Tata Steel Q4 Results Today, What To Expect? Check Share Performance, Dividend News

Tata Steel is going to report its financial results for the quarter as well as for the year ended March 31 on Wednesday, May 29. According to Zee Business research, Tata Steel is likely to register a consolidated net profit of Rs 1,354 crore for the March quarter, which is a fall of 20 per cent compared to the corresponding period a year ago. The analysts estimate the Tata group company’s March-quarter revenue at Rs 61,096 crore as against Rs 62,962 crore a year ago. 
Analysts expected that the company will log Rs 6,516 crore in March-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), down 9.8 per cent on a year-on-year basis, according to the research. 
Tata Steel Q3 Results
The company recorded a consolidated net profit of Rs 522.14 crore in the October to December quarter of the previous financial year, which was up from a massive Rs 2,501.95 crore loss in the same quarter of the previous fiscal. 
The company’s earnings before interest, tax, depreciation, and amortisation, or EBITDA, stood at Rs 6,264 crore against Rs 4,048 crore logged in the year-ago period. Margins rose to 11.3 per cent against 7 per cent YoY. 
Tata Steel Share Price History:
Over the period of 1 year, shares of Tata Steel have given returns of over 61 percent against Nifty50’s rise of over 23 percent.
Tata Steel Dividend Announcement 2024
The company’s board will also consider the recommendation of a dividend on equity shares, if any, for the financial year ended March 31, 2024
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.)