Tata Steel has reported that Consolidated Revenues stood at INR 59,878 crores and consolidated EBITDA at INR 6,271 crores, with an EBITDA margin of 10% and Consolidated Profit after tax stood at INR 1,297 crores for July-September 2022 quarterProduction - 7.56 million tonne, down 3% YoYDeliveries - 7.23 million tonne, down 2% YoYTurnover – INR 59,878 crore, down 1% YoYAdjusted EBITDA - INR 5,817 crore, down 67% YoYAdjusted EBITDA per ton - INR 8,045 per ton, down 67% YoYReported Profit after Tax - INR 1,297 crore, down 90% YoY--------------------Tata Steel IndiaProduction - 4.80 million tonne, down 1% YoYDeliveries - 4.91 million tonne, down 7% YoYTurnover - INR 34,114 crore, down 1% YoYAdjusted EBITDA - INR 3,929 crore, down 72%Adjusted EBITDA per ton - INR 7,997 crore, down 74% YoYReported Profit after Tax - INR 1,993 crore, down 77% YoY Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran said “Concerns about slowdown in key economies, persisting geopolitical issues coupled with seasonal factors led to a volatile operating environment. Despite these headwinds, Tata Steel registered best ever domestic sales in India enabled by a strong product portfolio and an extensive distribution network which services end to end requirements in chosen segments. Mr TV Narendran also added Our 6 MTPA pellet plant at Kalinganagar is coming on stream shortly and will deliver significant benefits by reducing costs. We will begin the phased commissioning of the 2.2 MTPA state of the art Cold Rolling Mill complex and the 5 MTPA capacity expansion at Kalinganagar thereafter. Despite multiple challenges, we were successful in commissioning Neelachal Ispat Nigam Limited (NINL) within 3 months of acquisition and the ramp-up is progressing well. We have commenced work at our new 0.75 MTPA Electric Arc Furnace at Punjab, strategically located in proximity to the market and the scrap generating auto hub in North India. Further, in Netherlands, Tata Steel along with its customers has embarked on the journey to be carbon neutral through Zeremis, a flexible solution that lets you choose the carbon emission intensity reduction”
Tata Steel has reported that Consolidated Revenues stood at INR 59,878 crores and consolidated EBITDA at INR 6,271 crores, with an EBITDA margin of 10% and Consolidated Profit after tax stood at INR 1,297 crores for July-September 2022 quarterProduction - 7.56 million tonne, down 3% YoYDeliveries - 7.23 million tonne, down 2% YoYTurnover – INR 59,878 crore, down 1% YoYAdjusted EBITDA - INR 5,817 crore, down 67% YoYAdjusted EBITDA per ton - INR 8,045 per ton, down 67% YoYReported Profit after Tax - INR 1,297 crore, down 90% YoY--------------------Tata Steel IndiaProduction - 4.80 million tonne, down 1% YoYDeliveries - 4.91 million tonne, down 7% YoYTurnover - INR 34,114 crore, down 1% YoYAdjusted EBITDA - INR 3,929 crore, down 72%Adjusted EBITDA per ton - INR 7,997 crore, down 74% YoYReported Profit after Tax - INR 1,993 crore, down 77% YoY Tata Steel Chief Executive Officer & Managing Director Mr TV Narendran said “Concerns about slowdown in key economies, persisting geopolitical issues coupled with seasonal factors led to a volatile operating environment. Despite these headwinds, Tata Steel registered best ever domestic sales in India enabled by a strong product portfolio and an extensive distribution network which services end to end requirements in chosen segments. Mr TV Narendran also added Our 6 MTPA pellet plant at Kalinganagar is coming on stream shortly and will deliver significant benefits by reducing costs. We will begin the phased commissioning of the 2.2 MTPA state of the art Cold Rolling Mill complex and the 5 MTPA capacity expansion at Kalinganagar thereafter. Despite multiple challenges, we were successful in commissioning Neelachal Ispat Nigam Limited (NINL) within 3 months of acquisition and the ramp-up is progressing well. We have commenced work at our new 0.75 MTPA Electric Arc Furnace at Punjab, strategically located in proximity to the market and the scrap generating auto hub in North India. Further, in Netherlands, Tata Steel along with its customers has embarked on the journey to be carbon neutral through Zeremis, a flexible solution that lets you choose the carbon emission intensity reduction”
