Tata Steel Q2 Result Update Highlights: Anand Rathi

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..Anand Rathi Report.The consolidated revenue increased during the quarter by 12.9% quarter-on-quarter and 54.8% year-on-year to ₹ 602.8 billion. Tata Steel Ltd. achieved a new highest ever quarterly consolidated Ebitda of ₹ 164.5 billion, which reflects a margin of 27.3%. The consolidated profit after tax was also one of the highest at ₹ 123.6 billion with a net profit margin of 20.5%. During the quarter, Tata Steel standalone business deliveries improved 10.4 % quarter-on-quarter to 4.58 million tons, while consolidated front steel production fell by 1.4% to 7.77 million tons, steel deliveries increased by 3.9% to 7.39 million tons in Q2 FY22 over Q1 FY22. As compared with Q2 FY21, the steel production is higher by 7.2% but deliveries are lower by 6.8%, despite market demand contraction amidst seasonal weakness, and this is a testament to their strong customer relationships and a superior distribution network..Click on the attachment to read the full report:.DISCLAIMERThis 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 author entity 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.

Tata Steel Q2 Result Update Highlights: Anand Rathi

Tata Steel Q2 Result Update Highlights: Anand Rathi

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