Tata Steel's consolidated net revenue rose by 9.5% sequentially to Rs32,464 crore but its Ebitda declined by 4.3%, mainly due to a decline of 39.9% in Europe
Tata Steel Ltd’s investors will hope fervently that its European joint venture with Thyssenkrupp AG goes through. In the September quarter, Tata Steel’s India operations saw per tonne Ebitda (earnings before interest, tax, depreciation and amortization) increase by 4.3% sequentially. Sure, some of that is due to its capacity ramping up. But Europe, even if you consider this was a seasonally weaker quarter, saw per tonne Ebitda decline by 44.4% sequentially and by 42.3% over a year ago.
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