Tata Steel has reported highest ever consolidated EBITDA of INR 63,830 crores in FY 2021-22 with an EBITDA per tonne of INR 21,626 crores & profit of INR 41,749 crores. Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran said “Tata Steel has again demonstrated its ability to deliver stellar results despite heightened complexity in the face of COVID as well as geopolitical tensions. Our Indian business showed broad based growth across our chosen segments due to our sustained focus on customer relationships, our distribution network and our portfolio of brands supported by our agile business model. Our European operations delivered robust performance as the transformation program undertaken helped to leverage the strong business environment.FY 2021-22 Consolidated------------------------------Production - 31.03 million tonnes, up 9% YoYDeliveries - 29.52 million tonnes, up 4% YoYTurnover -243,959 crores, up 56% YoYReported EBITDA - 63,830 crores, up 107% YoYReported EBITDA - 21,626 per tonne, up 100% YoYReported Profit after Tax - 41,749 crores, up 410% YoYIndia - Achieved highest ever annual crude steel production of 19.06 million tonnes, with a growth of 13% YoY. Highest ever deliveries of 18.27 million tonnes despite COVID 2nd wave related disruption early in financial year, broad based improvement in sales volume was witnessed across segments. Automotive was up 27% YoY, Branded Products and Retail was up 11% YoY while Industrial products & projects was up 11% YoY. EBITDA stood at INR 52,745 crores, translates to an EBITDA per tonne of INR 28,863Europe operations - Revenues increased by 54% YoY to GBP 8,876 million, EBITDA stood at GBP 1,199 million, translating to an EBITDA per tonne of GBP 133.Mr Narendran added “We have pursued several initiatives to de-risk the business particularly across procurement and supply chain and continue to invest in technology and digitization to drive productivity and improve our resilience. Kalinganagar expansion is progressing well and will drive cost savings as well as product mix enrichment. The acquisition of Neelachal Ispat Nigam Limited will be closed in 1QFY23 and we will scale it up rapidly to drive expansion of our high value retail business. I am happy to share that Tata Steel has been recognized as Steel sustainability champion for the fifth year in a row by the WorldSteel."The 6 MTPA Pellet plant at Kalinganagar will be commissioned in 3QFY23 followed by the Cold Roll Mill complex and the 5 MTPA expansion.Tata Steel Board of Directors has also recommended a 10:1 stock split
Tata Steel has reported highest ever consolidated EBITDA of INR 63,830 crores in FY 2021-22 with an EBITDA per tonne of INR 21,626 crores & profit of INR 41,749 crores. Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran said “Tata Steel has again demonstrated its ability to deliver stellar results despite heightened complexity in the face of COVID as well as geopolitical tensions. Our Indian business showed broad based growth across our chosen segments due to our sustained focus on customer relationships, our distribution network and our portfolio of brands supported by our agile business model. Our European operations delivered robust performance as the transformation program undertaken helped to leverage the strong business environment.FY 2021-22 Consolidated------------------------------Production - 31.03 million tonnes, up 9% YoYDeliveries - 29.52 million tonnes, up 4% YoYTurnover -243,959 crores, up 56% YoYReported EBITDA - 63,830 crores, up 107% YoYReported EBITDA - 21,626 per tonne, up 100% YoYReported Profit after Tax - 41,749 crores, up 410% YoYIndia - Achieved highest ever annual crude steel production of 19.06 million tonnes, with a growth of 13% YoY. Highest ever deliveries of 18.27 million tonnes despite COVID 2nd wave related disruption early in financial year, broad based improvement in sales volume was witnessed across segments. Automotive was up 27% YoY, Branded Products and Retail was up 11% YoY while Industrial products & projects was up 11% YoY. EBITDA stood at INR 52,745 crores, translates to an EBITDA per tonne of INR 28,863Europe operations - Revenues increased by 54% YoY to GBP 8,876 million, EBITDA stood at GBP 1,199 million, translating to an EBITDA per tonne of GBP 133.Mr Narendran added “We have pursued several initiatives to de-risk the business particularly across procurement and supply chain and continue to invest in technology and digitization to drive productivity and improve our resilience. Kalinganagar expansion is progressing well and will drive cost savings as well as product mix enrichment. The acquisition of Neelachal Ispat Nigam Limited will be closed in 1QFY23 and we will scale it up rapidly to drive expansion of our high value retail business. I am happy to share that Tata Steel has been recognized as Steel sustainability champion for the fifth year in a row by the WorldSteel."The 6 MTPA Pellet plant at Kalinganagar will be commissioned in 3QFY23 followed by the Cold Roll Mill complex and the 5 MTPA expansion.Tata Steel Board of Directors has also recommended a 10:1 stock split
