| 
::: Annual Results :::
[
Annual Results Archives ]
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,
2006
| |
|
|
Nine Months
ended on 31.12.2005 (Audited) |
Quarter ended
on 31.03.2006 (Audited) |
Corresponding
quarter ended on 31.03.2005 in the previous year (Unaudited) |
Financial Year ended on 31.03.2006 (Audited) |
Previous Financial Year ended on 31.03.2005
(Audited) |
| 1 |
Sales/Income from Operations |
Rs. Crores |
16,245.43 |
6,026.71 |
5,059.90 |
22,272.14 |
17,414.52 |
| |
Less: Excise Duty |
" |
1,552.35 |
475.36 |
427.18 |
2,027.71 |
1,415.91 |
| |
Net Sales/Income from Operations |
" |
14,693.08 |
5,551.35 |
4,632.72 |
20,244.43 |
15,998.61 |
| 2 |
Total Expenditure |
|
|
|
|
|
|
| |
a) (Increase)
/decrease in stock in trade |
" |
(317.21) |
270.21 |
134.47 |
(47.00) |
(289.02) |
| |
b) Purchase of finished, semi-finished steel and other products |
" |
3,179.51 |
1,030.85 |
927.12 |
4,210.36 |
2,327.08 |
| |
c) Raw Materials consumed |
" |
1,716.74 |
778.66 |
447.08 |
2,495.40 |
1,844.02 |
| |
d) Staff Cost |
" |
1,220.30 |
453.66 |
365.44 |
1,673.96 |
1,414.42 |
| |
e) Purchase of Power |
" |
690.82 |
282.01 |
188.44 |
972.83 |
731.70 |
| |
f) Freight and handling |
" |
857.12 |
368.31 |
248.14 |
1,225.43 |
992.20 |
| |
g) Other Expenditure |
" |
2,397.77 |
977.34 |
827.85 |
3,375.11 |
2,776.94 |
| |
h) Total Expenditure ( 2a to 2g) |
" |
9,745.05 |
4,161.04 |
3,138.54 |
13,906.09 |
9,797.34 |
| 3 |
Operating Profit |
" |
4,948.03 |
1,390.31 |
1,494.18 |
6,338.34 |
6,201.27 |
| 4 |
Other Income |
" |
182.37 |
64.24 |
34.48 |
246.61 |
182.44 |
| 5 |
Interest (net) |
" |
126.84 |
28.69 |
14.47 |
155.53 |
198.13 |
| 6 |
Depreciation |
" |
640.52 |
219.85 |
163.94 |
860.37 |
645.46 |
| 7 |
Profit before Tax and Exceptional Items (3+4-5-6) |
" |
4,363.04 |
1,206.01 |
1,350.25 |
5,569.05 |
5,540.12 |
| 8 |
Exceptional Items |
|
|
|
|
|
|
| |
a) Employee Separation Compensation |
" |
(88.13) |
33.93 |
(38.23) |
(54.20) |
(120.57) |
| |
b) Profit /(Loss) on Divestments |
" |
15.06 |
(14.93) |
- |
0.13 |
23.69 |
| |
c) Provision for contingencies |
" |
- |
- |
(1.05) |
- |
(0.80) |
| |
d) Total of Exceptional items ( 8a to 8c) |
" |
(73.07) |
19.00 |
(39.28) |
(54.07) |
(97.68) |
| 9 |
Profit before Tax ( 7-8d) |
" |
4,289.97 |
1,225.01 |
1,310.97 |
5,514.98 |
5,442.44 |
| 10 |
Provision for Current Taxation |
" |
1,329.27 |
290.70 |
414.75 |
1,619.97 |
1,875.09 |
| 11 |
Provision for Deferred Taxation |
" |
22.32 |
122.63 |
(25.09) |
144.95 |
(3.85) |
| 12 |
Provision for Fringe Benefits Tax |
|
16.72 |
12.27 |
- |
28.99 |
- |
| 13 |
Net Profit (+) / Loss (-) (9-10-11-12) |
" |
2,921.66 |
799.41 |
921.31 |
3,721.07 |
3,571.20 |
| 14 |
Add-Share of Profits of Associates |
" |
18.27 |
13.92 |
8.35 |
32.19 |
58.02 |
| 15 |
Less - Minority Interest in consolidated Profit/(Loss) |
" |
18.53 |
0.11 |
9.16 |
18.64 |
25.96 |
| 16 |
Profits after Minority Interest and share of Profits of Associates ( 13 + 14 -15) |
" |
2,921.40 |
813.22 |
920.50 |
3,734.62 |
3,603.26 |
| 17 |
Paid-up Equity Share Capital ( Face Value : Rs 10 per Share ) |
" |
553.00 |
553.00 |
552.27 |
553.00 |
552.27 |
| 18 |
Reserves excluding revaluation reserves |
