Tata Steel Ltd., incorporated in the year 1907, is a Large Cap company (having a market cap of Rs 45732.74 Crore) operating in Metals – Ferrous sector.
For the quarter ended 30-06-2020, the company reported a Consolidated sales of Rs 24288.51 Crore, down 28.08 % from last quarter Sales of Rs 33769.95 Crore and down 31.35 % from last year same quarter Sales of Rs 35382.16 Crore. The Company reported net profit after tax of Rs -4663.13 Crore in latest quarter.
For Q2FY21, the brokerage expects Tata Steel’s standalone operations to report an EBITDA/tonne of | 12000/tonne (compared to EBITDA/tonne of | 5920/tonne in Q1FY21 and | 11200/tonne in Q2FY20). Indian operations (standalone) are expected to report steel sale of 3.6 million tonne (MT) while European operation steel sales are likely to come in at 2.3 MT. Additionally, Bhushan Steel is expected to report a sales volume of 1.3 MT. The brokerage expects European operations to report a negative EBITDA/tonne of US$35/tonne. On a consolidated basis, the topline is expected to increase 0.3% YoY and 42.8% QoQ to | 34678 crore. The consolidated EBITDA is expected to increase 11.9% YoY to | 4495 crore. Consolidated EBITDA margins are likely to come in at 13.0% (compared to 2.1% in Q1FY21 and 11.6% in Q2FY20)
Promoters held 34.41 per cent stake in the company as of March 31, 2020 while FIIs held 12.39 per cent, DIIs 29.36 per cent and public and others 29.32 per cent.
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