Tata Steel expected to report net profit in Q3 to Rs 120 crore

NEW DELHI: Tata Steel, which is scheduled to report its results for the quarter ended December 2016 later on Tuesday, may report a net profit of Rs 120 crore compared with a loss of Rs 2,217 crore reported in the year-ago period, according to a poll conducted by ET Now.

Total net sales are expected to grow by 4.6 per cent on a year-on-year (YoY) basis to Rs 29,105 crore for the quarter ended December 31 compared with Rs 27,818 crore reported in the year-ago period.

At 12:20 pm; Tata Steel was trading 0.4 per cent higher at Rs 474.70.

The Consolidated EBITDA ( earnings before interest, tax, depreciation, and amortisation) is likely to grow by 305 per cent on a YoY basis to Rs 3,150 crore for the quarter ended December 31, compared with Rs 775.92 crore reported in a corresponding quarter of last fiscal.
EBITDA expected at `3,150 cr vs `775.9 cr

According to an analysts' poll by ET Now the EBITDA margin gross revenue is expected to expand to 10.8 per cent for the December quarter due to higher realisations, compared with 2.8 per cent reported in the year-ago period.