Tata Steel Regulatory News (TTST)

Standalone Financial Results for the Quarter ended on 30th June 2012

PART I

`Crores

Particulars

Quarterended on30.06.2012

Quarterended on31.03.2012

Quarterended on30.06.2011

Financial Year ended on 31.03.2012

Audited

Audited

Audited

Audited

1

Income from operations

a)

Net sales / income from operations (net of excise duty)

8,820.19

9,375.91

7,792.20

33,614.88

b)

Other operating income

87.84

103.52

68.05

318.58

Total income from operations (net) [ 1(a) + 1(b) ]

8,908.03

9,479.43

7,860.25

33,933.46

2

Expenses

a)

Changes in inventories of finished goods, work-in-progress and stock-in-trade

(496.56)

187.18

(254.74)

(220.72)

b)

Purchases of finished, semi-finished steel & other products

77.03

64.24

37.34

209.52

c)

Raw materials consumed

2,422.62

2,147.35

1,790.25

8,014.37

d)

Employee benefits expense

859.13

936.33

687.00

3,047.26

e)

Purchase of power

547.78

460.28

459.33

1,803.72

f)

Freight and handling charges

481.88

463.63

406.43

1,703.98

g)

Depreciation and amortisation expense

354.39

289.96

285.30

1,151.44

h)

Other expenses

2,236.33

2,228.81

1,619.83

7,838.56

Total expenses (2a to 2h)

6,482.60

6,777.78

5,030.74

23,548.13

3

Profit / (Loss) from operations before other income, finance costs, exceptional items & Tax [1 - 2]

2,425.43

2,701.65

2,829.51

10,385.33

4

Other income

151.89

182.93

256.36

886.43

5

Profit / (Loss) from operations before finance costs, exceptional items & tax [3 + 4]

2,577.32

2,884.58

3,085.87

11,271.76

6

Finance costs

454.44

513.96

453.65

1,925.42

7

Profit / (Loss) before exceptional items & tax [5 - 6]

2,122.88

2,370.62

2,632.22

9,346.34

8

Exceptional items :

a)

Profit on sale of non current investments

-

-

511.01

511.01

9

Profit / (Loss) before tax [ 7 + 8 ]

2,122.88

2,370.62

3,143.23

9,857.35

10

Tax expense

766.32

810.11

923.80

3,160.93

11

Net Profit / (Loss) for the period [9 - 10]

1,356.56

1,560.51

2,219.43

6,696.42

12

Paid-up equity share capital[Face value `10 per share]

971.41

971.41

959.41

971.41

13

Reserves excluding revaluation reserves

51,649.95

14

Basic earnings per share (not annualised) - in Rupees(after exceptional items)

13.51

15.65

22.74

67.84

15

Diluted earnings per share (not annualised) - in Rupees(after exceptional items)

13.51

15.45

21.74

66.62

PART II

Select information for the Quarter ended on 30th June 2012

Quarterended on30.06.2012

Quarterended on31.03.2012

Quarterended on30.06.2011

Financial Year ended on 31.03.2012

A

Particulars of Shareholding

1

Aggregate of public shareholding

Number of shares

649,564,258

648,608,999

641,730,802

648,608,999

% of shareholding

68.08%

68.05%

68.61%

68.05%

2

Promoters and promoter group shareholding

a)

Pledged / encumbered

- Number of shares

10,000,000

10,000,000

10,000,000

10,000,000

- % of shares to total share holding of promoter & promoter group

3.28%

3.28%

3.41%

3.28%

- % of shares to total share capital of the company

1.03%

1.03%

1.04%

1.03%

b)

Non-encumbered

- Number of shares

294,514,362

294,514,362

283,549,520

294,514,362

- % of shares to total share holding of promoter & promoter group

96.72%

96.72%

96.59%

96.72%

- % of shares to total share capital of the company

30.32%

30.32%

29.56%

30.32%

Particulars

Quarterended on 30.06.2012

B

Investor complaints

Pending at the beginning of the Quarter

7

Received during the quarter

47

Disposed off during the quarter

49

Remaining unresolved at the end of the quarter

5

Standalone Segment Revenue, Results and Capital Employed

`Crores

Particulars

Quarterended on30.06.2012

Quarterended on31.03.2012

Quarterended on30.06.2011

Financial Yearended on 31.03.2012

Audited

Audited

Audited

Audited

Revenue by Business Segment:

Steel business

8,193.20

8,681.47

7,301.00

31,307.93

Ferro Alloys and Minerals

711.60

720.16

536.84

2,473.98

Others

494.93

537.45

497.85

2,002.42

Total

9,399.73

9,939.08

8,335.69

35,784.33

Less: Inter segment revenue

491.70

459.65

475.44

1,850.87

Net sales / income from operations

8,908.03

9,479.43

7,860.25

33,933.46

Segment results before finance costs, exceptional items and tax:

Steel business

2,428.62

2,810.33

2,691.25

10,276.29

Ferro Alloys and Minerals

186.66

129.19

153.97

530.45

Others

12.72

18.96

21.24

63.61

Unallocated income / (expenditure)

(50.68)

(73.90)

219.41

401.41

Total Segment results before finance costs, exceptional items and tax

2,577.32

2,884.58

3,085.87

11,271.76

Less: Finance costs

454.44

513.96

453.65

1,925.42

Profit / (Loss) before exceptional items & tax

2,122.88

2,370.62

2,632.22

9,346.34

Exceptional items:

Profit on sale of non current investments

-

-

511.01

511.01

Profit / (Loss) before tax

2,122.88

2,370.62

3,143.23

9,857.35

Less: Tax expense

766.32

810.11

923.80

3,160.93

Net Profit / (Loss)

