<p>Tata Steel announced that consolidated revenues at INR 60,783 crores in October-December 2021 quarter was broadly stable on QoQ basis as improvement in net realizations more than offset the drop in volumes and consolidated EBITDA stood at INR 15,853 crores while profit after tax stood at INR 9,598 crores. Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran aid “India steel demand has begun to improve on the back of continued economic recovery as 3rd wave of COVID begins to ebb. Our steel deliveries in India expanded by 4% in the first nine months with improvements in product mix. We continue to drive value accretive growth in our chosen segments and our performance in key segments such as auto was robust despite the sector being impacted by the semiconductor shortage. Our European operations continue to perform underpinned by strong improvement in realizations.”</p><p>-------------------------------------------------------------------------</p><p>Oct-Dec2021 - India</p><p>Production - 4.81 million tonnes, up 2% QoQ</p><p>Deliveries - 4.42 million tonnes, down 3% QoQ</p><p>Turnover – INR 33,641 crore, down 2% QoQ</p><p>EBITDA– INR 12,422 crore, down 10% QoQ</p><p>EBITDA per tonne– INR 28,144 per tonne, down 7% QoQ</p><p>Net Profit– INR 7,787 crore, down 12% QoQ</p><p>India includes Tata Steel Standalone and Tata Steel Long Products</p><p>----------------------------------------------------------------------------</p><p>Oct-Dec2021 - Consolidated</p><p>Production - 7.76 million tonnes, flat QoQ</p><p>Deliveries - 7.01 million tonnes, down 5% QoQ</p><p>Turnover– INR 60,783 crore, up 1% QoQ</p><p>EBITDA– INR 15,853 crore, down 5% QoQ</p><p>EBITDA per tonne– INR 22,663 per tonne, down 6% QoQ</p><p>Net Profit– INR 9,598 crore, down 24% QoQ</p><p>----------------------------------------------------------------------------</p><p>The company has spent INR 2,790 crores on capex during the quarter. Work on the Pellet plant, the Cold Roll Mill complex and the 5 MTPA expansions at Kalinganagar is ongoing</p><p>Tata Steel Long Products, a subsidiary of Tata Steel, has been announced as the winner of the bidding process to acquire 93.71% stake in the 1 million ton per annum Neelachal Ispat Nigam Limited</p><p>Europe operations – Revenues increased by 7% QoQ and 56%YoY to GBP 2,246 million in 3QFY22. EBITDA was £290 million which translates to an EBITDA per ton of GBP 134.</p>
<p>Tata Steel announced that consolidated revenues at INR 60,783 crores in October-December 2021 quarter was broadly stable on QoQ basis as improvement in net realizations more than offset the drop in volumes and consolidated EBITDA stood at INR 15,853 crores while profit after tax stood at INR 9,598 crores. Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran aid “India steel demand has begun to improve on the back of continued economic recovery as 3rd wave of COVID begins to ebb. Our steel deliveries in India expanded by 4% in the first nine months with improvements in product mix. We continue to drive value accretive growth in our chosen segments and our performance in key segments such as auto was robust despite the sector being impacted by the semiconductor shortage. Our European operations continue to perform underpinned by strong improvement in realizations.”</p><p>-------------------------------------------------------------------------</p><p>Oct-Dec2021 - India</p><p>Production - 4.81 million tonnes, up 2% QoQ</p><p>Deliveries - 4.42 million tonnes, down 3% QoQ</p><p>Turnover – INR 33,641 crore, down 2% QoQ</p><p>EBITDA– INR 12,422 crore, down 10% QoQ</p><p>EBITDA per tonne– INR 28,144 per tonne, down 7% QoQ</p><p>Net Profit– INR 7,787 crore, down 12% QoQ</p><p>India includes Tata Steel Standalone and Tata Steel Long Products</p><p>----------------------------------------------------------------------------</p><p>Oct-Dec2021 - Consolidated</p><p>Production - 7.76 million tonnes, flat QoQ</p><p>Deliveries - 7.01 million tonnes, down 5% QoQ</p><p>Turnover– INR 60,783 crore, up 1% QoQ</p><p>EBITDA– INR 15,853 crore, down 5% QoQ</p><p>EBITDA per tonne– INR 22,663 per tonne, down 6% QoQ</p><p>Net Profit– INR 9,598 crore, down 24% QoQ</p><p>----------------------------------------------------------------------------</p><p>The company has spent INR 2,790 crores on capex during the quarter. Work on the Pellet plant, the Cold Roll Mill complex and the 5 MTPA expansions at Kalinganagar is ongoing</p><p>Tata Steel Long Products, a subsidiary of Tata Steel, has been announced as the winner of the bidding process to acquire 93.71% stake in the 1 million ton per annum Neelachal Ispat Nigam Limited</p><p>Europe operations – Revenues increased by 7% QoQ and 56%YoY to GBP 2,246 million in 3QFY22. EBITDA was £290 million which translates to an EBITDA per ton of GBP 134.</p>
