Metals & Mining: Q1FY24 Review
Nalco’s Revenue/EBITDA/PAT missed our estimates and dropped by 16%/32%/40% YoY and by 13%/22%/33% QoQ led by a drop in the average LME Aluminium...
274 Views
Metals - Q1FY24 Earnings Preview
On a YoY basis, too, margins are expected to contract despite higher volumes YoY (on a low base) as HRC prices are now down by 15% YoY from the...
235 Views
Tata Steel - Robust Q4, Mix of Headwinds and Tailwinds Ahead; Maintain HOLD
Tata Steel reported a good set of numbers, beating consensus estimates on all fronts. Revenue (down 9% YoY) grew by 10% QoQ
396 Views
Metals - Q4FY23 Earnings Preview
Tata Steel Europe’s sales volume declined to 2.13 MT, down 11% YoY, but recovered by 7% QoQ, indicating an improving demand environment.
262 Views
Tata Steel - Weak Q3; Downgrade to HOLD on European Woes
Weak demand, higher energy costs, and re-lining of the blast furnace in Netherlands could keep Europe in EBITDA loss for the next three quarters.
231 Views