Tata Steel Q4 Review - Earnings, Balance Sheet On Strong Trajectory: Prabhudas Lilladher

"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..Prabhudas Lilladher Report.Tata Steel Ltd. reported Q4 FY22 Ebitda below our estimates by 13% at Rs 158.9 billion (down 5.4% QoQ/up 6% YoY). The miss was primarily due to lower than expected margins in India operations and one-time provision of Rs 13.4 billion in Tata Steel mining, the mining subsidiary. While Tata Steel Europe delivered strong beat of 47% on back of higher prices. Continued relaxation of policies for real-estate sector and front loading of infrastructure spending reflects visible pressure on Chinese authorities to stimulate economic activity given the meaningful slowdown witnessed over last couple of quarters and reemergence of Covid-19.While, concerns on oversupply resulting from contraction in demand were addressed by commensurate curbs on production by authorities. Unlike past, this limited the intensity of Chinese mills to dump steel in exports markets. .Click on the attachment to read the full report:.DISCLAIMERThis 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."

Tata Steel Q4 Review - Earnings, Balance Sheet On Strong Trajectory: Prabhudas Lilladher