Monday, February 17, 2025 | 11:11 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Demand uncertainty likely to keep Tata Steel stock under pressure

Tata Steel India (TSI) sales volume grew 11 per cent QoQ at 5.42 million tonnes (up 5 per cent YoY) but average realisation declined 5 per cent QoQ at Rs 67,592/tonne

tata steelwork, tata, tata group
Premium

Devangshu Datta

Listen to This Article

The Q4 results of Tata Steel and management guidance indicated that operational difficulties in Europe and the UK continued to offset the steel major’s strong domestic performance. The consolidated operating profit grew 5 per cent quarter-on-quarter (Q-o-Q) to Rs 6,600 crore, which was down 9 per cent year-on-year (Y-o-Y) on strong India performance though Tata Steel India’s operating profit declined 2 per cent Q-o-Q to Rs 8,040 crore (down 7 per cent Y-o-Y).

Tata Steel India's sales volume grew 11 per cent Q-o-Q at 5.42 million tonnes (up 5 per cent Y-o-Y) but the average realisation declined 5 per cent

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in