" |
|
|
|
|
6,782.79 |
| 19 |
Basic and Diluted Earnings per Share (not annualised) (after exceptional items) |
Rupees |
52.85 |
14.71 |
16.67 |
67.62 |
65.27 |
| NOTES: 1. Segment Revenue, Results and Capital
Employed
|
| (Rs. Crores) |
| Particulars |
Quarter ended on
31.03.2006
(Audited) |
Corresponding quarter ended on
31.03.2005
in the Previous year
(Unaudited) |
Financial Year ended on 31.03.2006
(Audited) |
Previous Financial Year ended on
31.03.2005
(Audited) |
| Revenue by Business Segment: |
| Steel business |
4,789.13 |
4,122.78 |
18,009.43 |
13,919.26 |
| Ferro Alloys and Minerals |
406.66 |
362.16 |
1,424.48 |
1,449.64 |
| Others |
749.07 |
589.90 |
2,294.58 |
2,081.18 |
| Total |
5,944.86 |
5,074.84 |
21,728.49 |
17,450.08 |
| Less: Inter segment revenue |
393.51 |
442.12 |
1,484.06 |
1,451.47 |
| Net sales/ income from operations |
5,551.35 |
4,632.72 |
20,244.43 |
15,998.61 |
Segment results before Interest,
Exceptional items and Tax: |
| Steel business |
1,035.84 |
1,159.74 |
4,828.54 |
4,802.84 |
| Ferro Alloys and Minerals |
134.09 |
164.65 |
572.52 |
700.89 |
| Others |
60.05 |
47.79 |
193.58 |
194.90 |
| Total |
1,229.98 |
1,372.18 |
5,594.64 |
5,698.63 |
| Less : |
| Interest |
28.69 |
14.47 |
155.53 |
198.13 |
| Other
unallocable (income)/expenditure |
(28.14) |
(5.92) |
(168.01) |
(72.27) |
| Inter
segment eliminations |
23.42 |
13.38 |
38.07 |
32.65 |
| Profit before Tax and Exceptional items |
1,206.01 |
1,350.25 |
5,569.05 |
5,540.12 |
| Exceptional items : |
| Employee Separation Compensation |
33.93 |
(38.23) |
(54.20) |
(120.57) |
| Provision for Contingencies |
- |
(1.05) |
- |
(0.80) |
| Profit on Sale of Long Term Investments |
(14.93) |
- |
0.13 |
23.69 |
| Profit before Tax |
1,225.01 |
1,310.97 |
5,514.98 |
5,442.44 |
| Less: Taxes |
425.60 |
389.66 |
1,793.91 |
1,871.24 |
| Profit after Tax |
799.41 |
921.31 |
3,721.07 |
3,571.20 |
| Segment Capital Employed: |
| Steel business |
12,061.98 |
10,656.36 |
12,061.98 |
10,656.36 |
| Ferro Alloys and Minerals |
189.35 |
200.80 |
189.35 |
200.80 |
| Others |
1,147.94 |
672.63 |
1,147.94 |
672.63 |
| Total |
13,399.27 |
11,529.79 |
13,399.27 |
11,529.79 |
| 2. |
The Consolidated Financial Results have been prepared
as per the following Accounting Standards:
a) Consolidated Financial Statements (AS-21)
b) Accounting for Investments in Associates in Consolidated Financial Statements
(AS-23)
c) Financial Reporting of interests in Joint Ventures (AS-27)
|
| 3. |
Millennium Steel Public Company Ltd, Thailand has
become an Associate with effect from 22nd March 2006 consequent upon the acquisition of
24.99% of equity stake in the company. |
| 4. |
Figures for the previous period have been regrouped
and reclassified to conform to the classification of the current period, wherever
necessary. |
| 5. |
The Consolidated Financial results have been taken on record and approved
by the Board in its meeting of date. |
TATA STEEL LIMITED
| Mumbai: 18th May, 2006 |
Sd/- Ratan N. Tata
Chairman |
TATA STEEL LIMITED
Regd. Office: BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI 400001
Audited Financial Results for the Quarter / Year ended on 31st March,
2006
