Firms/companies > T > Tata Steel
06 May 2021
Tata Steel has posted consolidated net (after-tax) profit of Rs7,162 crore for the quarter ended 31 March 2021, with stellar operating performance. The company had registered a net loss of Rs1,481.3 crore in the year-ago quarter.
The board of directors recommended a dividend of Rs25 per fully paid equity share and Rs6.25 per partly paid equity shares.
Consolidated revenue from operations for the January-March 2021 quarter stood at Rs49,977.4 crore, up 38.8 per cent compared to Rs36,009.4 crore reported in the corresponding quarter of the previous fiscal.
Earnings before interest, taxes, depreciation and amortisation (EBITDA), on a consolidated basis, for the quarter ended 31 March 2021 stood at Rs14,290 crore while consolidated after-tax profit for the quarter stood at Rs7,162 crore.
Tata Steel embarks on promising debt reduction journey
Even after spending Rs 6,979 crore as capital expenditure Tata Steel generated a free cash flow of Rs 23,748 crore in the last financial year. It made a net borrowings repayment of Rs 30,560 crore
Nevin John | May 10, 2021 | Updated 23:22 IST
One more good year of high demand and lucrative margin will change the fortune of Tata Steel, which has reduced nearly Rs 30,000 crore debt in 2020-21. The steelmaker, which has been struggling with its $12 billion legacy acquisition of Corus Plc in 2007, has brought down its net debt to Rs 75,389 crore from Rs 1,04,779 crore in one year.
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Higher volumes, better realisations boost Tata Steel Q4 earnings
BL Research Bureau
The Q4FY21 results of Tata Steel added cheer to the already buoyant share price of the company. The stock went up by 3 per cent on May 6, Thursday, to ₹1,103 following its results announcement post-market close on May 5.
The company reported healthy earnings for the quarter ended March 2021. The consolidated net profit was at ₹7,162 crore, as against A loss of ₹1,615 crore during the same period last year. The consolidated operating margins too skyrocketed to 28 per cent during the fourth quarter of FY21, as against 14 per cent a year-ago. The standalone performance has been impressive, with the operating margins at 43 per cent against 37 per cent in the third quarter and 26 per cent a year ago. While the year-ago period was impacted due to lockdown in Q4 FY20 and y-o-y improvement may partially be overstated due to this, it needs to be noted that performance in Q4 FY21 is still decent with
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Benchmark NSE Nifty index was trading 14.60 points up at 14311.00 on Thursday on account of buying in frontline bluechip counters.
Among the stocks that touched their 52-week highs on NSE were: Apollo Hospitals, Arvee Laboratories, Cadila, NBI Industrial Finance, Neuland Laboratories, Orient Refractories, RPG Life Sciences, Wipro, Tata Steel Long Products and Supreme Petrochem.
Overall, 25 shares were trading in green in Nifty50 index, while 24 were trading in red in the afternoon trade.
In the Nifty 50 index, Tata Steel, Wipro, JSW Steel, ICICI Bank and BPCL were among top gainers, while Titan Company , M&M, Shree Cements, HUL and Tech Mahindra were trading in red.