Quarterly Result: Tata Steel Ltd.
Bhagyashree Vivarekar / 12 Nov 2016
Tata Steel Ltd., has ended at Rs. 435.45, down by 1.4 points or 0.32% from its earlier closing of Rs. 436.85 on the BSE.The company's adjusted net profit for the period has come in at Rs 10 cr versus an adjusted net loss of Rs 906 cr during the same quarter of the previous year.
Tata Steel Ltd., has ended at Rs. 435.45, down by 1.4 points or 0.32% from its earlier closing of Rs. 436.85 on the BSE.
The scrip touched a high and low of Rs. 440.9 and Rs. 429.3 respectively, after opening at 431.3. In totality 5717087(NSE+BSE) shares have been traded on the counter; and the stock is trading below its 50 DMA.
Consolidated Results Q2FY17:
Street estimates were higher than Tata Steel’s actual Q2FY17 consolidated numbers. Revenue has come in 1.2% greater than the estimated Rs 27,150 cr. EBITDA is 15.9% lesser than the consensus figure of Rs 3,531 cr.
Tata Steel has reported an adjusted net profit of Rs 10 cr versus an estimate of Rs 821 cr.
The quarter's consolidated net revenue has come in largely in-conjunction (climbing 0.1% yoy) to Rs 27,471 cr.
Tata Steel's EBITDA has ballooned by 65.5% yoy to Rs 2,970 cr, as a repercussion of adjustment for change in inventory amounting to Rs 1264.7 cr.
The company's adjusted net profit for the period has come in at Rs 10 cr versus an adjusted net loss of Rs 906 cr during the same quarter of the previous year.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.