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Results Archives]
| |
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the PDF format of the Audited Financial Results for the Quarter/Nine months ended
on 31st December, 2006 |
|
TATA STEEL LIMITED
Regd. Office: BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI 400001
Audited Consolidated Financial Results for the Quarter/ Nine months ended on 31st
December, 2006
| |
|
|
Quarter ended on 31.12.2006 |
Corresponding quarter ended on 31.12.2005 in the
previous year |
Nine months ended on 31.12.2006 |
Corresponding Nine months ended on 31.12.2005 in the
previous year |
Financial Year ended on
31.03.2006 |
| 1 |
Sales/Income from Operations |
Rs. Crores |
6,543.09 |
5,512.15 |
19,331.99 |
16,442.19 |
22,272.14 |
| |
Less: Excise Duty |
" |
571.94 |
488.46 |
1,588.42 |
1,445.66 |
1,873.05 |
| |
Net Sales/Income from Operations |
" |
5,971.15 |
5,023.69 |
17,743.57 |
14,996.53 |
20,399.09 |
| 2 |
Total Expenditure |
| |
a) (Increase) /decrease in stock in trade |
" |
(141.13) |
(120.21) |
(373.07) |
(308.45) |
(47.00) |
| |
b) Purchases of finished, semi-finished steel and other products |
" |
946.57 |
1,142.59 |
3,696.72 |
3,354.69 |
4,116.61 |
| |
c) Raw Materials consumed |
" |
971.97 |
645.12 |
2,529.91 |
1,716.74 |
2,589.15 |
| |
d) Staff Cost |
" |
478.41 |
425.39 |
1,349.25 |
1,222.06 |
1,672.46 |
| |
e) Purchase of Power |
" |
319.70 |
237.91 |
959.62 |
693.62 |
972.83 |
| |
f) Freight and handling |
" |
371.41 |
295.32 |
1,039.86 |
858.12 |
1,225.43 |
| |
g) Other Expenditure |
" |
1,133.75 |
904.01 |
3,059.01 |
2,506.08 |
3,525.20 |
| |
h) Total Expenditure ( 2a to 2g) |
" |
4,080.68 |
3,530.13 |
12,261.30 |
10,042.86 |
14,054.68 |
| 3 |
Operating Profit |
" |
1,890.47 |
1,493.56 |
5,482.27 |
4,953.67 |
6,344.41 |
| 4 |
Other Income |
" |
101.13 |
58.69 |
348.41 |
197.43 |
246.74 |
| 5 |
Interest (net) |
" |
96.23 |
47.87 |
224.20 |
131.09 |
161.60 |
| 6 |
Depreciation |
" |
245.13 |
257.86 |
729.32 |
645.26 |
860.37 |
| 7 |
Profit before Tax and Exceptional Items (3+4-5-6) |
" |
1,650.24 |
1,246.52 |
4,877.16 |
4,374.75 |
5,569.18 |
| 8 |
Exceptional Items |
| |
Employee Separation Compensation |
" |
(49.50) |
(28.98) |
(112.65) |
(88.13) |
(54.20) |
| 9 |
Profit before Tax ( 7-8) |
" |
1,600.74 |
1,217.54 |
4,764.51 |
4,286.62 |
5,514.98 |
| 10 |
Provision for Current Taxation |
" |
513.95 |
374.72 |
1,525.82 |
1,329.27 |
1,619.97 |
| 11 |
Provision for Deferred Taxation |
" |
28.75 |
8.53 |
18.51 |
22.32 |
144.95 |
| 12 |
Provision for Fringe Benefits Tax |
" |
3.39 |
5.78 |
14.08 |
16.72 |
28.99 |
| 13 |
Net Profit (+) / Loss (-) (9-10-11-12) |
" |
1,054.65 |
828.51 |
3,206.10 |
2,918.31 |
3,721.07 |
| 14 |
Share of Profits of Associates |
" |
21.07 |
(2.07) |
53.56 |
21.62 |
32.19 |
| 15 |
Minority Interest |
" |
(21.11) |
(1.68) |
(46.76) |
(18.53) |
(18.64) |
| 16 |
Profits after Minority Interest and share of Profits of Associates (13 +14-15) |
" |
1,054.61 |
824.76 |
3,212.90 |
2,921.40 |
3,734.62 |
