INSUBCONTINENT EXCLUSIVE:
Higher than anticipated revenues, paced by increased realisation across geographies and aided in part by the consolidation of Bhushan
year-on-year, but sharply below expectations of Rs 2,700 crore.
The Tata Steel stock, which has already corrected more than a fifth from its
peak, factors in the negatives
Yet, the earnings do not offer any meaningful triggers
of alignment that is going on in the commercial space
Tata Steel also pointed out that while the demand from steel consuming sector in India remains strong, rising imports remain a cause of
Overall EBIDTA/tonne at Rs 10,011 was marginally lower than expected
expectations because of higher realisations across geographies.
However, higher cost of raw materials affected margins
EBIDTA was 33 per cent higher, but marginally lower than expected
EBIDTA margin at 17.3 per cent disappointed.
