Tata Steel Q3 preview: PAT likely to post double-digit drop YoY, European operations may see EBITDA loss
Overall, Tata Steel may record a decline across parameters such as revenue, EBITDA, and profit after tax (PAT) during Q3. Steel sales volumes may perform on a mixed note.
One of the leading steel manufacturing companies of India, Tata Steel is likely to witness yet another weak quarter for the period ending December 31, 2022 (Q3FY23). The Tata Group-backed steelmaker's net profit may decline more than half on a quarter-on-quarter basis. The year-on-year drop is likely to be massive. Its European operations are also seen to post EBITDA loss.