Tata Steel is expected to report consolidated net loss of Rs 440 crore in the quarter ended June against profit of Rs 337 crore in the year-ago period, according to average of estimates of analysts polled by CNBC-TV18.
Lower steel prices and China's cheap imports may impact overall earnings. There is a wide range for expectations of bottomline.
According to them, the profit could be Rs 260 crore and maximum loss may be around Rs 1,000 crore in Q1. Revenue during the quarter is seen falling 18.9 percent to Rs 29,526 crore compared to Rs 36,427 crore in same quarter last fiscal.
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