16 May 2018
Corporate News

Tata Steel Reports Consolidated Financial Results for the Quarter and year ended March 31, 2018

Highlights:

  • Health and Safety: LTIFR rate of 0.46 in FY18 compared to 0.58 in FY17.
  • Consolidated revenues increased by 8.0%QoQ to Rs.36,132 crores in 4QFY18, driven by improved selling prices across geographies and higher deliveries in Europe. It grew by 13.3%YoY to Rs.1,33,016 crores in FY18.
  • Consolidated EBITDA increased by 13.4%QoQ to Rs.6,579 crores in 4QFY18, it improved by 29.5%YoY to Rs.22,045 crores in FY18.
  • Pre-exceptional PBT from continuing operations increased by 19.6%QoQ to Rs.3,839 crores in 4QFY18, it grew by 69.3%YoY to Rs.11,511 crores in FY18.
  • The exceptional gain was Rs. 11,376 crores which includes a non-cash gain of Rs.14,077 crores on account of restructuring of UK pension scheme in 4QFY18.
  • Consolidated PAT stood at Rs. 14,688 crores in 4QFY18 as against Rs. 1,136 crores in 3QFY18, it improved to Rs.17,763 crores in FY18 vs. a loss of Rs.4,169 crores in FY17.
  • Gross debt as on March 31, 2018 increased to Rs.92,147 crores, mainly driven by foreign exchange translation impact. Net debt declined to Rs.69,215 crores.
  • The liquidity position of the group remains very robust with approximately Rs. 36,320 crores comprising of Rs. 22,932 crores in cash and cash equivalents and Rs.13,388 crores in undrawn bank lines
  • The Board of Directors recommended a dividend of Rs. 10.00 per fully paid equity share and Rs. 2.504 per partly paid equity share.

Tata Steel Standalone and Consolidated Highlights

 (Figures in Rs. crore unless otherwise specified)

  Standalone
Q4FY18 Q3FY18 Q4FY17 FY18 FY17
Production (mn tn)2 3.07 3.27 3.2 12.48 11.68
Deliveries (mn tn) 3.03 3.3 3.21 12.15 10.97
Turnover 16,281 15,596 17,113 60,519 53,261
EBITDA 4,823 4,647 4,324 15,800 11,944
PBT before exceptional items 3,363 3,226 2,697 10,005 6,060
Exceptional Charges -1,607 -1,115 -442 -3,366 -703
PAT from Continuing Operations 1,031 1,338 1,415 4,170 3,445
PAT from Discontinued Operations - - - - -
Reported PAT (A) 1,031 1,338 1,415 4,170 3,445
Other Comprehensive Income (B) 13 136 24 -61 676
Total Comprehensive Income (A+B) 1,044 1,474 1,439 4,108 4,120
Diluted EPS (Rs.) 9.38 12.55 13.32 38.56 31.74

 

  Consolidated
Q4FY18 Q3FY18 Q4FY17 FY18 FY17
Production (mn tn)2 6.26 6.49 6.4 25.39 24.52
Deliveries (mn tn) 6.43 6.56 6.83 25.27 23.88
Turnover 36,132 33,447 35,305 133,016 117,420
EBITDA 6,579 5,801 6,982 22,045 17,025
PBT before exceptional items 3,839 3,210 4,328 11,511 6,798
Exceptional Charges 11,376 -1,116 -4,069 9,599 -4,324
PAT from Continuing Operations 14,639 1,144 -717 17,704 -304
PAT from Discontinued Operations 49 -8 -451 58 -3,864
Reported PAT (A) 14,688 1,136 -1,168 17,763 -4,169
Other Comprehensive Income (B) 4,509 189 1,393 -3,078 -563
Total Comprehensive Income (A+B) 19,197 1,325 225 14,685 -4,732
Diluted EPS (Rs.) 96.84 12.07 -11.84