T A T A S T E E L
L I M I T E D
L I M I T E D
FY 10 VS FY 09 RESULTS
COMPARISON
CONSOLIDATED & NON-CONSOLIDATED
TATA STEEL has announced its FY 10 results. The consolidated, non-consolidated (stand-alone) and quarterly results of TATA Steel Limited for FY 10 compared with FY 09 are reviewed here.
RESULTS REVIEW
STAND ALONE RESULTS
Net sales on stand-alone basis has increased by 2.88 % to Rs.24717 Cr in FY 10 from Rs. 24024 Cr (i.e., By Rs.692 Cr).
Total Expenditure has increased a little more to Rs. 17153 Cr in FY 10 from Rs.16156 Cr, by 6.17 percent YOY.
Net Profit on stand alone basis has decreased to Rs.5047 Cr in FY 10 from Rs.5202 Cr in FY 09 – a decrease of Rs.155 Cr or 2.98 percent YOY
Basic EPS after Extraordinary items is Rs.60.26 in FY 10 against Rs.69.45 in FY 09, a decrease of 13.23 percent YOY.
The stand alone results indicate that the Indian operations of TATA Steel continues to be good, though there is decrease YOY.
CONSOLIDATED RESULTS
But, the above stand alone results are in stark contrast with the consolidated results.
Net Sales on consolidated basis has decreased by 30.15% to Rs.101758 Cr from Rs.145686 Cr, a decrease of Rs.43929 Cr YOY.
Total Expenditure has decreased by 25.94% to Rs.98842 Crores from Rs.133467 Cr, a decrease of Rs.34625 Crores YOY.
Consolidated Net loss is Rs.2009 Crores in FY 10 against Consolidated net profit of Rs.4951 Crores last year, a down fall of 140.58 percent YOY.
Consolidated Basic EPS after Extraordinary Items (Rs) is Rs(-)24.92 in FY 10, compared to Rs.66.07 in FY 09 ,a huge decrease of 137.72 percent.
This shows that the European operations have dragged down the Indian result considerably.
Quarterly Results Review
Net Sales were Rs.6307 Cr in Q4; Rs.5629.85 Cr in Q3; and Rs.6744 Cr in Q4 of FY 09. This means an increase of 12.04 % QOQ and reduction of 6.47% compared to Q4 of FY 09.
Total Expenditure has increased to Rs.4480 Cr in Q4 compared to Rs.4026 Cr in Q3, an increase of 11.27 % QOQ; and compared to Rs.3917 Cr in Q4 of FY 09 , an increase of 14.39%
Net Profit in Q4 is Rs.1192 crores against Rs.903 Cr in Q3, Rs.790 Cr in Q2, Rs.466 Cr in Q1 and Rs.1782 Cr in Q4 of FY 09. QOQ, there is an increase of 31.99% in Q4 and a decrease of 33.34% compared to Q4 of FY 09.
CONSOLIDATED RESULTS
(in figures)
FY 10(lakhs) | Increase | %Age | ||
Net Sales | 10175777 | 14568632 | -4392855 | -30.15 |
Other Oprtng Income | 63535 | 164294 | -100759 | -61.33 |
Stock in trade and WIP | 66004 | 197594 | -131590 | -66.6 |
Raw Materials | 3505622 | 4748913 | -1243291 | -26.18 |
Purchase of traded goods | 1308704 | 3140591 | -1831887 | -58.33 |
Employees Cost | 1646299 | 1797506 | -151207 | -8.41 |
Depreciation | 449173 | 426539 | 22634 | 5.31 |
Other Expenditure | 2908417 | 3035555 | -127138 | -4.19 |
Total Expenditure | 9884219 | 13346698 | -3462479 | -25.94 |
O P T | 355093 | 1386228 | -1031135 | -74.38 |
Other Income | 118585 | 26567 | 92018 | 346.36 |
P B I& E | 473678 | 1412795 | -939117 | -66.47 |
Interest | 302206 | 329018 | -26812 | -8.15 |
P A Int but bef. Ex Items | 171472 | 1083777 | -912305 | -84.18 |
Exceptional items | 168372 | 409453 | -241081 | -58.88 |
P B TAX | 3100 | 674324 | -671224 | -99.54 |
Tax Expense | 215184 | 189400 | 25784 | 13.61 |
NPT AFTER TAX | -212084 | 484924 | -697008 | -143.74 |
Extraordinary Items | - | - | ||
Net Profit (+) /(-) | -212084 | 484924 | -697008 | -143.74 |
Minority Interest | 1524 | -4094 | 5618 | -137.23 |
Shares of Associates | -12686 | -6072 | -6614 | 108.93 |
Other Related Items | - | - | ||
Consol. N P T (+) /(-) | -200922 | 495090 | -696012 | -140.58 |
Dividend (%) | - | - | ||
Face Value (in Rs.) | 10 | 10 | 0 | 0 |
Paid-up Equity | 88674 | 73012 | 15662 | 21.45 |
Reserves | 2192715 | 2151150 | 41565 | 1.93 |
Basic EPS bef.Ex.items (Rs) | - | - | ||
Dil. EPS bef.Ext.items (Rs) | - | - | ||
Basic EPS aft.Ext.items (Rs) | -24.92 | 66.07 | -90.99 | -137.72 |
Dil. EPS aft.Ext.items (Rs) | -24.92 | 58.99 | -83.91 | -142.24 |
