Tata Steel Regulatory News (TTST)

Standalone Financial Results for the Quarter ended on 30th June 2015

PART I

₹ Crores

Particulars

Quarterended on30.06.2015

Quarterended on31.03.2015

Quarterended on30.06.2014

Financial Year ended on 31.03.2015

Audited

Audited

Audited

Audited

1

Income from operations

a)

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

9,005.89

10,522.68

10,381.24

41,433.82

b)

Other operating income

87.82

112.21

87.02

351.18

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

9,093.71

10,634.89

10,468.26

41,785.00

2

Expenses

a)

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

(169.03)

564.47

(343.46)

(745.17)

b)

Purchases of finished, semi-finished steel & other products

236.43

212.42

67.92

688.32

c)

Raw materials consumed

2,300.47

2,713.05

2,563.99

11,707.83

d)

Employee benefits expense

1,082.34

1,168.07

1,128.14

4,601.92

e)

Purchase of power

694.30

634.82

721.28

2,570.16

f)

Freight and handling charges

695.35

771.26

690.92

2,883.32

g)

Depreciation and amortisation expense

468.24

572.46

493.26

1,997.59

h)

Other expenses

2,565.16

2,891.90

2,383.61

10,069.82

Total expenses [2(a) to 2(h)]

7,873.26

9,528.45

7,705.66

33,773.79

3

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

1,220.45

1,106.44

2,762.60

8,011.21

4

Other income

748.84

68.60

143.50

582.78

5

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

1,969.29

1,175.04

2,906.10

8,593.99

6

Finance costs

395.97

532.37

492.34

1,975.95

7

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

1,573.32

642.67

2,413.76

6,618.04

8

Exceptional items :

a)

Profit on sale of non current investments

105.87

18.14

787.96

806.10

b)

Profit on sale of non current assets

-

-

-

1,146.86

c)

Provision for diminution in value of investments/doubtful advances

-

(198.40)

-

(198.40)

d)

(Provision)/ Reversal of impairment of non-current assets

-

136.29

-

136.29

Total exceptional items [8(a) to 8(d)]

105.87

(43.97)

787.96

1,890.85

9

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

1,679.19

598.70

3,201.72

8,508.89

10

Tax expense

a)

Current tax

390.34

(313.98)

893.27

1,908.60

b)

MAT credit

(49.62)

(117.21)

-

(117.21)

c)

Deferred tax

89.86

215.80

40.47

278.38

Total tax expense [10(a) to 10(c)]

430.58

(215.39)

933.74

2,069.77

11

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

1,248.61

814.09

2,267.98

6,439.12

12

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

971.41

971.41

971.41

971.41

13

Reserves excluding revaluation reserves

65,692.48

14

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

12.41

7.94

22.90

64.49

15

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

12.41

7.94

22.90

64.49

PART II

Select information for the Quarter ended on 30th June 2015

Quarterended on30.06.2015

Quarterended on31.03.2015

Quarterended on30.06.2014

Financial Year ended on 31.03.2015

A

Particulars of Shareholding

1

Aggregate of public shareholding

Number of shares

 6474,14,648

6487,93,230

6432,73,897

6487,93,230

% of shareholding

68.01%

68.06%

67.87%

68.06%

2

Promoters and promoter group shareholding

a)

Pledged / encumbered

- Number of shares

274,00,000

274,00,000

274,00,000

274,00,000

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

9.00%

9.00%

9.00%

9.00%

- % of shares to total share capital of the company

2.82%

2.82%

2.82%

2.82%

b)

Non-encumbered

- Number of shares

2771,14,362

2771,14,362

2771,14,362

2771,14,362

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

91.00%

91.00%

91.00%

91.00%

- % of shares to total share capital of the company

28.53%

28.53%

28.53%

28.53%

Particulars

Quarterended on30.06.2015

B

Investor complaints

Pending at the beginning of the Quarter

7

Received during the quarter

20

Disposed off during the quarter

21

Remaining unresolved at the end of the quarter

6

Of the total 6 unresolved complaints, 3 complaints were subsequently resolved.

