Tata Steel Q1 Results Preview: Net profit likely to surge 82% to Rs 1,155 crore; margin may expand by 100 bps

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.

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. 

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. 

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.  

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. 

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. 

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.