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.