| 17 |
Paid-up Equity Share Capital ( Face Value : Rs 10 per Share ) |
" |
580.00 |
553.00 |
580.00 |
553.00 |
553.00 |
| 18 |
Reserves excluding revaluation reserves |
" |
- |
- |
- |
- |
9,728.84 |
| 19 |
Basic and Diluted Earnings per Share (not annualised)( after exceptional items) |
Rupees |
18.19 |
14.93 |
56.46 |
52.91 |
67.62 |
| NOTES: 1. Segment Revenue, Results and Capital
Employed
|
| (Rs. Crores) |
| Particulars |
Quarter ended on 31.12.2006 |
Corresponding quarter ended on 31.12.2005 in the
previous year |
Nine months ended on 31.12.2006 |
Corresponding Nine months ended on 31.12.2005 in the
previous year |
Financial
Year ended on 31.03.2006 |
| Revenue by Business Segment: |
| Steel business |
5,314.53 |
4,412.61 |
15,700.51 |
13,263.72 |
17,834.29 |
| Ferro Alloys and Minerals |
416.13 |
340.11 |
1,117.92 |
1,021.01 |
1,423.78 |
| Others |
817.56 |
550.13 |
2,268.15 |
1,556.54 |
2,295.05 |
| Total |
6,548.22 |
5,302.85 |
19,086.58 |
15,841.27 |
21,553.12 |
| Less: Inter segment revenue |
577.07 |
279.16 |
1,343.01 |
844.74 |
1,154.03 |
| Net sales/ income from operations |
5,971.15 |
5,023.69 |
17,743.57 |
14,996.53 |
20,399.09 |
| Segment results before interest, exceptional
items and tax: |
| Steel business |
1,567.58 |
1,068.83 |
4,322.37 |
3,793.60 |
4,834.61 |
| Ferro Alloys and Minerals |
130.56 |
145.81 |
421.17 |
438.43 |
572.52 |
| Others |
33.51 |
54.39 |
150.99 |
148.59 |
193.58 |
| Total |
1,731.65 |
1,269.03 |
4,894.53 |
4,380.62 |
5,600.71 |
| Less : |
| Interest |
96.23 |
47.87 |
224.20 |
131.09 |
161.60 |
| Other unallocable
(income)/expenditure |
(65.38) |
(22.60) |
(281.94) |
(139.87) |
(168.14) |
| Inter segment eliminations |
50.56 |
(2.76) |
75.11 |
14.65 |
38.07 |
| Profit before Tax and Exceptional items |
1,650.24 |
1,246.52 |
4,877.16 |
4,374.75 |
5,569.18 |
| Exceptional items : |
| Employee Separation Compensation |
(49.50) |
(28.98) |
(112.65) |
(88.13) |
(54.20) |
| Profit before Tax |
1,600.74 |
1,217.54 |
4,764.51 |
4,286.62 |
5,514.98 |
| Less: Taxes |
546.09 |
389.03 |
1,558.41 |
1,368.31 |
1,793.91 |
| Profit after Tax |
1,054.65 |
828.51 |
3,206.10 |
2,918.31 |
3,721.07 |
| Segment Capital Employed: |
| Steel business |
14,361.75 |
11,904.88 |
14,361.75 |
11,904.88 |
12,061.98 |
| Ferro Alloys and Minerals |
305.47 |
261.95 |
305.47 |
261.95 |
189.35 |
| Others |
9,898.31 |
968.12 |
9,898.31 |
968.12 |
1,147.94 |
| Total |
24,565.53 |
13,134.95 |
24,565.53 |
13,134.95 |
13,399.27 |
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. Figures for the previous period have been regrouped
and reclassified to conform to the classification of the current period, wherever
necessary
4. The Consolidated Financial results have been taken on
record and approved by the Board in its meeting of date. |
TATA STEEL LIMITED
| Mumbai, 30th January, 2007 |
Sd/- Ratan N. Tata
Chairman |
TATA STEEL LIMITED
Regd. Office: BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI 400001
Audited Financial Results for the Quarter/Nine months
