Tata Steel Q4 result today: Revenue expected to grow 20 per cent

Tata Steel will report fourth-quarter earnings for the financial year 2018-19 on Thursday, April 25, 2019. Zee Business research expects that the steel maker’s revenue will grow by about 20 per cent from Rs 36,132 crore to Rs 43,313 crore (YoY). The revenue growth will be backed by the volume growth of around 15-18 per cent (about 3.03MT) in the domestic market. 

India’s second largest private steelmaker by capacity, Tata Steel’s profit after taxes (PAT) is expected to go up by 26.9 per cent to Rs 1864 crore from 1468.8 crore in the corresponding same quarter of the previous financial year. However, interest, depreciation in expenses and tax rates will have an impact on adjusted PAT of the company, which may decline 24.5 per cent to Rs 2433 crore from Rs 3263.3 crore. Last year’s problems at the Kalinganagar plant had put pressure on the profits of the company. 

Its earnings before interest, tax, depreciation and amortization (EBITDA) will go up by 3.6 per cent YoY to Rs 6813 crore from Rs 6570 crores. Besides, the margin has eroded from 18 per cent to 15.7 per cent due to a fall in prices in the domestic market, which had a negative impact on realisation. 

Earlier on April 6, 2019, the company said that it's crude steel production from Indian operations 4-million-ton mark during the year; the production increased by 9.4%YoY mainly due to higher mill availability with improvement in maintenance practices and uninterrupted raw material supply.

It also said that FY19 sales grew by 6.5% per cent YoY with higher production, and many new initiatives taken in the market place like the launch of branded products, value-added products and new customer acquisition. 4QFY19 Sales increased by 23%YoY and 25%QoQ.