Tata Steel Q4 Results Review - Healthy India Operations; Encouraging Signs In Europe: IDBI Capital

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..IDBI Capital Report.Tata Steel Ltd. Q4 FY24 Ebitda was ahead of our and street forecast as India operations reported stronger than expected margins. India sales volumes increased by 11% QoQ at 5.42 million tonnes; nevertheless, Ebitda/tonne dropped 10.8% QoQ to Rs 15,080.However, European operations profitability continued to remain weak but losses declined in Q4 FY24. U.K reported Ebitda loss of Rs 5,614/tonne in Q4 FY24 versus loss of Rs 26,063/tonne in Q3 FY24 on carbon credit of GBP51 million.Also, Netherlands operations reduced its Ebitda loss to Rs 2,063/tonne in Q4 FY24 versus loss of Rs 9,370/tonne in Q3 FY24. Tata Steel expects Netherland operations to turn Ebitda positive from Q1 FY25 onwards, while UK operation to break even in Q3 FY25 onwards.We cut FY25 earning per share estimate by 6% and increase FY26 earning per share forecast by 5%. We revise our SOTP-based target price to Rs 143 (earlier Rs 138) and maintain our 'Hold' rating on the stock..Click on the attachment to read the full report:.Adani Stocks Rise, Add Over Rs 84,000 Crore In Market Cap.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 - Healthy India Operations; Encouraging Signs In Europe: IDBI Capital

Tata steel has given net volume guidance for consolidated business at 1.4 million tonnes.

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Tata Steel Q4 Results Review - Healthy India Operations; Encouraging Signs In Europe: IDBI Capital

Tata steel has given net volume guidance for consolidated business at 1.4 million tonnes.

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