Standalone Segment Revenue, Results and Capital Employed

₹ Crores

Particulars

Quarterended on30.06.2015

Quarterended on31.03.2015

Quarterended on30.06.2014

Financial Year ended on 31.03.2015

Audited

Audited

Audited

Audited

Revenue by Business Segment:

Steel business

8,767.69

10,336.34

9,967.06

40,343.85

Ferro Alloys and Minerals

274.97

215.32

447.35

1,154.89

Others

539.62

580.36

589.26

2,378.39

Total

9,582.28

11,132.02

11,003.67

43,877.13

Less: Inter segment revenue

488.57

497.13

535.41

2,092.13

Net sales / income from operations

9,093.71

10,634.89

10,468.26

41,785.00

Segment results before finance costs, exceptional items and tax 

Steel business

1,314.48

1,329.81

2,825.98

8,749.47

Ferro Alloys and Minerals

8.30

(37.84)

107.35

108.79

Others

6.80

13.57

16.44

48.64

Unallocated income / (expenditure)

639.71

(130.50)

(43.67)

(312.91)

Total Segment results before finance costs, exceptional items and tax

1,969.29

1,175.04

2,906.10

8,593.99

Less: Finance costs

395.97

532.37

492.34

1,975.95

Profit / (Loss) before exceptional items and tax

1,573.32

642.67

2,413.76

6,618.04

Exceptional items:

Profit on sale of non current investments

105.87

18.14

787.96

806.10

Profit on sale of non current assets

-

-

-

1,146.86

Provision for diminution in value of investments/doubtful advances

-

(198.40)

-

(198.40)

(Provision)/ Reversal of impairment of non-current assets

-

136.29

-

136.29

Profit / (Loss) before tax

1,679.19

598.70

3,201.72

8,508.89

Less: Tax expense

430.58

(215.39)

933.74

2,069.77

Net Profit / (Loss)

1,248.61

814.09

2,267.98

6,439.12

Segment Capital Employed:

Steel business

48,483.87

47,257.07

40,731.46

47,257.07

Ferro Alloys and Minerals

299.36

266.32

323.73

266.32

Others

106.19

107.51

142.55

107.51

Unallocated

(1,131.77)

(855.12)

(1,643.80)

(855.12)

Total

47,757.65

46,775.78

39,553.94

46,775.78

Consolidated Financial Results for the Quarter / Three Months ended on 30th June 2015

PART I

₹ Crores

Particulars

Quarterended on30.06.2015

Quarterended on31.03.2015

Quarterended on30.06.2014

Financial Year ended on 31.03.2015

Unaudited

Unaudited

Unaudited

Audited

1

Income from operations

a)

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

29,900.10

33,336.81

36,146.77

1,38,318.91

b)

Other operating income

400.23

329.37

280.44

1,184.82

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

30,300.33

33,666.18

36,427.21

1,39,503.73

2

Expenses

a)

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

(490.43)

2,164.12

(592.64)

1,092.95

b)

Purchases of finished, semi-finished steel & other products

2,842.38

2,459.33

4,128.80

13,804.22

c)

Raw materials consumed

8,693.12

8,810.99

11,010.12

40,770.27

d)

Employee benefits expense

4,895.75

5,426.06

5,632.15

21,407.64

e)

Purchase of power

1,448.47

1,435.18

1,606.67

5,913.28

f)

Freight and handling charges

2,031.03

2,300.82

2,190.28

8,811.41

g)

Depreciation and amortisation expense

1,346.50

1,512.72

1,550.28

5,943.60

h)

Other expenses

8,105.77

9,526.71

8,179.26

35,168.21

Total expenses [2(a) to 2(h)]

28,872.59

33,635.93

33,704.92

1,32,911.58

3

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

1,427.74

30.25

2,722.29

6,592.15

4

Other income

762.17

139.41

216.14

796.18

5

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

2,189.91

169.66

2,938.43

7,388.33

6

Finance costs

1,098.03

1,195.19

1,252.37

4,847.75

7

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

1,091.88

 (1,025.53)

