Tata Steel Q4 Review - Strength In Steel Prices Augurs Well: ICICI Direct
Steel works operated by Tata Steel in U.K. (Photographer: Chris Ratcliffe/Bloomberg)

Tata Steel Q4 Review - Strength In Steel Prices Augurs Well: ICICI Direct


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ICICI Direct Report

Tata Steel Ltd. reported a healthy operational performance in Q4 FY21.

In Q4, topline of consolidated operations was at Rs 49,977 crore (up 39% YoY, 19% QoQ), higher than our estimate of Rs 47,745 core.

Tata Steel India’s delivery volumes for Q4 FY21 were at 4.67 million tonnes, up 16% YoY, flattish QoQ.

For Q4 FY21, the company's India’s domestic deliveries increased 22% YoY to 4.16 million tonnes while export volume for the quarter was at 0.51 million tonnes (exports accounting for ~11% of overall deliveries for quarter).

For Q4FY21, Tata Steel European operations deliveries improved 3% YoY, 17% QoQ to 2.47 million tonnes.

Click on the attachment to read the full report:

ICICI Direct Tata Steel Q4FY21 Result Update.pdf


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