Motilal Oswal
    NIFTY 50
Motilal Oswal

Tata Steel Q3 results today: Top 3 things to watch

Updated : February 08, 2019 04:50 PM IST

Tata Steel will be on the watchlist ahead of its third-quarter results on Friday and analysts expect the company to report double-digit revenue growth this time around.

Click here to catch the Q3 results of Tata Steel

  • Topline growth that the street is working with is around 23 percent odd, margins should expand by around 50-100 basis points (bps) and profit number at around Rs 2,200 crore is expected.

  • In terms of geographical breakout, India is the most important piece. The provisional numbers in terms of the sales volumes has seen a downtick of close to around 10 percent. So sales volumes for all the geographies are lower on a year-on-year (YoY) basis but realisations will drive the performance.

  • That is why the EBITDA per tonne is going to come higher on a YoY basis, should come in at around Rs 16,600 on a per tonne basis. It looks good on a YoY basis though on a sequential basis, it will see a correction around Rs 1,500-2,000. International prices have corrected which doesn’t help.
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more
Live TV