29 June 2020
Corporate News

Tata Steel reports consolidated financial results for the quarter and full year ended March 31, 2020

Key Highlights:

 

  • Health and Safety: Lost Time injury frequency rate per mn man hours worked of Tata Steel group has reduced by 27% over last 10 years to 0.69
  • FY20 Consolidated steel production increased by 5%YoY to 28.46 mn tons and deliveries stood at 26.68 mn tons; India1 (which includes Tata Steel Standalone, Tata Steel BSL and Tata Steel Long products) steel production increased by 8%YoY to 18.20 mn tons while deliveries grew 4%YoY to 16.97 mn tons and contributed ~64% of consolidated deliveries
  • 4QFY20 Consolidated steel production increased by 5%QoQ to 7.37 mn tons and deliveries stood at 6.50 mn tons; India1 steel production increased by 6%QoQ to 4.73 mn tons while deliveries stood at 4.03 mn tons
  • Consolidated revenues stood at Rs.139,817 crores for FY20 and Rs.33,770 crores for 4QFY20; India revenues stood at Rs.82,125 crores for FY20 and Rs.19,493 crores for 4QFY20; Standalone revenues stood at Rs.60,436 crores for FY20 and Rs.14,211 crores for 4QFY20
  • Consolidated EBITDA was Rs.17,735 crores for FY20, grew 28%QoQ to Rs.4,669 crores in 4QFY20. India1 EBITDA was Rs.17,650 crores for FY20, grew 11%QoQ to Rs.4,568 crores in 4QFY20. Standalone EBITDA was Rs.15,096 crores for FY20 and Rs.3,661 crores in 4QFY20
  • FY20 Consolidated PAT from continued operations stood at Rs.2,337 crores; India1 profit after tax was Rs.5,611 crores
  • Our liquidity remains robust at Rs.17,745 crores including Rs.11,549 crores in cash & cash equivalents and the balance in undrawn credit lines.
  • Gross debt at end of Mar’20 was Rs.1,16,328 crores while Net debt was Rs.1,04,779 crores.
  • The Board of Directors recommended a dividend of Rs. 10 per fully paid equity share and Rs. 2.504 per partly paid equity share

Tata Steel India and Consolidated Highlights

Key profit & Loss account items (All figures in Rs. Crores unless specified) India1 (Standalone+TSBSL+TSLP)                       Consolidated2
  4QFY20 3QFY20 4QFY19 FY20 FY19 4QFY20 3QFY20 4QFY19 FY20 FY19
Production (mn tons)3 4.73 4.47 4.48 18.2 16.81 7.37 6.99