| 
::: Annual Results :::
[
Annual Results Archives ]
TATA STEEL LIMITED
Regd. Office: BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI 400001
Audited Financial Results for the Quarter/ Year ended on
31st March, 2007
| |
|
|
Nine Months
ended on 31.12.2006 |
Quarter ended
on 31.03.2007 |
Corresponding
quarter ended on 31.03.2006 in the previous year |
Financial Year ended on 31.03.2007 |
Corresponding
Financial Year
ended on
31.03.2006 |
| |
|
|
(1) |
(2) |
(3) |
(4) |
(5) |
| (A) |
| 1 |
Steel Production |
Tonnes |
3,656,158 |
1,272,390 |
1,233,786 |
4,928,548 |
4,552,136 |
| 2 |
Steel Sales |
" |
3,533,464 |
1,260,549 |
1,255,865 |
4,794,012 |
4,418,311 |
| 3 |
Export turnover (F.O.B Value) |
Rs. Crores |
1,477.49 |
480.42 |
534.79 |
1,957.91 |
2,051.20 |
| |
|
US$ Mill |
322.81 |
111.37 |
119.86 |
434.18 |
463.74 |
| (B) |
| 1 |
Sales/Income from Operations |
Rs. Crores |
14,152.99 |
5,609.58 |
4,602.48 |
19,762.57 |
17,144.22 |
| |
Less: Excise Duty |
" |
1,581.41 |
629.14 |
501.95 |
2,210.55 |
1,928.72 |
| |
Net Sales/Income from Operations |
" |
12,571.58 |
4,980.44 |
4,100.53 |
17,552.02 |
15,215.50 |
| 2 |
Total Expenditure |
|
|
|
|
|
|
| |
a) (Increase)
/decrease in stock in trade |
" |
(147.88) |
65.41 |
160.71 |
(82.47) |
(104.91) |
| |
b) Purchases of finished, semi-finished steel and other products |
" |
340.14 |
110.46 |
125.10 |
450.60 |
656.08 |
| |
c) Raw Materials consumed |
" |
2,260.75 |
860.71 |
754.27 |
3,121.46 |
2,368.30 |
| |
d) Staff Cost |
" |
1,027.17 |
429.66 |
371.02 |
1,456.83 |
1,351.51 |
| |
e) Purchase of Power |
" |
680.16 |
241.53 |
228.95 |
921.69 |
819.17 |
| |
f) Freight and handling |
" |
818.77 |
298.68 |
281.08 |
1,117.45 |
1,004.32 |
| |
g) Other Expenditure |
" |
2,522.73 |
1,070.46 |
876.27 |
3,593.19 |
3,183.45 |
| |
h) Total Expenditure ( 2a to 2g) |
" |
7,501.84 |
3,076.91 |
2,797.40 |
10,578.75 |
9,277.92 |
| 3 |
Operating Profit (1-2) |
" |
5,069.74 |
1,903.53 |
1,303.13 |
6,973.27 |
5,937.58 |
| 4 |
Other Income |
" |
353.90 |
79.77 |
64.36 |
433.67 |
254.76 |
| 5 |
Interest (net) |
" |
129.09 |
44.81 |
19.48 |
173.90 |
124.51 |
| 6 |
Depreciation |
" |
589.93 |
229.36 |
193.27 |
819.29 |
775.10 |
| 7 |
Profit before Tax and Exceptional Items (3+4-5-6) |
" |
4,704.62 |
1,709.13 |
1,154.74 |
6,413.75 |
5,292.73 |
| 8 |
Exceptional Items |
|
|
|
|
|
|
| |
Employee Separation Compensation |
" |
(111.97) |
(40.13) |
34.39 |
(152.10) |
(52.77) |
| 9 |
Profit before Tax (7+8) |
" |
4,592.65 |
1,669.00 |
1,189.13 |
6,261.65 |
5,239.96 |
| 10 |
Provision for Current Taxation |
" |
1475.00 |
601.01 |
285.00 |
2,076.01 |
1,579.00 |
| 11 |
Provision for Deferred Taxation |
" |
(14.00) |
(38.51) |
109.27 |
(52.51) |
127.58 |
| 12 |
Provision for Fringe Benefits Tax |
" |
13.00 |
3.00 |
11.75 |
16.00 |
27.00 |
| 13 |
Net Profit (+) / Loss (-) (9-10-11-12) |
" |
3,118.65 |
1,103.50 |
783.11 |
4,222.15 |
3,506.38 |
| 14 |
Paid-up Equity Share Capital (Face Value : Rs 10 per Share) |
" |
580.67 |
580.67 |
553.67 |
580.67 |
553.67 |
| 15 |
