Tata Steel Q4 Results Review - Beat On Earnings; Tata EU Performance Set To Improve Further: Motilal Oswal

NDTV Profit’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 NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Tata Steel Ltd.'s revenue stood at Rs 366 billion (YoY/QoQ: -4%/+5%) against our estimate of Rs 359 billion, primarily driven by improved volumes, which was offset by muted realization. Average selling price stood at Rs 67,592/tonne (YoY/QoQ: -15%/-5%) as compared to our estimate of Rs 68,961/tonne during the quarter. Ebitda stood at Rs 80 billion (YoY/QoQ: -7%/-2%), against our estimate of Rs 74 billion. The beat was due to lower raw material costs. Ebitda/tonne stood at Rs 14,846/tonne (YoY/QoQ: -18%/-12%), against our estimate of Rs 14,132/tonne during the quarter. Tata Steel's adjusted profit after tax for the quarter stood at Rs 47 billion (YoY/QoQ: - 4%/+1%), 27% above our estimate of Rs 37 billion. In Q4 FY24, domestic steel production stood at 5.24mt (YoY/QoQ: +16%/ +2%) and sales at 5.42 mt (YoY/QoQ: +13%/+11%), which were in line with our estimate..Click on the attachment to read the full report:.Tata Steel Q4 Results: Operating Profit Falls 8.6%, But Beat Estimates.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Steel Q4 Results Review - Beat On Earnings; Tata EU Performance Set To Improve Further: Motilal Oswal

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