27.5% at Rs 34,668 crore, year-on-year, (YoY) basis.
Tata Steel Friday said the underlying performance of its European business in the fourth-quarter (January-March) was much better than in the previous quarter (October-December) mainly due to cost-cutting measures initiated by the company in the aftermath of the financial crisis.