Reserves excluding revaluation reserves |
" |
|
|
|
13,368.42 |
9,201.63 |
| 16 |
Basic and Diluted Earnings per Share (not annualised) (after exceptional items) |
Rupees |
54.74 |
19.01 |
14.15 |
73.76 |
63.35 |
| 17 |
Aggregate of Public Shareholding
Number of shares
% of shareholding |
Nos. |
404,816,773 |
403,316,773 |
405,186,773 |
403,316,773 |
405,186,773 |
| % |
69.74% |
69.48% |
73.21% |
69.48% |
73.21% |
NOTES:
1. Segment Revenue, Results and Capital Employed:
| (Rs. Crores) |
| Particulars |
Quarter ended on
31.03.2007 |
Quarter ended on
31.03.2006 |
Financial
Year ended on 31.03.2007 |
Corresponding
Financial Year
ended on
31.03.2006 |
| Revenue by Business Segment: |
| Steel business |
4,428.99 |
3,607.29 |
15,627.86 |
13.542.61 |
| Ferro Alloys and Minerals |
456.43 |
402.76 |
1,574.35 |
1,423.77 |
| Others |
353.29 |
285.43 |
1,257.50 |
1,007.61 |
| Total |
5,238.71 |
4,295.48 |
18,459.71 |
15,973.99 |
| Less: Inter segment revenue |
258.27 |
194.95 |
907.69 |
758.49 |
| Net sales/ income from operations |
4,980.44 |
4,100.53 |
17,552.02 |
15,215.50 |
Segment results before
Interest
Exceptional
items and Tax: |
| Steel business |
1,568.89 |
997.18 |
5,643.82 |
4,624.73 |
| Ferro Alloys and Minerals |
146.42 |
134.09 |
573.67 |
572.52 |
| Others |
0.34 |
15.49 |
53.62 |
54.13 |
| Total |
1,715.65 |
1,146.76 |
6,271.11 |
5,251.38 |
| Less : |
| Interest |
44.81 |
19.48 |
173.90 |
124.51 |
| Other
unallocable (income)/expenditure |
(38.29) |
(27.46) |
(316.54) |
(165.86) |
| Profit before Tax and Exceptional items |
1,709.13 |
1,154.74 |
6,413.75 |
5,292.73 |
| Exceptional items : |
| Employee Separation Compensation |
(40.13) |
34.39 |
(152.10) |
(52.77) |
| Profit before Tax |
1,669.00 |
1,189.13 |
6,261.65 |
5,239.96 |
| Less: Taxes |
565.50 |
406.02 |
2,039.50 |
1,733.58 |
| Profit after Tax |
1,103.50 |
783.11 |
4,222.15 |
3,506.38 |
| Segment Capital Employed: |
| Steel business |
10,625.37 |
10,389.38 |
10,625.37 |
10,389.38 |
| Ferro Alloys and Minerals |
149.90 |
189.35 |
149.90 |
189.35 |
| Others |
276.20 |
203.50 |
276.20 |
203.50 |
| Total |
11,051.47 |
10,782.23 |
11,051.47 |
10,782.23 |
| 2. |
Information on investor complaints pursuant to clause 41 of the listing agreement
for the quarter ended 31.3.2007:
| |
Opening balance |
Received during the quarter |
Resolved during the quarter |
Closing balance |
|
Complaints pertaining to
receipt of dividend
warrants for 2005-06 |
208 |
589 |
797 |
- |
|
Investor complaints |
2 |
13 |
12 |
3 |
|
- Figures for the previous period have been regrouped and reclassified to conform to
the classification of the current period, wherever necessary.
- The above results have been taken on record and approved by the Board in its
meeting of date.
- The Board of Directors has recommended a dividend of 130 % for the financial
year 2006-07 and a special dividend of 25 % on the occasion of the Centenary
year of the Company.
- The Annual General Meeting of the Company will be held on 18th July 2007 to
consider the accounts for the financial year 2006-07.
