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Strong volumes in India and better prices across Europe help Tata Steel dazzle with its fourth quarter performance. Consolidated profits surged to almost Rs 4,200 crore - that's an over 70% jump year-on-year. Sales too came in above estimates at Rs 33,300 crore.
Tata Steel Q4FY11 consolidated sales are seen up 21% at Rs 32965 cr versus Rs 27225 cr.
In an interview with CNBC-TV18, Tarang Bhanushali, Research Analyst, IIFL says, Sterlite Industries is expected to report robust numbers in Q4. “We have a buy rating on the stock. We believe that the company’s earnings would be robust going ahead,” he adds.
Angel Broking has come out with its earning estimates on metal sector for the quarter ended March 2011. According to the research firm, Tata Steel March quarter net sales are expected to go up by 16.3% at Rs 31,986 crore, year-on-year, (YoY) basis.
Motilal Oswal has come out with its earning estimates on metals sector for the quarter ended March 2011. According to the research firm, Tata Steel March quarter sales are expected to go up by 27.7% at Rs 35119.1 crore, year-on-year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on metals & mining sector for the quarter ended March 2011. According to the research firm, Tata Steel March quarter sales are expected to go up by 24.6% at Rs 34261.3 crore, year-on-year, (YoY) basis.
PINC Research has come out with its earning estimates on Metal-Ferrous (Steel) sector for the quarter ended March 2011. According to the research firm, Tata Steel March quarter revenue are expected to go up by 12.6% at Rs 30957.9 crore, Year-on- Year, (YoY) basis.
Talking on the global demand avenues for steel, the company sees rising demand in Europe, which would fall between 3%- 5% this year.
Tata Steel is to announce its third quarter results. According to CNBC-TV18’s estimates, the company’s Q3FY11 consolidated revenues are seen down 6.52% at Rs 26776.84 crore versus Rs 28646.19 crore, quarter-on-quarter, q-o-q.
Angel Broking has come out with its earning estimates on Metal sector for the quarter ended December 2010. According to the research firm, Tata Steel December quarter sales are expected to go up by 6.6% at Rs 27800 crore, Year-on-Year, (YoY) basis.
Prabhudas Lilladher has come out with its earning estimates on the metals & mining sector for the quarter ended December 2010. According to the research firm, Tata Steel's December quarter net sales are expected to go down by 1.2% to Rs 25,755.1 crore, Year-on-Year, (Y-o-Y) basis.
Angel Broking has come out with its earning estimates on metal sector for the quarter ended December 2010. According to the research firm, Tata Steel's December quarter net sales are expected to go up by 6.6% to Rs 27,800 crore, Year-on-Year, (Y-o-Y) basis.
PINC Research has come out with its earning estimates on metal sector for the quarter ended December 2010. According to the research firm, Tata Steel December quarter consolidated sales are expected to go up by 3.3 % to Rs 27059.4 crore, Year-on-Year, (Y-o-Y) basis.