| |
|
|
|
|
|
|
|
| |
|
|
Nine Months ended on 31.12.2005
(Audited) |
Quarter ended on 31.03.2006
(Audited) |
Corresponding quarter ended on 31.03.2005
in the Previous Year
(Audited) |
Financial Year ended on 31.03.2006 (Audited) |
Previous Financial Year ended on 31.03.200
(Audited) |
| |
|
|
(1) |
(2) |
(3) |
(4) |
(5) |
| (A) |
|
|
|
|
|
|
|
| 1 |
Steel Production |
Tonnes |
3,290,621 |
1,261,515 |
974,645 |
4,552,136 |
4,109,002 |
| 2 |
Steel Sales |
" |
3,162,447 |
1,255,864 |
999,271 |
4,418,311 |
3,935,304 |
| 3 |
Export turnover (F.O.B Value) |
Rs. Crores |
1,516.41 |
534.79 |
528.69 |
2,051.20 |
2,183.80 |
| US $ Mill. |
343.88 |
88.50 |
89.31 |
432.38 |
454.14 |
| (B) |
|
|
|
|
|
|
|
| 1 |
Sales/Income from Operations |
Rs. Crores |
12,541.74 |
4,602.48 |
4,273.13 |
17,144.22 |
15,876.87 |
| |
Less: Excise Duty |
" |
1,531.32 |
473.51 |
408.48 |
2,004.83 |
1,377.92 |
| |
Net Sales/Income from Operations |
" |
11,010.42 |
4,128.97 |
3,864.65 |
15,139.39 |
14,498.95 |
| 2 |
Total Expenditure |
| |
a) (Increase) /decrease in stock in trade |
" |
(265.62) |
160.71 |
118.94 |
(104.91) |
(289.55) |
| |
b) Purchases of finished, semi-finished steel and other products |
" |
530.98 |
125.10 |
342.98 |
656.08 |
1,305.28 |
| |
c) Raw materials consumed |
" |
1,614.03 |
754.27 |
391.81 |
2,368.30 |
1,715.14 |
| |
d) Staff Cost |
" |
980.49 |
372.52 |
318.29 |
1,353.01 |
1,291.00 |
| |
e) Purchase of Power |
" |
590.22 |
228.95 |
180.28 |
819.17 |
712.00 |
| |
f)Freight and handling |
" |
723.24 |
281.08 |
260.01 |
1,004.32 |
936.68 |
| |
g) Other Expenditure |
" |
2,206.37 |
905.54 |
809.41 |
3,111.91 |
2,783.04 |
| |
h) Total Expenditure (2a to 2g) |
" |
6,379.71 |
2,828.17 |
2,421.72 |
9,207.88 |
8,453.59 |
| 3 |
Operating Profit |
" |
4,630.71 |
1,300.80 |
1,442.93 |
5,931.51 |
6,045.36 |
| 4 |
Other Income |
" |
190.40 |
64.36 |
29.74 |
254.76 |
148.03 |
| 5 |
Interest (net) |
" |
101.29 |
17.15 |
9.44 |
118.44 |
186.80 |
| 6 |
Depreciation |
" |
581.83 |
193.27 |
152.23 |
775.10 |
618.78 |
| 7 |
Profit before
Tax and Exceptional Items (3+4-5-6) |
" |
4,137.99 |
1,154.74 |
1,311.00 |
5,292.73 |
5,387.81 |
| 8 |
Exceptional Items |
| |
a) Employee Separation
Compensation |
" |
(87.16) |
34.39 |
(38.25) |
(52.77) |
(119.11) |
| |
b) Profit on sale of long
term investments |
" |
- |
- |
- |
- |
28.58 |
| |
c) Total of Exceptional
items (8a + 8b) |
" |
(87.16) |
34.39 |
(38.25) |
(52.77) |
(90.53) |
| 9 |
Profit before Tax (7-8c) |
" |
4,050.83 |
1,189.13 |
1,272.75 |
5,239.96 |
5,297.28 |
| 10 |
Provision for Current Taxation |
" |
1,294.00 |
285.00 |
393.66 |
1,579.00 |
1,833.66 |
| 11 |
Provision for Deferred Taxation |
" |
18.31 |
109.27 |
(29.49) |
127.58 |
(10.54) |
| 12 |
Provision for Fringe
Benefits Tax |
'' |
15.25 |
11.75 |
- |
27.00 |
- |
| 13 |
Net Profit (+) /
Loss (-) (9-10-11-12) |
" |
2,723.27 |
783.11 |
908.58 |
3,506.38 |
3,474.16 |
| 14 |
Paid-up Equity Share Capital (Face
Value : Rs 10 per Share) |
" |
553.67 |
553.67 |
553.67 |
553.67 |
553.67 |
| 15 |
Reserves excluding revaluation reserves |
" |
|
|
|
|
6,506.25 |
| 16 |
Basic and Diluted Earnings per Share (not annualised)
(after Exceptional items) |
Rupees |
