BQ Blue's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer BloombergQuint's subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tata Steel Ltd.'s FY20 annual report analysis highlights its weak operating performance in a challenging environment, with standalone/consolidated Ebitda declining 27.7%/40.5% YoY to Rs 149 billion/Rs 175 billion.
This includes forex gains of Rs 7.1 billion (FY19 loss of Rs 7.9 billion), recognized as part of other expenses.
The decline was primarily led by Tata Steel Europe (TSE), wherein Ebitda turned negative 69 million British pound sterling (FY19 up 576 million British pound sterling).
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