- 06 Apr 2022
- ICICIdirect Research
Tata Steel India posts highest ever quarterly sales volume in Q4FY22
TATASTEEL - 151 Change: -0.50 (-0.33 %)News: During Q4FY22, Tata Steel’s India operations reported sales volume of 5.12 million tonnes (MT), up 10% YoY and 16% QoQ. For Q4FY22, Tata Steel’s European operations reported sales volume of 2.36 million tonnes (MT), up 9% QoQ but down 4% QoQ
Views: During Q4FY22, Tata Steel’s India operations reported highest ever quarterly sales volume reflecting a strong underlying demand. For full year FY22, Tata Steel’s India operations reported sales volume of 18.27 MT, up 6% YoY, broadly in line with our estimate of 18.3 MT. During FY22, Tata Steel Indian operations domestic deliveries grew 14% YoY driven by improved demand and the company’s robust marketing network, which thereby aided the overall sales volume growth. For FY22, Tata Steel’s European operations reported sales volume of 8.99 MT, up 2% YoY
Impact: Positive