By Nigel D'Souza February 7, 2020, 8:27:09 AM IST (Published)
Kolkata-based steel manufacturer Tata Steel is set to declare its third-quarter results on Friday. Here are the key expectations:
On the topline, a degrowth of close to 16 percent is expected.
The operating profit will likely be down nearly around 14 percent, the margins will be compressed by around 500 basis points (bps).
The street is working with a very wide range — from a net profit to a net loss.
The India business has shown a good growth in sales of close to around 24 percent.
On the EBITDA front, on a year-on-year (YoY) basis as well as on a sequential basis, it will see compression. The street is working with a number of around Rs 10,300 on a per tonne basis.
European business has been struggling and the sales volumes are down by close to around 2 percent. The EBITDA per tonne will likely be absolutely flat.