TATA STEEL LIMITED
| Mumbai: 17th May, 2007 |
Sd/- Ratan N. Tata
Chairman |
|
TATA STEEL LIMITED
Regd. Office: BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI 400001
Audited Consolidated Financial Results for the Quarter/
Year ended on 31st March, 2007
| |
|
|
Nine Months
ended on 31.12.2006 |
Quarter ended
on 31.03.2007 |
Corresponding
quarter ended on 31.03.2006 in the previous year |
Financial Year ended on
31.03.2007 |
Financial Year
ended on 31.03.2006 |
| 1 |
Sales/Income from Operations |
Rs. Crores |
19,331.99 |
8,105.30 |
5,829.95 |
27,437.29 |
22,272.14 |
| |
Less: Excise Duty |
" |
1,588.42 |
635.56 |
504.34 |
2,223.98 |
1,950.00 |
| |
Net Sales/Income from Operations |
" |
17,743.57 |
7,469.74 |
5,325.61 |
25,213.31 |
20,322.14 |
| 2 |
Total Expenditure |
|
|
|
|
|
|
| |
a) (Increase)
/decrease in stock in trade |
" |
(373.07) |
(167.15) |
259.08 |
(540.22) |
(47.00) |
| |
b) Purchases of finished, semi-finished steel |
" |
3,696.72 |
2,257.13 |
858.04 |
5,953.85 |
4,210.36 |
| |
c) Raw Materials consumed |
" |
2,529.91 |
687.63 |
778.66 |
3,217.54 |
2,495.40 |
| |
d) Staff Cost |
" |
1,349.25 |
537.72 |
450.40 |
1,886.97 |
1,672.46 |
| |
e) Purchase of Power |
" |
959.62 |
355.77 |
279.21 |
1,315.39 |
972.83 |
| |
f) Freight and handling |
" |
1,039.86 |
468.51 |
367.31 |
1,508.37 |
1,225.43 |
| |
g) Other Expenditure |
" |
3,059.01 |
1,362.25 |
942.17 |
4,421.26 |
3,448.25 |
| |
h) Total Expenditure ( 2a to 2g) |
" |
12,261.30 |
5,501.86 |
3,934.87 |
17,763.16 |
13,977.73 |
| 3 |
Operating Profit |
" |
5,482.27 |
1,967.88 |
1,390.74 |
7,450.15 |
6,344.41 |
| 4 |
Other Income |
" |
348.41 |
89.66 |
49.31 |
438.07 |
246.74 |
| 5 |
Interest (net) |
" |
224.20 |
186.99 |
30.51 |
411.19 |
161.60 |
| 6 |
Depreciation |
" |
729.32 |
281.66 |
215.11 |
1,010.98 |
860.37 |
| 7 |
Profit before Tax and Exceptional Items (3+4-5-6) |
" |
4,877.16 |
1,588.89 |
1,194.43 |
6,466.05 |
5,569.18 |
| 8 |
Exceptional Items |
|
|
|
|
|
|
| |
Employee Separation Compensation |
" |
(112.65) |
(40.38) |
33.93 |
(153.03) |
(54.20) |
| 9 |
Profit before Tax ( 7-8) |
" |
4,764.51 |
1,548.51 |
1,228.36 |
6,313.02 |
5,514.98 |
| 10 |
Provision for Current Taxation |
" |
1,525.82 |
619.70 |
290.70 |
2,145.52 |
1,619.97 |
| 11 |
Provision for Deferred Taxation |
" |
18.51 |
(34.03) |
122.63 |
(15.52) |
144.95 |
| 12 |
Provision for Fringe Benefits Tax |
|
14.08 |
3.33 |
12.27 |
17.41 |
28.99 |
| 13 |
Net Profit (+) / Loss (-) (9-10-11-12) |
" |
3,206.10 |
959.51 |
802.76 |
4,165.61 |
3,721.07 |
| 14 |
Share of Profits of Associates |
" |
53.56 |
25.62 |
10.57 |
79.18 |
32.19 |
| 15 |
Minority Interest |
" |
(46.76) |
(20.76) |
(0.11) |
(67.52) |
(18.64) |
| 16 |
Profits after Minority Interest and share of Profits of Associates ( 13 + 14 -15) |
" |
3,212.90 |
964.37 |
813.22 |
4,177.27 |
3,734.62 |
| 17 |
Paid-up Equity Share Capital ( Face Value : Rs 10 per Share ) |
" |
580.00 |
580.00 |
553.00 |
580.00 |
553.00 |
| 18 |
Reserves excluding revaluation reserves |
" |
|
|
|
13,894.09 |
9,728.84 |
| 19 |
Basic and Diluted Earnings per Share (not annualised) (after exceptional items) |
Rupees |
56.46 |
16.63 |
14.71 |
73.06 |
67.62 |
| NOTES: 1. Segment Revenue, Results and Capital
Employed
|
| (Rs. Crores) |
