*Tata Steel Ltd.* | *CMP* Rs. 404 | *M Cap* Rs. 45510 Cr | *52 W H/L* 611/320
(Nirmal Bang Retail Research)
*Result below expectation*
Revenue from Operations came at Rs. 34579.2 Cr (-3.8% QoQ, -20.6% YoY) vs expectation of Rs. 34676.2 Cr, QoQ Rs. 35947.1 Cr, YoY Rs. 43544.1 Cr
EBIDTA came at Rs. 3819.6 Cr (-29% QoQ, -57.2% YoY) vs expectation of Rs. 4309.3 Cr, QoQ Rs. 5376.9 Cr, YoY Rs. 8919.5 Cr
EBITDA Margin came at 11% vs expectation of 12.4%, QoQ 15%, YoY 20.5%
Adj. PAT came at Rs. -21.8 Cr vs expectation of Rs. 471.4 Cr, QoQ Rs. 694.5 Cr, YoY Rs. 3435 Cr
Quarter EPS is Rs. -0.2
Share is trading at 6.61 X EV/EBITDA FY20