Tata Steel Stock: Buy Ratings Hold Post-Q3, Yet Upside Potential Seen Limited

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Tata Steel Q3: Profit Beats Estimates, Debt Down; Brokerages Divided on Future Upside

Tata Steel Q3: Profit Beats Estimates, Debt Down; Brokerages Divided on Future Upside

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CNBC TV18•09-02-2026, 07:05

Tata Steel Q3: Profit Beats Estimates, Debt Down; Brokerages Divided on Future Upside

•Tata Steel's Q3 profit of ₹2,730 crore surpassed Street estimates, though revenue was slightly lower.
•EBITDA came in at ₹8,200 crore with margins at 14.4%, marginally ahead of expectations.
•Net debt declined, and cost transformation initiatives worth ₹8,600 crore have been achieved.
•Europe operations remained weak, but losses narrowed; India EBITDA per tonne moderated sequentially.
•Brokerages like Jefferies and Emkay maintain 'Buy' with raised targets, while Equirus downgrades to 'Reduce' citing limited upside.

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