Tata Steel share price

Investors may focus on the management's guidance on European operations, and the impact of the depreciating GBP.

Tata Steel closed Rs 2.6 lower at Rs 101.6 at The National Stock Exchange (NSE) on October 28. Investors may focus on the management’s guidance on Tata Steel’s European operations, and the impact of the depreciating GBP. Tata Steel India's deliveries stood at 4.91 MT, up 7 percent YoY and up 18 percent QoQ post de-stocking by dealers in Q1FY23 due to falling steel prices. Additionally, the duty on exports hurt the industry as a whole. Compared to the preceding quarter, the fall is expected to be 60 percent. But the jump in input costs severely dented the margins and profitability for the quarter.

Tata Steel, given that it is an integrated player, tends to get hit more when steel prices fall and benefits more when steel prices rise because it is not ...

So the key will be on the profit growth and that will be important for the stock to sustain. The kind of response all the new models are getting shows it is an industry trend which Maruti is also trying to ride now. I think it is an industry trend that we have seen on the SUV side. [stocks](/definition/stocks)take it on the chin. I think that is the major reason why India has outperformed so much because in any case, growth like technology stocks weightages or the kind of stocks which got listed in the US, etc, have not been there in India. Maruti has decisively indicated that they are not in this rat race to regain or retain market share. On the other hand, we have seen that this quarter, results have broadly lagged expectations. Till the festival season at least, the demand was strong. The margin improvement story was imminent, given the fall in the commodity prices. So these have been the major reasons. Back home, we have seen the growth Indian financial companies obviously are placed very well fundamentally given the high capital adequacy of most banks, record low NPA levels and increasing margins as the rate cycle moves up.

Consolidated revenue fell by around 1% to Rs 59877.5 crore. However, the topline was higher than ET Now poll of Rs 54298 crore.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). Meanwhile, there were visible positive signs for demand in India during the festive season, and it is expected to further improve on recovery in key sectors. Steel prices in Europe are likely to be affected by seasonality and recessionary concerns, while supply cuts should drive better market balance. However, sales volumes were lower on a QoQ basis in Europe due to seasonal factors and subdued demand in the continent. Energy costs in Europe continue to remain a key watchpoint,” he said. Despite these headwinds, the steel major saw the best-ever domestic sales, enabled by a strong product portfolio and an extensive distribution network.

Homegrown steel major Tata Steel on Monday reported a consolidated profit after tax (PAT) of ₹1,514 crore for the quarter ended September 2022 on the back ...

For the September quarter, the company's revenue is likely to decline in the mid-single-digits, while net profit may see a complete erosion compared to the same ...

Commentary on Tata Steel's volatile European operations and the impact of a depreciating pound against the US Dollar will be keenly awaited. Tata Steel announced in March this year that it will invest Rs 1 lakh crore to double its steelmaking capacity at its plants in Angul, Kalinganagar and Jamshedpur to achieve the 40 million tonne target. A key monitorable will be Tata Steel's debt status post the acquisition of Neelachal Ispat Nigam or NINL, which was done through its step-down subsidiary Tata Steel Long Products. Last week, rival JSW Steel reported a net loss for the September quarter due to falling steel prices. India business volumes are seen at 4.6 million tonnes, a growth of 4 percent from last year and 18 percent compared to the June quarter. Part of the weak results are likely due to lower steel realisations.

Quarterly Results, Q2FY23 earnings: Quarterly Results and Q2FY23 earnings of many big business entities were announced on Monday i.e. 31st October 2022.

"The Indian automotive industry is showing signs of revival and our customers are also ramping up production. In a separate statement, the firm's Managing Director Chander Agarwal said: "Quarter started on a positive note. Here are all the DETAILS, Latest News on Quarterly Results, Q2FY23 earnings announcements and September Quarter FY 23 Financial Details of TATA STEEL, BHARTI AIRTEL, LARSEN & TOUBRO, and Others. Q2FY23 Earnings of TATA STEEL, BHARTI AIRTEL, LARSEN & TOUBRO And Others were declared on Monday i.e. Quarterly Results, Q2FY23 earnings: Quarterly Results and Q2FY23 earnings of many big business entities were announced on Monday i.e. Saregama's total income was up 30.37 per cent to Rs 189.16 crore during the quarter under review as against Rs 145.09 crore in the corresponding period of the previous fiscal. It had posted a net profit of Rs 33.80 crore in the July-September quarter last fiscal, Saregama said in a regulatory filing. Q2FY23 results of these companies were highly anticipated in the wake of developments that unfolded in the last September Quarter of FY23. Total expenses were higher at Rs 1,689.77 crore as compared to Rs 1,229.76 crore in the same quarter a year ago. The company's PAT stood at Rs 34 crore in the corresponding quarter of the previous financial year, TCI Express said in a BSE filing. The earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at Rs 54 crore as compared to Rs 48 crore in the second quarter of 2021-22. The company's net profit stood at Rs 12,547.70 crore in the corresponding period of the previous financial year, Tata Steel said in a BSE filing.

A slew of companies is lined up on Monday to declare their quarterly results. Benchmark indices made a strong opening on Monday, extending gains to the ...

We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. JP Morgan expects a strong quarter for the company led by its engineering and construction business. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. Moreover, a strong tender pipeline from the domestic and export markets is likely to drive order inflows. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Market observers are watching for the management’s guidance on Europe operations and the impact of the depreciating British pound (against the dollar). The telecom company is likely to report a good set of numbers. According to an estimate by analysts at IIFL Securities, the company added 6.5 million 4G subscribers in Q2 versus 4.5 million in Q1. In addition, the duty on exports hurt the industry as a whole in India. Emkay Global sees Airtel’s profit doubling to ₹ 2,274.90 crore and its sales climbing 19.2 per cent to YoY to Rs 33,752 crore. A slew of companies is lined up on Monday to declare their quarterly results.

Tata Steel Share Price: आज टाटा स्टील ने सितंबर तिमाही के लिए रिजल्ट का ऐलान किया है.

वित्त वर्ष 2021-22 की दूसरी तिमाही में यह 47,239.63 करोड़ रुपए था. स्टील कंपनी ने इससे पिछले वित्त वर्ष की समान तिमाही में 12,547.70 करोड़ रुपए का शुद्ध लाभ कमाया था. Tata Steel Share Price: देश की प्रमुख स्टील कंपनी टाटा स्टील का चालू वित्त वर्ष की सितंबर तिमाही में एकीकृत शुद्ध लाभ करीब 90 फीसदी घटकर 1297 करोड़ रुपए रह गया.

For the quarter that ended in September 2022, domestic steel giant Tata Steel announced a combined profit after tax (PAT) of Rs.1514 crore on Monday.

The large cap stock has dropped 9.13% in 2022 after falling 23.29% in a year. For the past two sessions, the Tata Group stock has been declining. For the quarter that ended in September 2022, domestic steel giant Tata Steel announced a combined profit after tax (PAT) of Rs.1,514 crore on Monday.

Consolidated revenue remained flat with a marginal decline of one percent year-on-year to Rs 59878 crore.

The stock is currently trading at 4.8x FY23 EV/EBITDA and 1x P/B. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. The Q2 was below estimates as a weak India offset strong Europe.