| Particulars |
Quarter ended on
31.03.2007
|
Corresponding quarter ended on
31.03.2006
in the Previous year |
Financial Year ended on
31.03.2007 |
Previous Financial Year ended on
31.03.2006 |
| Revenue by Business Segment: |
| Steel business |
6,937.66 |
4,493.64 |
22,638.17 |
17,757.36 |
| Ferro Alloys and Minerals |
454.54 |
402.76 |
1,572.46 |
1,423.77 |
| Others |
787.25 |
738.50 |
3,055.40 |
2,295.04 |
| Total |
8,179.45 |
5,634.90 |
27,266.03 |
21,476.17 |
| Less: Inter segment revenue |
709.71 |
309.29 |
2,052.72 |
1,154.03 |
| Net sales/ income from operations |
7,469.74 |
5,325.61 |
25,213.31 |
20,322.14 |
Segment results before Interest,
Exceptional items and Tax: |
| Steel business |
1,669.31 |
1,034.94 |
5,991.68 |
4,828.54 |
| Ferro Alloys and Minerals |
149.98 |
134.09 |
571.15 |
572.52 |
| Others |
(74.64) |
44.99 |
76.35 |
193.58 |
| Total |
1,744.65 |
1,214.02 |
6,639.18 |
5,594.64 |
| Less : |
| Interest |
186.99 |
30.51 |
411.19 |
161.60 |
| Other
unallocable (income)/expenditure |
(45.58) |
(34.34) |
(327.52) |
(174.21) |
| Inter
segment eliminations |
14.35 |
23.42 |
89.46 |
38.07 |
| Profit before Tax and Exceptional items |
1,588.89 |
1,194.43 |
6,466.05 |
5,569.18 |
| Exceptional items : |
| Employee Separation Compensation |
(40.38) |
33.93 |
(153.03) |
(54.20) |
| Profit before Tax |
1,548.51 |
1,228.36 |
6,313.02 |
5,514.98 |
| Less: Taxes |
589.00 |
425.60 |
2,147.41 |
1,793.91 |
| Profit after Tax |
959.51 |
802.76 |
4,165.61 |
3,721.07 |
| Segment Capital Employed: |
| Steel business |
14,505.90 |
12,061.98 |
14,505.90 |
12,061.98 |
| Ferro Alloys and Minerals |
375.21 |
189.35 |
375.21 |
189.35 |
| Others |
3,017.78 |
1,147.94 |
3,017.78 |
1,147.94 |
| Total |
17,898.89 |
13,399.27 |
17,898.89 |
13,399.27 |
- The Consolidated Financial Results have been prepared as
per the following Accounting Standards:
- Consolidated Financial Statements (AS-21)
- Accounting for Investments in Associates in
Consolidated Financial Statements (AS-23)
- Financial Reporting of interests in Joint Ventures
(AS-27)
- The Rawmet Ferrous Industries Private Limited has become
subsidiary of Tata Steel during the quarter.
- a. Tata Steel UK Limited (Tata Steel UK), a wholly owned
subsidiary of the company, through open market purchased
20.66% shares of Corus Group plc (Corus) on 31st January
2007 and additional 2.18% during February 2007.
b. The company, through Tata Steel UK, acquired Corus
through a Scheme of Arrangement approved by the shareholders
of Corus and sanctioned by the Honorable Court of Justice,
England and Wales on 2nd April 2007.
c. The financial statements of Corus for the period from
31st January 2007 to 31st March 2007 have not been
considered for consolidation during the quarter as Tata
Steel did not have "significant influence" or "control"
having regard to the provisions of the UK Takeover Code and
the Scheme.
- Figures for the previous period have been regrouped and
reclassified to conform to the classification of the current
period, wherever necessary.
- The Consolidated Financial results have been taken on
record and approved by the Board in its meeting of date.
|
TATA STEEL LIMITED
| Mumbai: 17th May, 2007 |
Sd/- Ratan N. Tata
Chairman |
[
Annual Results Archives ]
|