1,356.56

1,560.51

2,219.43

6,696.42

Segment Capital Employed:

Steel business

27,892.47

26,147.62

16,548.97

26,147.62

Ferro Alloys and Minerals

267.36

195.43

(19.51)

195.43

Others

260.53

243.39

217.04

243.39

Unallocated

1,373.72

4,508.89

8,544.67

4,508.89

Total

29,794.08

31,095.33

25,291.17

31,095.33

Consolidated Financial Results for the Quarter ended on 30th June 2012

PART I

`Crores

Particulars

Quarterended on30.06.2012

Quarterended on31.03.2012

Quarterended on30.06.2011

Financial Yearended on 31.03.2012

Unaudited

Unaudited

Unaudited

Audited

1

Income from operations

a)

Net sales / income from operations (net of excise duty)

33,547.73

33,860.08

32,925.68

132,257.36

b)

Other operating income

273.47

138.49

74.49

642.34

Total income from operations (net) [ 1(a) + 1(b) ]

33,821.20

33,998.57

33,000.17

132,899.70

2

Expenses

a)

Changes in inventories of finished goods, work-in-progress and stock-in-trade

(2,673.01)

911.07

(2,391.44)

(785.93)

b)

Purchases of finished, semi-finished steel & other products

6,138.14

5,428.51

6,058.09

21,073.43

c)

Raw materials consumed

11,584.64

10,224.90

11,520.23

45,457.54

d)

Employee benefits expense

4,782.48

4,722.10

4,231.59

17,228.64

e)

Purchase of power

1,390.61

1,274.34

1,209.29

4,915.45

f)

Freight and handling charges

1,735.81

1,761.09

1,617.01

6,659.54

g)

Depreciation and amortisation expense

1,307.98

1,093.07

1,150.79

4,516.65

h)

Other expenses

7,459.25

6,497.73

6,298.17

25,934.24

Total expenses (2a to 2h)

31,725.90

31,912.81

29,693.73

124,999.56

3

Profit / (Loss) from operations before other income, finance costs, exceptional items & tax [1 - 2]

2,095.30

2,085.76

3,306.44

7,900.14

4

Other income

289.38

222.02

761.25

1,573.03

5

Profit / (Loss) from operations before finance costs, exceptional items & tax [3 + 4]

2,384.68

2,307.78

4,067.69

9,473.17

6

Finance costs

969.01

1,128.00

1,012.95

4,250.11

7

Profit / (Loss) before exceptional items & tax [5 - 6]

1,415.67

1,179.78

3,054.74

5,223.06

8

Exceptional items :

a)

Profit on sale of non current investments

-

-

3,361.92

3,361.92

9

Profit / (Loss) before tax [ 7 + 8 ]

1,415.67

1,179.78

6,416.66

8,584.98

10

Tax expense

898.63

976.60

1,122.99

3,636.46

11

Net Profit / (Loss) for the period [9 - 10]

517.04

203.18

5,293.67

4,948.52

12

Minority interest

39.89

30.10

24.81

173.14

13

Share of profit / (loss) of associates

40.95

200.18

28.07

268.11

14

Net Profit / (Loss) after taxes, minority interest and share of profit /(loss) of associates [ 11 + 12 + 13 ]

597.88

433.46

5,346.55

5,389.77

15

Paid-up equity share capital[Face value `10 per share]

971.41

971.41

958.74

971.41

16

Reserves excluding revaluation reserves

42,049.71

17

Basic earnings per share (not annualised) - in Rupees(after exceptional items)

5.69

4.02

55.38

54.28

18

Diluted earnings per share (not annualised) - in Rupees(after exceptional items)

5.69

4.02

52.36

53.63

Consolidated Segment Revenue, Results and Capital Employed

`Crores

Particulars

Quarterended on30.06.2012

Quarterended on31.03.2012

Quarterended on30.06.2011

Financial Yearended on 31.03.2012

Unaudited

Unaudited

Unaudited

Audited

Revenue by Business Segment:

Steel business

32,400.89

32,272.73

31,698.78

127,242.72

Others

3,660.69

3,866.27

3,334.07

13,496.58

Unallocated

238.59

396.97

422.77

1,663.82

Total

36,300.17

36,535.97

35,455.62

142,403.12

Less: Inter segment revenue

2,478.97

2,537.40

2,455.45

9,503.42

Net sales / income from operations

33,821.20

33,998.57

33,000.17

132,899.70

Segment results before finance costs, exceptional items and tax:

Steel business

2,718.07

2,703.38

3,620.23

9,575.83

Others

197.82

70.79

91.73

102.21

Unallocated income / (expenditure)

147.88

2,356.28

870.09

4,431.65

Less: Inter segment eliminations

679.09

2,822.67

514.36

4,636.52

Total Segment results before finance costs, exceptional items and tax

2,384.68

2,307.78

4,067.69

9,473.17

Less: Finance costs

969.01

1,128.00

1,012.95

4,250.11

Profit / (Loss) before exceptional items & tax

1,415.67

1,179.78

3,054.74

5,223.06

Exceptional items:

Profit on sale of non current investments

-

-

3,361.92

3,361.92

Profit / (Loss) before tax

1,415.67

1,179.78

6,416.66

8,584.98

Less: Tax expense

898.63

976.60

1,122.99

3,636.46

Net Profit / (Loss)

517.04

203.18

5,293.67

4,948.52

Segment Capital Employed:

Steel business

83,920.25

77,632.32

66,847.73

77,632.32

Others

4,935.92

4,263.56

4,555.48

4,263.56

Unallocated

1,579.34

6,682.53

14,408.50

6,682.53

Inter segment eliminations

(545.45)

(441.49)

(80.10)

(441.49)

Total

89,890.06

88,136.92

85,731.61

88,136.92