5 in 5: Should you still buy Tata Steel post Q4 results?

  • Tata Steel EBITDA in March quarter surpassed consensus estimates primarily on better-than-expected Europe performance. Tata Steel Ltd has done well in the March quarter, despite cost pressures and weak product prices. Consolidated adjusted operating profits increased 8.3% sequentially even as profitability per tonne dropped 6.9%. Mint's Nasrin Sultana speaks to Amit Dixit, analyst, Edelweiss on Tata Steel Q4 results.