Tata Steel Q4 Results Preview: Net Profit May More Than Double Sequentially

Tata Steel Ltd. is expected to see a strong set of numbers sequentially in the fourth quarter of financial year 2025. Analysts tracked by Bloomberg expect the steel maker's bottom line to almost triple to Rs 1,167 crore, compared to Rs 415 crore in the previous quarter.

Analysts expect the company's realisations to improve marginally quarter-on-quarter on better steel prices. While, Ebitda per tonne is expected to expand on lower costs.

Tata Steel Expected Q4 FY25 Results (Consolidated, QoQ)

• Revenue may rise 7.6% to Rs 57,289 crore vs Rs 53,231 crore.

• Ebitda may rise 12% to Rs 6,615 crore vs Rs 5,904 crore.

• Margins at 11.5% vs 11.1%.

• Net profit may rise 2.8 times to Rs 1,167 crore vs Rs 415 crore.

Ebitda Per Tonne

Brokerages like Nuvama Research and Kotak Securities expect Ebitda per tonne from Tata Steel's domestic businesses to rise in the range of 9% to 13% on a quarter-on-quarter basis.

India business' Ebitda per tonne is expected to range between Rs 12,300- Rs 12,800 per tonne.

Expectations For Tata Europe

Analysts expect Tata Steel's UK arm to continue seeing an Ebitda loss in Q4 FY25. They expect this loss to widen on a quarterly basis.

For the Netherlands operations, analysts seem convinced that the arm could achieve Ebitda break-even status.

Key Focus Areas To Watch Out For:

• Coking coal prices for the upcoming quarter.

• KPO 2 ramp-up status.

• Status of UK business transition.