Tata Steel Q1 Results Preview: Net profit likely to surge 82% to Rs 1,155 crore; margin may expand by 100 bps
Tata Steel Q1 Results Preview: Tata group steelmaker Tata Steel is expected to register an 82 per cent jump in its consolidated net profit for the April-June period. Here's what else to expect in the steel giant's upcoming earnings report, due on July 31.
Tata Steel Q1 Results Preview: Mumbai-headquartered Tata Steel is set to report its financial results for the quarter ended June 30 on Wednesday, July 31. Analysts expect the Tata group steel giant to stage a strong financial performance for the first three months of FY25 on the back of steady growth in total volumes on the back of its domestic business.
Here's what you can expect from the Tata group steel major in the first quarter of the current financial year:
Tata Steel Q1 FY25 Results Preview | Net profit likely to jump 82%
According to Zee Business research, Tata Steel is estimated to register a consolidated net profit of Rs 1,155 crore for the April-June period, which translates to a surge of 82 per cent over the corresponding period a year ago.
Tata Steel Q1 FY25 Results Preview | Revenue may decline 2%
Zee Business analysts expect Tata Steel's revenue to come in at Rs 58,391 crore for the April-June period, as against Rs 59,490 crore for the year-ago period.
Tata Steel Q1 FY25 Results Preview | EBITDA growth pegged at 16%
The Tata group steel major's June-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA) are estimated at Rs 6,024 crore, marking growth of 16.4 per cent on a year-on-year basis, according to the research.
Tata Steel Q1 FY25 Results Preview | Margin estimated to expand by 100 bps
Zee Business analysts expect Tata Steel to log a margin of 10 per cent for the fiscal first quarter, as against 9.0 per cent for the year-ago period.
Tata Steel Q1 FY25 Results Preview | Volume growth
The analysts estimate the steelmaker's total volume to come in at at 7.46 MT for the June quarter, up 3.9 per cent on a year-on-year basis, with 3.1 per cent and 4.2 per cent expansion in domestic and European numbers, respectively, according to the research.
Tata Steel Q1 FY25 Results Preview | EBITDA per tonne
According to Zee Business research, Tata Steel's EBITDA per tonne is estimated at Rs 14,077 for its domestic operations and $37 for its European unit.
Tata Steel Shares | Historical performance
As of July 30, Tata Steel shares have grown 17.7 per cent in value so far in 2024, outperforming a 14.3 per cent rise in the headline Nifty50 index but underperforming a 18.4 per cent rally in the Nifty Metal gauge.