1,686.06

2,540.58

8

Exceptional items :

a)

Profit on sale of non current investments

158.43

3.02

1,314.17

1,315.34

b)

Profit on sale of non current assets

-

-

-

1,146.86

c)

Provision for diminution in value of investments

-

(338.30)

-

(338.30)

d)

Provision for impairment of non-current assets

-

(4,475.92)

(1,576.65)

(6,052.57)

Total exceptional items [8(a) to 8(d)]

158.43

(4,811.20)

(262.48)

(3,928.67)

9

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

1,250.31

 (5,836.73)

1,423.58

(1,388.09)

10

Tax expense

a)

Current tax

452.65

(248.47)

1,026.78

2,214.71

b)

MAT credit

(49.81)

(117.32)

-

(117.32)

c)

Deferred tax

112.53

231.34

53.63

470.02

Total tax expense [10(a) to 10(c)]

515.37

(134.45)

1,080.41

2,567.41

11

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

734.94

 (5,702.28)

343.17

(3,955.50)

12

Minority interest

6.78

15.40

(14.40)

13.29

13

Share of profit / (loss) of associates

21.24

12.59

8.56

16.69

14

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

762.96

 (5,674.29)

337.33

(3,925.52)

15

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

970.24

971.41

971.41

971.41

16

Reserves excluding revaluation reserves

30,378.00

17

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

7.42

(58.88)

3.02

(42.24)

18

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

7.42

(58.88)

3.02

(42.24)

Consolidated Segment Revenue, Results and Capital Employed

₹ Crores

Particulars

Quarterended on30.06.2015

Quarterended on31.03.2015

Quarterended on30.06.2014

Financial Year ended on 31.03.2015

Unaudited

Unaudited

Unaudited

Audited

Revenue by Business Segment:

Steel business

29,265.71

32,339.21

34,960.49

1,34,407.07

Others

2,837.86

3,204.19

3,400.63

12,419.88

Unallocated

290.67

378.28

337.42

1,448.14

Total

32,394.24

35,921.68

38,698.54

1,48,275.09

Less: Inter segment revenue

2,093.91

2,255.50

2,271.33

8,771.36

Net sales / income from operations

30,300.33

33,666.18

36,427.21

1,39,503.73

Segment results before finance costs, exceptional items and tax:

Steel business

1,737.26

625.03

3,292.98

9,500.78

Others

(7.74)

5.59

110.41

27.65

Unallocated income / (expenditure)

1,643.93

2,651.28

574.12

5,205.02

Less: Inter segment eliminations

1,183.54

3,112.24

1,039.08

7,345.12

Total Segment results before finance costs, exceptional items and tax

2,189.91

169.66

2,938.43

7,388.33

Less: Finance costs

1,098.03

1,195.19

1,252.37

4,847.75

Profit / (Loss) before exceptional items and tax

1,091.88

(1,025.53)

1,686.06

2,540.58

Exceptional items:

Profit on sale of non current investments

158.43

3.02

1,314.17

1,315.34

Profit on sale of non current assets

-

-

-

1,146.86

Provision for diminution in value of investments

-

(338.30)

-

(338.30)

Provision for impairment of non-current assets

-

(4,475.92)

(1,576.65)

(6,052.57)

Profit / (Loss) before tax

1,250.31

(5,836.73)

1,423.58

(1,388.09)

Less: Tax expense

515.37

(134.45)

1,080.41

2,567.41

Net Profit / (Loss)

734.94

(5,702.28)

343.17

(3,955.50)

Segment Capital Employed:

Steel business

1,07,705.06

1,04,754.17

1,05,286.27

1,04,754.17

Others

2,910.36

2,774.85

2,848.96

2,774.85

Unallocated

(5,779.02)

(4,867.87)

(4,425.00)

(4,867.87)

Inter segment eliminations

158.78

(33.77)

28.64

(33.77)

Total

1,04,995.18

1,02,627.38

1,03,738.87

1,02,627.38