India–US Trade Tensions Rise Over Steel and Auto Tariffs NMDC Limited reports a 38% drop in Q4 FY24 consolidated net profit RINL to Raise $23 Million Through Land Sales Amid Crisis
Stock Performance: Up 3% ahead of earnings release.
Analyst Projections: Mixed expectations for net profit and revenue.
Dividend Watch: Board to consider dividend proposal today.
Tata Steel's share price was trading at ₹146.00, up from the previous close of ₹142.75. The stock has gained approximately 7% over the past month and 4.4% year-to-date, indicating a positive trend leading up to the earnings release
Analysts have provided varied projections for Tata Steel's Q4 performance:
Net Profit: Estimates range from a decline of 18% to 46% year-on-year, with figures between ₹459 crore and ₹1,399 crore .
Revenue: Expected to decrease by 3.2% to 9% year-on-year, falling between ₹53,212 crore and ₹56,806 crore .
EBITDA: Projections suggest a modest decline of 1.4% to 6.5% year-on-year, with figures around ₹6,383 crore to ₹6,520 crore
The company's domestic operations are anticipated to show resilience, supported by stable demand and lower coking coal prices. However, challenges persist in European markets, particularly in the UK, where operations are expected to report continued losses .
Emkay Global anticipates a significant 84% year-on-year increase in net profit to ₹1,129.53 crore, attributing this to improved flat realizations and coking coal cost benefits. Conversely, Nuvama projects an 18% decline in adjusted net profit to ₹990 crore, citing pressures from European operations .
Also Read : Govt's capex thrust key to bridge infra gap as pvt investment still weak: Former NITI VC Rajiv Kumar Supreme Court Scraps JSW Steel’s Resolution Plan for Bhushan Steel Assets; ED Reclaims Control