INSUBCONTINENT EXCLUSIVE:
Tata Steel on Monday reported 112.76 per cent year-on-year (YoY) rise in consolidated net profit at Rs 1,954.02 crore for the quarter ended
The company had posted a profit of Rs 918.40 crore in the same quarter last year
Analysts in an ETNow poll had projected a profit of Rs 2,725 crore.
Consolidated revenue from operations increased to Rs 37,832.79 crore
for the quarter under review against Rs 30,973.33 crore in the same period last year.
The company reported an Ebitda of Rs 6,559 crore for
the quarter against Rs 6,579 crore in the year ago quarter
Consolidated ebitda margin came in at 17.3 per cent for the quarter under review.
The company said the liquidity position of the group
remains robust with approximately Rs 24,984 crore comprising of Rs13,086 crore in cash and cash equivalents and Rs11,899 crores in undrawn
The capital expenditure for June quarter stood at Rs 1,931 crore
India domestic deliveries grew by 14 per cent YoY, significantly higher than the market, which saw a 9 per cent growth
All verticals saw strong growth, with our automotive and branded products segments contributing 19 per cent and 33 per cent of total
in Q1FY19; domestic deliveries grew by 13.7 per cent, stronger than 9.2 per cent overall steel demand growth in India
YoY to 2.45 million tonnes, however, declined 3.8 per cent on a sequential basis due to seasonally weaker quarter
The ebitda for the continent improved significantly by 42 per cent QoQ to 183 pounds on account of higher selling price and better