49.20 |
14.15 |
16.42 |
63.35 |
62.77 |
| 17 |
Aggregate of Non-promoter Shareholding |
|
|
|
|
|
|
| |
Number of shares |
Nos. |
405,610,640 |
405,190,640 |
406,463,440 |
405,190,640 |
406,463,440 |
| |
% of shareholding |
% |
73.28% |
73.21% |
73.44% |
73.21% |
73.44% |
| NOTES: 1. Segment Revenue, Results and Capital
Employed
|
| (Rs. Crores) |
| Particulars |
Quarter ended on
31.03.2006
(Audited) |
Corresponding quarter ended on
31.03.2005
in the Previous year
(Audited) |
Financial Year ended on 31.03.2006
(Audited) |
Previous Financial Year ended on
31.03.2005
(Audited) |
| Revenue by Business Segment: |
| Steel business |
3,622.99 |
3,455.78 |
13,467.54 |
12,992.49 |
| Ferro Alloys and Minerals |
406.66 |
362.16 |
1,424.48 |
1,449.64 |
| Others |
294.27 |
267.64 |
1,005.86 |
888.27 |
| Total |
4,323.92 |
4,085.58 |
15,897.88 |
15,330.40 |
| Less: Inter segment revenue |
194.95 |
220.93 |
758.49 |
831.45 |
| Net sales/ income from operations |
4,128.97 |
3,864.65 |
15,139.39 |
14,498.95 |
Segment results before Interest,
Exceptional items and Tax: |
| Steel business |
994.85 |
1,141.80 |
4,618.66 |
4,764.60 |
| Ferro Alloys and Minerals |
134.09 |
164.65 |
572.52 |
700.89 |
| Others |
15.49 |
8.88 |
54.13 |
38.84 |
| Total |
1,144.43 |
1,315.33 |
5,245.31 |
5,504.33 |
| Less : |
| Interest |
17.15 |
9.44 |
118.44 |
186.80 |
| Other unallocable
(income)/expenditure |
(27.46) |
(5.11) |
(165.86) |
(70.28) |
| Profit before Tax and Exceptional items |
1,154.74 |
1,311.00 |
5,292.73 |
5,387.81 |
| Exceptional items : |
| Employee Separation Compensation |
34.39 |
(38.25) |
(52.77) |
(119.11) |
| Profit on Sale of Long Term Investments |
- |
- |
- |
28.58 |
| Profit before Tax |
1,189.13 |
1,272.75 |
5,239.96 |
5,297.28 |
| Less: Taxes |
406.02 |
364.17 |
1,733.58 |
1,823.12 |
| Profit after Tax |
783.11 |
908.58 |
3,506.38 |
3,474.16 |
| Segment Capital Employed: |
| Steel business |
10,389.38 |
9,415.05 |
10,389.38 |
9,415.05 |
| Ferro Alloys and Minerals |
189.35 |
200.80 |
189.35 |
200.80 |
| Others |
203.50 |
167.52 |
203.50 |
167.52 |
| Total |
10,782.23 |
9,783.37 |
10,782.23 |
9,783.37 |
|
|
| 2. |
The Company has, on 22nd March 2006, with an investment of THB 2420.22
million (Rs. 279.68 crores), acquired 24.99% of equity stake in the Millennium Steel
Public Company Ltd, Thailand by way of preferential allotment. |
| 3. |
Information on investor complaints pursuant to clause 41 of the listing
agreement for the quarter ended 31st March 2006:
| Opening Balance |
Received during the quarter |
Resolved during the quarter |
Closing balance |
| 10 |
23 |
26 |
7 |
|
| 4. |
Figures for the previous period have been regrouped and reclassified to
conform to the classification of the current period, wherever necessary. |
| 5. |
The above results have been taken on record in the Board meeting of date. |
| 6. |
The Board of Directors has recommended a dividend of 130% for the
financial year 2005-06. |
| 7. |
The Annual General Meeting of the Company will be held on 5th July 2006
to consider the Accounts for financial year 2005-06. |
TATA STEEL LIMITED
| Mumbai: 18th May, 2006 |
Sd/- Ratan N. Tata
Chairman |
[
Annual Results Archives ]
|
