cURL Error: 0 Tata Steel June quarter profit despite decline in sales volume profit of 2,007 crores - PratapDarpan
Home Market Insight Tata Steel June quarter profit despite decline in sales volume profit of...

Tata Steel June quarter profit despite decline in sales volume profit of 2,007 crores

0

The unified net profit of Tata Steel was twice the year to 2,007.36 crore in the June quarter, helping to reduce its loss in the UK unit and improved its profitability for its performance in India. Profit surpasses market estimates.

This reduced the amount of unified sales, which dropped 6.6% in the quarter to .1.1 million tonnes. In India, the company sold 75.7575 million tonnes of steel, a decline of 8.8% a year ago.

“The Glast furnace in Jamshedpur is at an advanced stage of completion and with Kalinganagar moving forward, parts of India are expected to be greater in the next quarter,” Chief Financial Officer Kushik Chatterjee said.

For its operation in the UK, a year ago, the revenue of Rs 6,810 crore was Rs 6,096 crore, but a year ago, the reduction of aliBDA has increased by more than Rs 468 crore. In the Netherlands, the company made EBITD worth Rs 612 crore in the quarter, which was Rs. 453 crore, while EBITDA was Rs 4,080 per tonne from 3,075 rupees a year ago.

While the Global Steel Major was united in the June quarter, the revenue from Rs 54,771 crore was Rs 53,178 crore a year ago, while its unified earnings before interest, tax, depreciation and or or orientation (EBITDA) increased by 10% on the year. 7,480 crore.

Living events

      Operating pearing margins were up to 14%, while EBITDA at a unified level of one ton of Rs. EBITD improves at Rs 10,470 compared to 9,407. For its operations in India, the adjusted EBITD made on each ton steel has risen from Rs 14,236 to Rs 15,760 a year ago, while the margin was significantly 24%.

      “The feeling of high steel offset the decline in the geographical parts,” Chatterjee said. “Our Coast Transformation Program, focusing on multiple liver, including operating pairing KPI, supply chain and procurement, has delivered around Rs 2,900 crore during the quarter.”

      Tata Steel cost Rs. 3,829 crore was spent. Its net debt was Rs. It has increased from 82,579 crore to 84,835 crore. The net debt was 82,162 crore at the end of the June quarter last year.

      Tata Steel TP It also announced the purchase of 26% of the stake in the hawks, which is a fully owned unit of Tata Power Renewable Energy Raza, up to Rs 6 crore in one or more branch.

      “The purpose of editing is to replace Tata Steel’s power Coast and carbon footprint with cost -effective renewable power,” the company said in a statement. TP Adarsh is yet to start.

      (Now you can subscribe to our Etmarkets WhatsApp channel)

      NO COMMENTS

      LEAVE A REPLY

      Please enter your comment!
      Please enter your name here

      Exit mobile version