25 June 2009
Corporate News
Tata Steel reports consolidated results for the financial year 2008-09

Tata Steel Limited today declared the audited Consolidated Group Financial Results for the year ended March 31 2009.

Key Highlights

  • Tata Steel Indian operations increased its deliveries by 9% from 4.78 million tonnes in financial year 2007-08 to 5.23 million tonnes in financial year 2008-09. The Steel deliveries of the Tata Steel Group for the financial year 2008-09 at 28.54 million tonnes were 10% lower compared to 31.68 million tonnes during the financial year 2007-08. The Group recorded a Turnover of Rs.147,329 Crores (US$ 28,962 mn) for the financial year 2008-09, 12% higher than the turnover of Rs. 131,534 Crores (US$ 25,857 mn) for the financial year 2007-08.
  • The EBITDA for the Group at Rs. 18,495 crores (US$ 3,636 mn) for the financial year 2008-09 was 1% higher than the EBITDA of Rs.18,287 Crores (US$ 3,595 mn) recorded during the financial year 2007-08.
  • Profit before taxes and exceptional items was Rs.10,838 Crores (US$ 2,130 mn) during the financial year 2008-09 against Rs.10,036 Crores (US$ 1,973 mn) for the financial year 2007-08.
  • Exceptional items during the financial year 2008-09 of Rs. 4,095 Crores (US$ 805 mn) represent ‘Restructuring, impairment and disposals’ relating to the disposal/impairment of assets and restructuring arising out of the ‘Fit for the Future’ programme at Tata Steel Europe.
  • The Board of Directors has recommended a dividend of Rs.2 per share (US$ 0.04)  on Cumulative Convertible Preference Shares and Rs. 16 per share (US$ 0.31) on Ordinary shares for the financial year 2008-09.

 

   

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