Tata Steel Q1 cons operating profit seen at Rs 1,904 cr
Tata Steel Q1 cons operating profit seen at Rs 1,904 cr; Net sales are seen going down 47% at Rs Rs 22,882 crore from Rs 43,508 crore
Tata Steel Q1 cons operating profit seen at Rs 1,904 cr
Tata Steel is set to announce its Q1FY10 consolidated numbers. According to CNBC-TV18 estimates, its operating profit is expected to go down at Rs 1,904 crore versus Rs 6,987 crore, YoY.
Net sales are seen going down 47% at Rs Rs 22,882 crore from Rs 43,508 crore. Operating profit margin (OPM) is seen declining to 8% versus 16%.
The company’s net may be in a range between Rs 500 crore profit to loss of Rs 250 crore. It has guided that Q1 in Europe to be like Q4FY09. Corus expected to be EBIDTA positive and its cost reduction measures is going to provide some relief.
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