Tata Steel has announced its FY11 results. the corporate FY11 consolidated web profit was at Rs eight,983 crore versus web loss of Rs two,009 crore.Its consolidated web sales were up at Rs one.17 lakh crore versus Rs one.02 Lakh crore.Its cash, bank balances were at Rs ten,893 crore as on March thirty one.Its web debt was at Rs forty six,632 crore as on March thirty one.Its this autumn consolidated EBITDA margins was at thirteen.9% versus nineteen.4%, YoY.Its this autumn consolidated EBITDA was at USD one.05 billion versus USD one.12 billion, YoY.The company recorded EBITDA of Rs seventeen,103 crore (USD three,836 million) for the complete year, eighty three on top of the EBITDA of Rs nine,340 crore (USD two,095 million) in FY10.
The Indian operations’ profit once tax of Rs vi,866 crore (USD one,540 million) and EBITDA of Rs twelve,225 crore (USD two,742 million) were the best ever on the rear of upper volumes, improved product-mix and better realisations. The European operations recorded strong improvement, posting an EBITDA of Rs four,204 crore (USD 943 million), a rise of Rs five,555 crore (USD one,246 million) over FY’10. Higher sales and realisations together with cost-cutting measures, initiated within the aftermath of the monetary crisis, lay behind this performance. However, the Long product business continues to face important challenges and also the company accordingly announced restructuring initiatives earlier this month. The sale of Teesside forged product (a slab producing facility mothballed in February two010) was completed in March 2011 in an exceedingly deal valuing the business at Rs 2,091 crore (USD 469 million). Net debt at the top of March 2011 at Rs forty six,632 crore (USD ten.46 billion) fell from Rs fifty two,836 crore (USD eleven.85 billion) at the top of the previous quarter. The 2.9 million TPA brownfield growth in Jamshedpur is progressing on schedule. the corporate has conjointly begun website work on its Greenfield project in Odisha. The Board of administrators of the corporate has counseled a dividend of Rs twelve per equity share for the monetary year ended March 2011.
The Indian operations’ profit once tax of Rs vi,866 crore (USD one,540 million) and EBITDA of Rs twelve,225 crore (USD two,742 million) were the best ever on the rear of upper volumes, improved product-mix and better realisations. The European operations recorded strong improvement, posting an EBITDA of Rs four,204 crore (USD 943 million), a rise of Rs five,555 crore (USD one,246 million) over FY’10. Higher sales and realisations together with cost-cutting measures, initiated within the aftermath of the monetary crisis, lay behind this performance. However, the Long product business continues to face important challenges and also the company accordingly announced restructuring initiatives earlier this month. The sale of Teesside forged product (a slab producing facility mothballed in February two010) was completed in March 2011 in an exceedingly deal valuing the business at Rs 2,091 crore (USD 469 million). Net debt at the top of March 2011 at Rs forty six,632 crore (USD ten.46 billion) fell from Rs fifty two,836 crore (USD eleven.85 billion) at the top of the previous quarter. The 2.9 million TPA brownfield growth in Jamshedpur is progressing on schedule. the corporate has conjointly begun website work on its Greenfield project in Odisha. The Board of administrators of the corporate has counseled a dividend of Rs twelve per equity share for the monetary year ended March 2011.
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