Preview: India's Tata Steel slips ahead of earnings; analysts expect sharp profit jump

TATA Steel

15/05/2026 09:05

** Shares of Tata Steel TISC.NS down 1% at 219.8 rupees ahead of quarterly earnings later in the day

** Analysts expect steel producer to more than double its Q4 profit to 30.8 billion rupees ($321.23 million), revenue seen rising 11% to 624.21 billion rupees, per data compiled by LSEG

** Macquarie ("Outperform"; 241 rupees) says co should benefit from a sequential uptick in EU business performance due to operational efficiency and carbon emissions levied on steel imports

** Anticipates EBITDA to increase 28% YoY

** JP Morgan says co is a preferred stock pick for Q4, adding that despite that Middle East conflict driving uncertainty on natural gas availability and cost inflation, the quarter was well managed

** Sees Q4 EBITDA growth at 43% YoY

** Stock rated as "Buy" on average; median PT at 216 rupees,  per LSEG-compiled data

** YTD, stock up 21.6%

($1 = 95.8800 Indian rupees)

 (Reporting by Mridula Kumar in Bengaluru)

 ((Mridula.Kumar@thomsonreuters.com;))