ended on 31st December, 2006
| |
|
|
|
|
|
|
|
| |
|
|
Quarter ended on 31.12.2006 |
Corresponding Quarter ended on 31.12.2005
in the Previous Year |
Nine months ended on 31.12.2006 |
Corresponding Nine months ended on
31.12.2005 in the Previous Year |
Financial Year ended on 31.03.2006 |
| |
|
|
(1) |
(2) |
(3) |
(4) |
(5) |
| (A) |
|
|
|
|
|
|
|
| 1 |
Steel Production |
Tonnes |
1,289,822 |
1,160,735 |
3,656,158 |
3,318,350 |
4,552,136 |
| 2 |
Steel Sales |
" |
1,234,404 |
1,107,345 |
3,533,464 |
3,162,446 |
4,418,311 |
| 3 |
Export turnover (F.O.B Value) |
Rs. Crores |
474.60 |
481.99 |
1,477.49 |
1,516.41 |
2,051.20 |
| US $ Mill. |
106.44 |
107.12 |
322.81 |
343.88 |
432.38 |
| (B) |
|
|
|
|
|
|
|
| 1 |
Sales/Income from Operations |
Rs. Crores |
5,038.26 |
4,185.21 |
14,152.99 |
12,541.74 |
17,144.22 |
| |
Less: Excise Duty |
" |
568.28 |
487.21 |
1,581.41 |
1,426.77 |
1,851.76 |
| |
Net Sales/Income from Operations |
" |
4,469.98 |
3,698.00 |
12,571.58 |
11,114.97 |
15,292.46 |
| 2 |
Total Expenditure |
| |
a) (Increase) /decrease in stock in trade |
" |
(79.02) |
(99.11) |
(147.88) |
(265.62) |
(104.91) |
| |
b)
Purchases of finished, semi-finished steel and other products |
" |
110.99 |
175.87 |
340.14 |
530.98 |
656.08 |
| |
c) Raw materials consumed |
" |
831.49 |
612.77 |
2,260.75 |
1,614.03 |
2,368.30 |
| |
d) Staff Cost |
" |
361.07 |
336.04 |
1,027.17 |
980.49 |
1,351.51 |
| |
e) Purchase of Power |
" |
226.07 |
202.42 |
680.16 |
590.22 |
819.17 |
| |
f) Freight and handling |
" |
285.61 |
261.64 |
818.77 |
723.24 |
1,004.32 |
| |
g) Other Expenditure |
" |
950.15 |
816.02 |
2,522.73 |
2,307.18 |
3,260.41 |
| |
h) Total Expenditure (2a to 2g) |
" |
2,686.36 |
2,305.65 |
7,501.84 |
6,480.52 |
9,354.88 |
| 3 |
Operating Profit (1-2) |
" |
1,783.62 |
1,392.35 |
5,069.74 |
4,634.45 |
5,937.58 |
| 4 |
Other Income |
" |
98.74 |
41.28 |
353.90 |
190.40 |
254.76 |
| 5 |
Interest (net) |
" |
52.03 |
37.88 |
129.09 |
105.03 |
124.51 |
| 6 |
Depreciation |
" |
199.06 |
235.68 |
589.93 |
581.83 |
775.10 |
| 7 |
Profit before
Tax and Exceptional Items (3+4-5-6) |
" |
1,631.27 |
1,160.07 |
4,704.62 |
4,137.99 |
5,292.73 |
| 8 |
Exceptional Items |
| |
Employee Separation
Compensation |
" |
(49.27) |
(28.60) |
(111.97) |
(87.16) |
(52.77) |
| 9 |
Profit before Tax (7+8) |
" |
1,582.00 |
1,131.47 |
4,592.65 |
4,050.83 |
5,239.96 |
| 10 |
Provision for Current Taxation |
" |
497.00 |
364.00 |
1,475.00 |
1,294.00 |
1,579.00 |
| 11 |
Provision for Deferred Taxation |
" |
18.25 |
8.44 |
(14.00) |
18.31 |
127.58 |
| 12 |
Provision for Fringe
Benefits Tax |
'' |
3.00 |
5.29 |
13.00 |
15.25 |
27.00 |
| 13 |
Net Profit (+) /
Loss (-) (9-10-11-12) |
" |
1,063.75 |
753.74 |
3,118.65 |
2,723.27 |
3,506.38 |
| 14 |
Paid-up Equity Share Capital (Face
Value : Rs 10 per Share) |
" |
580.67 |
553.67 |
580.67 |
553.67 |
553.67 |
| 15 |
Reserves excluding revaluation reserves |
" |
|
|
|
|
9201.63 |
| 16 |
Basic and Diluted Earnings per Share (not annualised)
(after Exceptional items) |
Rupees |
18.33 |
