BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
On a standalone basis, Tata Steel Ltd.'s revenue/Ebitda/adjusted profit after tax grew 73%/33%/40% YoY to Rs 367 billion/Rs 122 billion/Rs 79 billion in Q4 FY22.
Revenue and Ebitda were broadly in line, while adjusted profit after tax was 9% above our estimate, led by a marginal 4% beat on Ebitda, lower-than-estimated finance cost, as well as higher other income.
On a consolidated basis, Tata Steel reported a revenue/Ebitda/adjusted profit after tax of Rs 693 billion/Rs 150 billion/Rs 100 billion in Q4 FY22, up 39%/6%/31% YoY.
The consolidated result was in line as other segments and forex adjustments offset the beat in its European result.
One-time provisioning of Rs 13.4 billion (Rs 5.4 billion towards inventory write-off and Rs 8 billion towards shortfall in meeting its mining dispatch target after the acquisition of mines) was made in other subsidiaries.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BQ Prime 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 author entity and do not represent the views of BQ Prime.
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