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
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.
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.
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.
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.
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.
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
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.
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.
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.