13.62 |
54.74 |
49.20 |
63.35 |
| 17 |
Aggregate of Public Shareholding |
|
|
|
|
|
|
| |
Number of shares |
Nos. |
404,816,773 |
405,606,773 |
404,816,773 |
405,606,773 |
405,186,773 |
| |
% of shareholding |
% |
69.74% |
73.28% |
69.74% |
73.28% |
73.21% |
| NOTES: 1. Segment Revenue, Results and Capital
Employed
|
| (Rs. Crores) |
| Particulars |
Quarter ended on 31.12.2006 |
Corresponding Quarter ended on 31.12.2005
in the Previous Year |
Nine months ended on 31.12.2006 |
Corresponding Nine months ended on
31.12.2005 in the Previous Year |
Financial Year ended on 31.03.2006 |
| Revenue by Business Segment: |
| Steel business |
3,979.24 |
3,304.77 |
11,198.87 |
9,935.32 |
13,619.54 |
| Ferro Alloys and Minerals |
416.13 |
337.86 |
1,117.92 |
1,021.01 |
1,423.78 |
| Others |
324.10 |
243.34 |
904.21 |
722.18 |
1,007.63 |
| Total |
4,719.47 |
3,885.97 |
13,221.00 |
11,678.51 |
16,050.95 |
| Less: Inter segment revenue |
249.49 |
187.97 |
649.42 |
563.54 |
758.49 |
| Net sales/ income from operations |
4,469.98 |
3,698.00 |
12,571.58 |
11,114.97 |
15,292.46 |
| Segment results before interest, exceptional
items and tax: |
| Steel business |
1,474.64 |
1,016.65 |
4,074.93 |
3,627.55 |
4,624.73 |
| Ferro Alloys and Minerals |
134.44 |
145.81 |
427.25 |
438.43 |
572.52 |
| Others |
10.27 |
13.26 |
53.28 |
38.64 |
54.13 |
| Total |
1,619.35 |
1,175.72 |
4,555.46 |
4,104.62 |
5,251.38 |
| Less : |
| Interest |
52.03 |
37.88 |
129.09 |
105.03 |
124.51 |
| Other
unallocable (income)/expenditure |
(63.95) |
(22.23) |
(278.25) |
(138.40) |
(165.86) |
| Profit before Tax and Exceptional items |
1,631.27 |
1,160.07 |
4,704.62 |
4,137.99 |
5,292.73 |
| Exceptional items : |
| Employee Separation Compensation |
(49.27) |
(28.60) |
(111.97) |
(87.16) |
(52.77) |
| Profit before Tax |
1,582.00 |
1,131.47 |
4,592.65 |
4,050.83 |
5,239.96 |
| Less: Taxes |
518.25 |
377.73 |
1,474.00 |
1,327.56 |
1,733.58 |
| Profit after Tax |
1,063.75 |
753.74 |
3,118.65 |
2,723.27 |
3,506.38 |
| Segment Capital Employed: |
| Steel business |
10,630.83 |
10,322.80 |
10,630.83 |
10,322.80 |
10,389.38 |
| Ferro Alloys and Minerals |
212.86 |
261.96 |
212.86 |
261.96 |
189.35 |
| Others |
279.67 |
195.47 |
279.67 |
195.47 |
203.50 |
| Total |
11,123.36 |
10,780.23 |
11,123.36 |
10,780.23 |
10,782.23 |
2. Information on investor complaints pursuant to clause 41 of the
listing agreement for the quarter ended 31.12.2006:
| |
Opening Balance |
Received during the quarter |
Resolved during the quarter |
Closing Balance |
| Investor complaints |
4 |
11 |
13 |
2 |
| Complaints pertaining to receipt of dividend warrants for
2005-06 |
208 |
589 |
797 |
- |
3. Public shareholding excludes 3867 shares (3867 shares as on 31st
December 2005) held by Citibank NA as Depository for GDR holders.
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 and approved by the Board in its meeting
of date. |
TATA STEEL LIMITED
| Mumbai, 30th January, 2007 |
Sd/- Ratan N. Tata
Chairman |
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