Profit ka Toofaan
Sabse pehle toh yeh jaan lo, Tata Steel ka consolidated net profit Q3 FY26 mein saal-dar-saal 724% bhadak kar ₹2,688.70 crore ho gaya hai. Pichhle saal isi quarter mein yeh sirf ₹326.64 crore tha. Is amazing growth ka credit Europe mein company ke acche operations aur kuch strategic acquisitions ko jaata hai. Consolidated EPS bhi ₹2.16 ho gaya hai.
Standalone Numbers Thode Alag
Lekin agar sirf India operations (standalone) ki baat karein toh profit thoda sa gira hai, 1.46% kam hokar ₹3,822.01 crore raha Q3 FY26 mein. Standalone EPS bhi ₹3.06 pe aa gaya. Haan, standalone revenue 8.99% badhkar ₹35,219.38 crore zarur ho gaya aur operating EBITDA margin 14.58% pe maintain raha.
Liquidity Pe Red Flag
Ab woh tension wali baat - company ka consolidated current ratio 0.82 ho gaya hai. Simple bhasha mein, yeh number 1 se kam hai, matlab company ke paas short-term obligations pura karne ke liye cash kam pad sakta hai. Yeh investors ke liye ek bada concern hai, chahe company keh rahi ho ki unke paas sufficient liquidity hai.
Acquisitions Ka Game
Company ne apne business ko expand karne ke liye bade kadam uthaye hain. ₹1,099.97 crore mein Tata Bluescope Steel ka baaki 50% stake aur ₹3,635.13 crore mein Thriveni Pellets ka 50.01% stake kharid liya hai. Yeh sab strategic moves hain market mein apni position mazboot karne ke liye.
Divestment Aur Europe Focus
Wahi, company apna ek plant bhi bech rahi hai. Jajpur wala Ferro Alloy Plant ₹610 crore mein sell karne ki deal ho gayi hai. Aur Europe mein sustainability goals poore karne ke liye, company decarbonisation projects par bhi kaam kar rahi hai, jismein government ka support bhi mil raha hai.
Aage Kya Watch Karna Hai?
Investors ko ab dhyan dena hoga ki company apna current ratio kaise sudhaarti hai, naye acquired businesses ko kaise integrate karti hai, Jajpur plant ka sale kaise finish hota hai, aur Europe mein sustainability projects kaise aage badhte hain. The liquidity situation will be closely watched.