HomeEarnings NewsTata Steel Q3 Earnings: Here's what to expect

Tata Steel Q3 Earnings: Here's what to expect

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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.

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