Tata Steel Q4 Review - Deleveraging To Drive Near-Term Equity Returns: Systematix

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Systematix Research Report.Tata Steel Ltd.’s Q4 FY22 consolidated adjusted Ebitda of Rs 159 billion (up 14% YoY, flat QoQ) was in line with our estimates. Standalone India operations reported Ebitda of Rs 125 billion (up 2% YoY, up 1% QoQ), while that of the Europe operations at Rs 43 billion (up 264% YoY and 48% QoQ). Tata Steel's earnings were driven by a 35% YoY growth in realisations and higher volumes, offset by higher costs (up 52% YoY). India and Europe operations reported Ebitda margin of $335/tonne (down 7% YoY and down 12% QoQ) and $245/tonne (up 270% YoY and up 33% QoQ), respectively. Consolidated gross debt was lower by Rs 152 billion during FY22 at Rs 755 billion; net debt as of FY22 amounted to Rs 512 billion. Higher coking coal prices led to margins in the domestic steel business falling for the second consecutive quarter. .Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Tata Steel Q4 Review - Deleveraging To Drive Near-Term Equity Returns: Systematix

Tata Steel Q4 Review - Deleveraging To Drive Near-Term Equity Returns: Systematix

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