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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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.

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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