Tata Steel share price is in focus as the steel major is set to announce its Q3FY25 results today (January 27). The steel giant, part of the Tata Group, has a dominant position in India’s iron and steel manufacturing sector. The share price of Tata Steel on Monday opened at Rs 129.02 apiece. As of the early trading hours, Tata steel share price is trading at Rs 128.24 apiece, down by 1.18%.
4 things to know about Tata Steel shares ahead of Q3 earnings
Ahead of the announcement of Tata Steel’s Q3 FY25 results, here is a look at the latest updates and market performance of the steel giant.
Stock performance: Tata Steel Vs Nifty 50
Tata Steel share price is under pressure. It has fallen 2.52% in the past 5 days, 7.40% over the last month, and a whopping 21.02% over the past six months. Over the past year, the share price of Tata Motors has dropped by 4.71%. Compared to its 52-week high of Rs 184.60, the stock is about 30% lower, and it is only 5% above its 52-week low of Rs 122.62. The company’s market capitalisation stands at Rs 1.60 lakh crore.
On the other hand, the Nifty 50 index, which tracks the top 50 companies on the NSE, has also seen some turbulence. It is currently down by 0.48% today and has lost 1.87% in the past five days. The index has dropped 7.48% over the last six months but has seen a positive shift of 5.70% over the past year.
Tata Steel Q3FY25 results announcement: Date and details
Tata Steel, in an exchange filing on January 17, has announced that its board of directors will meet on Monday, January 27, 2025, to review and approve the company’s financial results for the October-December 2024 quarter and the nine months ending December 31, 2024. The results will include both audited Standalone and unaudited Consolidated Financial Statements.
“Further, in accordance with the Company’s Code for Prevention of Insider Trading, the Trading Window for dealing in the Company’s securities was closed from Wednesday, December 25, 2024, and will open 48 hours after declaration of the said results,” added the company in the regulatory filing.
Tata Steel: Q2FY25 performance
For the quarter ending September 2024 (Q2FY25), the company posted a net profit of Rs 833 crore, a turnaround from a net loss of Rs 6,196 crore in the same period last year. This recovery is largely driven by reduced expenses and better operational efficiencies.
However, the company’s revenue saw a decline of 3% YoY, amounting to Rs 53,905 crore, compared to Rs 55,681 crore in Q2 FY24. On a sequential basis, revenue dropped by 1.6%, primarily due to lower realizations in both India and the Netherlands.
Tata Steel: Q3FY25 expectations
For Q3 FY25, analysts expect Tata Steel to report a decline in both revenue and EBITDA compared to both the previous quarter and the same quarter last year. Brokerages have forecasted a loss in the range of Rs 371 crore to Rs 806 crore, which stands in sharp contrast to the profit of Rs 815 crore recorded in the previous quarter and the Rs 848 crore profit in Q3 FY24.
In terms of revenue, it is anticipated to fall by about 4% year-on-year to approximately Rs 52,846 crore. This represents a 2% sequential decline, according to an analysis poll by Moneycontrol.