STAND ALONE RESULTS
(IN FIGURES)
FY10(lakhs) | FY09(lakhs) | increase | %Age | |
Net Sales | 2471682 | 2402445 | 69237 | 2.88 |
Other Optg Income | 30516 | 29132 | 1384 | 4.75 |
Stock in trade and WIP | 13497 | -28927 | 42424 | -146.66 |
Raw Materials | 676302 | 680128 | -3826 | -0.56 |
Purchase of traded goods | 16908 | 35887 | -18979 | -52.89 |
Employees Cost | 236148 | 230581 | 5567 | 2.41 |
Depreciation | 108318 | 97340 | 10978 | 11.28 |
Other Expenditure | 664134 | 600565 | 63569 | 10.58 |
Total Expenditure | 1715307 | 1615574 | 99733 | 6.17 |
OPR Profit | 786891 | 816003 | -29112 | -3.57 |
Other Income | 85379 | 30827 | 54552 | 176.96 |
P B I E | 872270 | 846830 | 25440 | 3 |
Interest | 150840 | 115269 | 35571 | 30.86 |
P After Int & Befr.Ex.Items | 721430 | 731561 | -10131 | -1.38 |
Exceptional items | - | - | ||
P B Tax | 721430 | 731561 | -10131 | -1.38 |
Tax Expense | 216750 | 211387 | 5363 | 2.54 |
P Afr TAX | 504680 | 520174 | -15494 | -2.98 |
Extraordinary Items | - | - | ||
Net Profit | 504680 | 520174 | -15494 | -2.98 |
Dividend (%) | 80 | 160 | -80 | -50 |
Face Value (in Rs.) | 10 | 10 | 0 | 0 |
Paid-up Equity | 88741 | 73079 | 15662 | 21.43 |
Reserves | 3607439 | 2397281 | 1210158 | 50.48 |
Basic EPS bef.Ext.items (Rs) | - | - | ||
Dil.EPS bef.Ext.items (Rs) | - | - | ||
Basic EPS af.Ext.items (Rs) | 60.26 | 69.45 | -9.19 | -13.23 |
Dil. EPS aft. Ext.items (Rs) | 57.31 | 61.78 | -4.47 | -7.24 |
Q U A R T E R L Y R E S U L T S
(IN FIGURES)
| TATASTEEL QTRLY=IN LAKHS | 10-Mar | 9-Dec | 9-Mar | Q4 TO Q3 | Q4F9TOQ4 |
| Net Sales | 630748: | 562985: | 674416 | :12.04 : | -6.47 |
| Other Oprtng Income | 6740: | 6226: | 10651: | 8.26: | -36.72 |
| Raw Materials | 172550: | 172438: | 165983: | 0.06: | 3.96 |
| Purchase of Traded Goods | 5950: | 3273: | 12051: | 81.79: | -50.63 |
| Employees Cost | 65225: | 52211: | 59853: | 24.93: | 8.98 |
| Depreciation | 26218: | 25637: | 24882: | 2.27: | 5.37 |
| Other Expenditure | 173840: | 152820: | 167322: | 13.75: | 3.9 |
| Total Expenditure | 448016: | 402625: | 391652: | 11.27: | 14.39 |
| opr. Profit | 189472: | 166586: | 293415: | 13.74: | -35.43 |
| Other Income5 | 26356: | 7605: | 23837: | 246.56: | 10.57 |
| Interest6 | 41572: | 39200: | 25482: | 6.05: | 63.14 |
| Exceptional Items7 | -: | -: | 34542: | ||
| Profit before Tax | 174256: | 134991: | 257228: | 29.09: | -32.26 |
| Tax expense | 55081: | 44697: | 78447: | 23.23: | -29.79 |
| NPT after tax | 119175: | 90294: | 178781: | 31.99: | -33.34 |
| Extraordinary Items | - | - | - | ||
| Net Profit | 119175: | 90294: | 178781: | 31.99: | -33.34 |
| Dividend (%) | - | - | - | ||
| Face Value (In Rs | 10 | 10 | 10 | 0 | 0 |
| Paid Up Equity | 88741: | 88741: | 73078: | 0 | 21.43 |
| Reserves | - | - | - | ||
| Basic EPS aft. Ext.items | 13.43: | 10.89: | 24.03: | 23.32: | -44.11 |
| Dil.EPS aft. Ext.items | 13.24: | 10.37: | 21.75: | 27.68: | -39.13 |
| Basic EPS bef.Ext.items | - | 10.89: | 24.03: | ||
| Dil.EPS bef.Ext.items | - | 10.37: | 21.75: |
ANNOUNCEMENTS
TO THE EXCHANGE
27-05-2010 Tata Steel Limited has informed the Exchange that at the meeting of Committee of Board of Directors of the Company ("Committee") held on May 27, 2010, the Committee has approved, subject to the approval of the members of the Company pursuant to Section 192A of the Companies Act, 1956, an issue of : (a) Up to 1,50,00,000 - Equity shares ("Ordinary Shares") of face value Rs. 10 each; and (b) Up to 1,20,00,000 - Warrants with a right exercisable by the warrant holder to subscribe for one Ordinary Share per warrant; to the Promoter of the Company i.e. Tata Sons Limited on a preferential basis, in accordance with the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2009 (ICDR Regulations) and on such other terms and conditions as the Board/Committee may in absolute discretion decide. The proposed issue will be made at a price to be determined as per the applicable ICDR Regulations.
