Stock Analysis

Tata Steel Full Year 2024 Earnings: EPS Misses Expectations

Simply Wall St

June 26, 2024

Tata Steel (NSE:TATASTEEL) Full Year 2024 Results

Key Financial Results

Revenue: ₹2.29t (down 5.8% from FY 2023).
Net loss: ₹44.4b (down by 151% from ₹87.6b profit in FY 2023).
₹3.62 loss per share (down from ₹7.18 profit in FY 2023).

TATASTEEL Production and Reserves

Iron

Production: 35.33 Mt (33.8 Mt in FY 2023)

Coal

Production: 5.924 Mt (5.769 Mt in FY 2023)

revenue-and-expenses-breakdown — NSEI:TATASTEEL Revenue and Expenses Breakdown June 26th 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tata Steel EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates.

The primary driver behind last 12 months revenue was the Tata Steel India segment contributing a total revenue of ₹1.41t (62% of total revenue). Explore how TATASTEEL's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 5.0% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Metals and Mining industry in India.

Performance of the Indian Metals and Mining industry.

The company's shares are down 3.0% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Tata Steel (2 shouldn't be ignored) you should be aware of.

Valuation is complex, but we're helping make it simple.

Find out whether Tata Steel is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.