
As companies continue to release their Q3 results, we have presented readers with a summary of the net profit, revenue, and other parameters. Today, we will offer a detailed account of the Quarter 3 results of Tata Steel Ltd, which was released on 4 February. Read on below!
Key Highlights from the Tata Steel Ltd.’s Q3 Report
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Consolidated Net Profit: This company has reported a value of Rs. 9,573 crores on this parameter. This figure is up by 159% from Rs. 3,697, declared a year ago.
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Consolidated Revenues: India’s largest steelmaker in the private sector reports consolidated revenue of Rs. 60,783 crores. The figure is up 45% from Rs. 41,935 in the previous year for Quarter 3. Moreover, during the last quarter, the revenues stood at Rs. 60,387 crores.
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Operational Performance: Tata Steel Ltd. produced 7.76 million tons of steel during Q3 2021. It is comparable to the 7.77 million tons made in the previous quarter and a little higher than 7.74 million tons of the same period in the year-ago quarter.
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Sales Volume: This figure declined during this quarter. Tata Steel Ltd. sold 7.01 million tons of steel during Q3. This figure is a decline of 5.4% compared to 7.41 million tons sold in the same period a year ago. In addition, compared to the previous quarter, the decrease is 5.1% from 7.39 million tons.
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Consolidated EBITDA: The EBITDA was fixed at Rs. 15,853 crores for the quarter. This value is higher by 64% from Rs. 9,652 crores were reported for Q3 in the previous year. However, this figure has decreased 5% from Rs. 16,618 crores of the prior quarter.
Bottom Line
Indian steel continues to grow as the 3rd wave of COVID-19 begins to ebb. Moreover, the European divisions of Tata Steel Ltd. continue to perform well. Furthermore, this company produced substantial operating cash flows in this quarter.
Frequently Asked Questions
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What is the price of each share of Tata Steel?
Ans. As of writing, the price of each share of Tata Steel is Rs. 1,182.70 on the National Stock Exchange.
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By how much has this company reduced its debts?
Ans. Tata Steel Ltd. has repaid debts of Rs. 17,736 reducing the company’s net debt to Rs. 62,689.
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What was the consolidated free cash flow?
Ans. The consolidated free cash flow was Rs. 6,338 crores.
Disclaimer: This blog is exclusively for educational purposes and does not provide any advice/tips on investment or recommend buying and selling any stock.