27-05-2010 Tata Steel Limited has informed the Exchange that the Register of Members will remain closed from July 14, 2010 to July 20, 2010 (both days inclusive) for the purpose of Annual General Meeting and payment of dividend for the financial year ended March 31, 2010 when sanctioned. Further the Annual General Meeting scheduled to be held on August 13, 2010. -
26-05-2010 Tata Steel Limited has informed the Exchange that the Board of Directors at its Meeting held on May 26, 2010 has recommended a dividend of Rs. 8 per share on Ordinary Shares for the financial year 2009-10. -
26-05-2010 Tata Steel Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 2471682 lacs for year ending on 31-MAR-2010 against Rs. 2402445 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 504680 lacs for the year ending on 31-MAR-2010 against Rs. 520174 lacs for the year ending on 31-MAR-2009.
26-05-2010 Tata Steel Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 10175777 lacs for year ending on 31-MAR-2010 against Rs. 14568632 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. (200922) lacs for the year ending on 31-MAR-2010 against Rs. 495090 lacs for the year ending on 31-MAR-2009. -
19-04-2010 Tata Steel Limited has informed the Exchange that the Company will be publishing audited financial results for the year ended March 31, 2010 before the end of May 2010, i.e. within 60 days from the end of the financial year, unaudited financial results for the last quarter of the year ended March 31, 2010 will not be published. -
25-03-2010 Tata Steel Limited has informed the Exchange with reference to Scheme of Amalgamation of wholly owned subsidiary Hooghly Met Coke & Power Company Ltd (HMPCL) with Tata Steel Ltd, that HMPCL being a wholly owned subsidiary of Tata Steel Ltd, on Company's application, High Court of Judicature at Bombay, vide its order dated September 11, 2009 dispensed with the filing of further Petition and following any other procedure. Further the Company has informed that the petition filed by HMPCL in the Hon. High Court at Calcutta, has been approved on February 16, 2010 and the Scheme of Amalgamation has been sanctioned with effect from the Appointed Date i.e. April 01, 2009. Further the Company confirms that they have filed the Orders approving the Scheme of Amalgamation with the Registrar of Companies, Maharashtra, Mumbai, on March 25, 2010. As per the Scheme of Amalgamation, HMPCL being wholly owned subsidiary of Tata Steel, all the shares held by Tata Steel will be cancelled. -
02-03-2010 Tata Steel Limited has informed the Exchange regarding a press release dated March 02, 2010, titled "Corus sells stake in tar distillation plant to Koppers". A copy of the press release shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. -
16-02-2010 Tata Steel Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 2606855 lacs for quarter ending on 31-DEC-2009 against Rs. 3319101 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 47265 lacs for the quarter ending on 31-DEC-2009 against Rs. 73221 lacs for the quarter ending on 31-DEC-2008.
28-01-2010 Tata Steel Limited has informed the Exchange that the Board of Directors of the Company on January 28, 2010 has approved a framework for Co-operation between Tata Steel Limited and Nippon Steel Corporation for the production and sales of automotive cold-rolled flat products at Jamshedpur. Further the Company has also submitted to the Exchange a copy of press release dated January 28, 2010, titled "Joint Venture for Production and Sales of Automotive Cold-Rolled Flat Products". A copy of the press release shall be available on the NSE website http://www.nseindia.com) under: Corporates > Latest announcements and on the Extranet Server (/Common/Corporate Announcements). For more details click here. -
28-01-2010 Tata Steel Limited has informed the Exchange regarding the standalone Results for the quarter ended on 31-DEC-2009 as follows: Net Sales of Rs. 630748 lacs for quarter ending on 31-DEC-2009 against Rs. 473568 lacs for the quarter ending on 31-DEC-2008. Net Profit / (Loss) of Rs. 119175 lacs for the quarter ending on 31-DEC-2009 against Rs. 46624 lacs for the quarter ending on 31-DEC-2008. -
22-01-2010 Tata Steel Limited has informed the Exchange that the Company has entered into a Memorandum of Understanding dated January 22, 2010 with NMDC Limited, to explore the possibility of acquisition, exploration and development of mines, extraction and processing of minerals, setting up integrated steel plants and other business of mutual interest.
No comments:
Post a Comment