Preview of Tata Steel’s Q4 FY24 Results: According to stock 24 news study, the largest steel company in the Tata group, Tata Steel, is expected to report a 20% year-over-year decline in its consolidated net profit to Rs 1,354 crore for the fourth and final quarter of FY24. The steelmaker’s quarterly margin is estimated by analysts to be 10.67 percent, down from 11.46 percent a year earlier. Continue reading to find out more about what to anticipate from the alloy manufacturer’s next earnings release.
Tata Steel's Q4 Results (20%) decline in net profit and a 5% decline in domestic EBITDA per tonne are expected.
Preview of Tata Steel’s Q4 FY24 Results: The steel manufacturer owned by the Tata Group, Tata Steel, is prepared to release its financial results for the quarter and the year that ended. March 31 on May 29, a Wednesday. Analysts predict that during the last three months of FY24, the steel giant would report a poor financial performance.
According to stock 24 news Tata Steel’s Q4 Results (20%) decline in net profit
Based on analysis by stock 24 news, Tata Steel is predicted to report a consolidated net profit of Rs 1,354 crore for the March quarter, which represents a 20% decrease from the same period last year. Analysts predict that the Tata Group company’s revenue for the March quarter will be Rs 61,096 crore, down from Rs 62,962 crore in the previous year.
According to the research, the alloy manufacturer is predicted to report earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 6,516 crore for the March quarter, a decrease of 9.8% from the same period last year.
Analysts at stock 24 news pinpoint the Tata Group steelmaker’s India EBITDA per tonne, a crucial indicator of income for the Tata group steelmaker, was estimated by stock 24 news experts to be Rs 15,322 for the fourth quarter of FY24, down from Rs 16,160 in the same period last year. Nonetheless, they predict a $3 to $98 increase in the Tata group company’s Europe EBITDA per tonne. Tata Steel’s Q4 Results (20%) decline in net profit and a 5% decline in domestic EBITDA per tonne are expected.
The analysis projects that Tata Steel’s margin, a crucial indicator of profitability, will decrease by 79 basis points annually to 10.67 percent.
stock 24 news study indicates that a sequential improvement in the performance is anticipated.
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