Tata Steel Limited Regulatory News (TTST)

TATA STEEL LTD

Regd. Office: BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI - 400 001

Audited Financial Results for the Quarter / Nine months ended on 31st December 2009

Particulars

Quarter ended on 31-12-2009

Quarter ended on 31-12-2008

Nine months ended on 31-12-2009

Nine months ended on 31-12-2008

Financial Year ended on  31-03-2009

(1)

(2)

(3)

(4)

(5)

(A)

1

Steel Production

Tonnes

1,687,659

1,234,764

4,749,056

3,751,202

5,374,939

2

Steel Sales

"

1,596,487

1,071,805

4,471,078

3,451,350

5,231,605

3

Export turnover (F.O.B. Value)

Rs. Crores

626.09

391.65

1,476.15

2,345.98

3,308.76

USD Mn

132.64

79.89

307.80

539.87

732.50

(B)

1

a)

Net Sales / Income from Operations

Rs. Crores

6,307.48

4,750.61

17,491.35

17,563.73

24,024.45

b)

Other Operating Income

"

67.40

59.79

191.19

213.04

291.32

2

Total Income [ 1(a) + 1(b) ]

"

6,374.88

4,810.40

17,682.54

17,776.77

24,315.77

3

Total Expenditure

a)

(Increase) / decrease in stock-in-trade

"

42.33

(636.02)

50.38

(1,222.21)

(289.27)

b)

Purchases of finished, semi-finished steel & other products

"

59.50

93.10

120.05

329.68

358.87

c)

Raw materials consumed

"

1,422.31

1,610.27

4,381.00

3,960.01

5,709.91

d)

Staff Cost

"

652.25

568.86

1,680.57

1,639.26

2,305.81

e)

Purchase of Power

"

303.19

263.54

929.42

803.53

1,091.37

f)

Freight and handling

"

358.14

262.23

981.19

897.79

1,251.23

g)

Depreciation

"

262.18

251.31

771.72

716.93

973.40

h)

Other Expenditure

"

1,380.26

1,173.70

3,718.58

3,688.95

4,754.42

i)

Total Expenditure (3a to 3h)

"

4,480.16

3,586.99

12,632.91

10,813.94

16,155.74

4

Profit / (Loss) from Operations before Other Income, Net Finance Charges & Exceptional Items & Tax (2 - 3)

"

1,894.72

1,223.41

5,049.63

6,962.83

8,160.03

5

Other Income

"

263.56

11.72

385.95

264.82

308.27

6

Profit / (Loss) from Operations before Net Finance Charges, Exceptional Items & Tax (4 + 5)

"

2,158.28

1,235.13

5,435.58

7,227.65

8,468.30

7

Net Finance Charges

"

415.72

348.20

1,149.88

844.75

1,152.69

8

Profit / (Loss) before Exceptional Items & Tax (6 - 7)

"

1,742.56

886.93

4,285.70

6,382.90

7,315.61

9

Exceptional Items

a)

Exchange Gain / (Loss)

"

-

(126.80)

-

(775.64)

-

Total Exceptional Items

"

-

(126.80)

-

(775.64)

-

10

Profit / (Loss) before Tax [ 8 + 9 ]

"

1,742.56

760.13

4,285.70

5,607.26

7,315.61

11

Tax Expense

"

550.81

293.89

1,401.18

1,864.81

2,113.87

12

Net Profit (+) / Loss (-) [ 10 - 11]

"

1,191.75

466.24

2,884.52

3,742.45

5,201.74

13

Paid-up Equity Share Capital [Face value Rs.10 per share]

"

887.41

730.78

887.41

730.78

730.79

14

Reserves excluding revaluation reserves

"

23,972.81

15

Basic Earnings per share (not annualised) (after Exceptional items)

Rupees

13.43

5.94

34.98

49.90

69.45

16

Diluted Earnings per share (not annualised) (after Exceptional items)

Rupees

13.24

5.67

33.39

45.53

62.94

17

Aggregate of public shareholding

Number of shares

Nos.

604,715,374

482,487,356

604,715,374

482,487,356

482,522,747

% of shareholding

%

68.56%

66.04%

68.56%

66.04%

66.05%

18

Promoters and promoter group shareholding

a)

Pledged / encumbered

- Number of shares

Nos.

97,400,000

97,400,000

98,900,000

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

%

35.13%

35.13%

39.87%

- % of shares to total sharecapital of the company

%

10.98%

10.98%

13.54%

b)

Non-encumbered

- Number of shares

Nos.

179,848,857

179,848,857

149,165,857

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

%

64.87%

64.87%

60.13%

- % of shares to total sharecapital of the company

%

20.27%

20.27%

20.41%

Segment Revenue, Results and Capital Employed

Rs.Crores

Particulars

Quarter

ended on

31-12-2009

Quarter

ended on

31-12-2008

Nine months

ended on

31-12-2009

Nine months

ended on

31-12-2008

Financial Year ended on 

31-03-2009

(1)

(2)

(3)

(4)

(5)

Revenue by Business Segment:

Steel business

5,832.53 

4,465.31 

16,232.04 

15,648.77 

21,666.67 

Ferro Alloys and Minerals

523.84 

399.43 

1,315.07 

2,154.07 

2,636.86 

Others

410.00 

315.49 

1,127.49 

1,226.94 

1,566.23 

Total

6,766.37 

5,180.23 

18,674.60 

19,029.78 

25,869.76 

Less: Inter segment revenue

391.49 

369.83 

992.06 

1,253.01 

1,553.99 

Net sales/ income from operations

6,374.88 

4,810.40 

17,682.54 

17,776.77 

24,315.77 

Segment results before net finance charges, exceptional items and tax:

Steel business

2,014.12 

1,284.64 

5,276.39 

6,071.55 

7,391.31 

Ferro Alloys and Minerals

113.88 

143.47 

201.80 

1,178.20 

1,233.94 

Others

16.29 

(61.72)

76.97 

5.00 

(29.54)

Unallocated income / (expenditure)

13.99 

(131.26)

(119.58)

(27.10)

(127.41)

Total Segment results before net finance charges, exceptional items and tax:

2,158.28 

1,235.13 

5,435.58 

7,227.65 

8,468.30 

Less: Net Finance Charges

415.72 

348.20 

1,149.88 

844.75 

1,152.69 

Profit / (Loss) before exceptional items & tax

1,742.56 

886.93 

4,285.70 

6,382.90 

7,315.61 

Exceptional Items:

Exchange Gain / (Loss)

-

(126.80)

-

(775.64)

-

Profit / (Loss) before tax

1,742.56 

760.13 

4,285.70 

5,607.26 

7,315.61 

Less: Tax Expense

550.81 

293.89 

1,401.18 

1,864.81 

2,113.87 

Net Profit (+) / Loss (-) 

1,191.75 

466.24 

2,884.52 

3,742.45 

5,201.74 

Segment Capital Employed:

Steel business

12,125.32 

13,840.58 

12,125.32 

13,840.58 

12,730.41 

Ferro Alloys and Minerals

294.71 

545.97 

294.71 

545.97 

425.51 

Others

248.04 

325.33 

248.04 

325.33 

278.67 

Unallocated

3,802.05 

4,689.72 

3,802.05 

4,689.72 

2,111.06 

Total

16,470.12 

19,401.60 

16,470.12 

19,401.60 

15,545.65 

Opening Balance

Received during the quarter

Resolved during the quarter

Closing Balance

22

685

233

474*