Tata Steel Results News

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Tata Steel Q2 Results Review: Earnings in-line, losses in Europe business likely to decline going forward

Tata Steel Q2 results mostly met expectations with a net loss of ₹6,196.24 crore and a 7% drop in revenue from operations. US brokerage house Citi has downgraded Tata Steel’s rating to ’Sell’ and reduced the target price due to concerns over steel prices and leverage conditions.

4 min read3 Nov 2023
Companies

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.

2 min read5 Feb 2023

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