BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Tata Steel Ltd.’s FY20 annual report analysis highlights its weak operating performance in a challenging environment, with standalone/consolidated Ebitda declining 27.7%/40.5% YoY to Rs 149 billion/Rs 175 billion.
This includes forex gains of Rs 7.1 billion (FY19 loss of Rs 7.9 billion), recognized as part of other expenses.
The decline was primarily led by Tata Steel Europe (TSE), wherein Ebitda turned negative 69 million British pound sterling (FY19 up 576 million British pound sterling).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
POPULAR