Vous êtes sur la page 1sur 3

TATA STEEL LTD

Regd. Office: BOMBAY HOUSE, 24 HOMI MODY STREET, MUMBAI - 400 001

Audited Financial Results for the Quarter / Nine months ended on 31st December 2009

 

Quarter

Quarter

Nine months

Nine months

Financial Year

Particulars

 

ended on

ended on

ended on

ended on

ended on

 

31-12-2009

31-12-2008

31-12-2009

31-12-2008

31-03-2009

 

(1)

(2)

(3)

(4)

(5)

(A)

         

1

Steel Production

Tonnes

1,687,659

1,234,764

4,749,056

3,751,202

5,374,939

2

Steel Sales

"

1,596,487

1,071,805

4,471,078

3,451,350

5,231,605

3

Export turnover (F.O.B. Value)

Rs. Crores

626.09

391.65

1,476.15

2,345.98

3,308.76

 

USD Mn

132.64

79.89

307.80

539.87

732.50

(B)

         

1

a)

Net Sales / Income from Operations

Rs. Crores

6,307.48

4,750.61

17,491.35

17,563.73

24,024.45

 

b)

Other Operating Income

"

67.40

59.79

191.19

213.04

291.32

2

Total Income [ 1(a) + 1(b) ]

"

6,374.88

4,810.40

17,682.54

17,776.77

24,315.77

3

Total Expenditure

           
 

a) (Increase) / decrease in stock-in-trade

"

42.33

(636.02)

50.38

(1,222.21)

(289.27)

 

b) Purchases of finished, semi-finished steel & other products

"

59.50

93.10

120.05

329.68

358.87

 

c) Raw materials consumed

"

1,422.31

1,610.27

4,381.00

3,960.01

5,709.91

 

d)

Staff Cost

"

652.25

568.86

1,680.57

1,639.26

2,305.81

 

e)

Purchase of Power

"

303.19

263.54

929.42

803.53

1,091.37

 

f)

Freight and handling

"

358.14

262.23

981.19

897.79

1,251.23

 

g) Depreciation

"

262.18

251.31

771.72

716.93

973.40

 

h) Other Expenditure

"

1,380.26

1,173.70

3,718.58

3,688.95

4,754.42

 

i) Total Expenditure (3a to 3h)

"

4,480.16

3,586.99

12,632.91

10,813.94

16,155.74

 

Profit / (Loss) from Operations before Other Income, Net Finance

"

         

4

Charges & Exceptional Items & Tax (2 - 3)

1,894.72

1,223.41

5,049.63

6,962.83

8,160.03

5

Other Income

"

263.56

11.72

385.95

264.82

308.27

 

Profit / (Loss) from Operations before Net Finance Charges,

"

         

6

Exceptional Items & Tax (4 + 5)

2,158.28

1,235.13

5,435.58

7,227.65

8,468.30

7

Net Finance Charges

"

415.72

348.20

1,149.88

844.75

1,152.69

8

Profit / (Loss) before Exceptional Items & Tax (6 - 7)

"

1,742.56

886.93

4,285.70

6,382.90

7,315.61

9

Exceptional Items

           
 

a)

Exchange Gain / (Loss)

"

 

- (126.80)

 

- (775.64)

-

 

Total Exceptional Items

"

 

- (126.80)

 

- (775.64)

-

10

Profit / (Loss) before Tax [ 8 + 9 ]

"

1,742.56

760.13

4,285.70

5,607.26

7,315.61

11

Tax Expense

"

550.81

293.89

1,401.18

1,864.81

2,113.87

12

Net Profit (+) / Loss (-) [ 10 - 11]

"

1,191.75

466.24

2,884.52

3,742.45

5,201.74

 

Paid-up Equity Share Capital

"

         

13

[Face value Rs.10 per share]

887.41

730.78

887.41

730.78

730.79

14

Reserves excluding revaluation reserves

"

       

23,972.81

 

Basic Earnings per share (not annualised)

           

15

(after Exceptional items)

Rupees

13.43

5.94

34.98

49.90

69.45

 

Diluted Earnings per share (not annualised)

           

16

(after Exceptional items)

Rupees

13.24

5.67

33.39

45.53

62.94

17

Aggregate of public shareholding

           
 

Number of shares

Nos.

604,715,374

482,487,356

604,715,374

482,487,356

482,522,747

 

% of shareholding

%

68.56%

66.04%

68.56%

66.04%

66.05%

18

Promoters and promoter group shareholding

           
 

a) Pledged / encumbered

           
 

- Number of shares

Nos.

97,400,000

 

97,400,000

 

98,900,000

 

- % of shares to total share holding of promoter & promoter group

%

35.13%

 

35.13%

 

39.87%

 

- % of shares to total sharecapital of the company

%

10.98%

 

10.98%

 

13.54%

 

b) Non-encumbered

           
 

- Number of shares

Nos.

179,848,857

 

179,848,857

 

149,165,857

 

- % of shares to total share holding of promoter & promoter group

%

64.87%

 

64.87%

 

60.13%

 

- % of shares to total sharecapital of the company

%

20.27%

 

20.27%

 

20.41%

TATA STEEL LTD

Segment Revenue, Results and Capital Employed

 

Rs.Crores

 

Quarter

Quarter

Nine months

Nine months

Financial Year

Particulars

ended on

ended on

ended on

ended on

ended on

31-12-2009

31-12-2008

31-12-2009

31-12-2008

31-03-2009

 

(1)

(2)

(3)

(4)

(5)

Revenue by Business Segment:

         

Steel business

5,832.53

4,465.31

16,232.04

15,648.77

21,666.67

Ferro Alloys and Minerals

523.84

399.43

1,315.07

2,154.07

2,636.86

Others

410.00

315.49

1,127.49

1,226.94

1,566.23

Total

6,766.37

5,180.23

18,674.60

19,029.78

25,869.76

Less: Inter segment revenue

391.49

369.83

992.06

1,253.01

1,553.99

Net sales/ income from operations

6,374.88

4,810.40

17,682.54

17,776.77

24,315.77

Segment results before net finance charges, exceptional items and tax:

         

Steel business

2,014.12

1,284.64

5,276.39

6,071.55

7,391.31

Ferro Alloys and Minerals

113.88

143.47

201.80

1,178.20

1,233.94

Others

16.29

(61.72)

76.97

5.00

(29.54)

Unallocated income / (expenditure)

13.99

(131.26)

(119.58)

(27.10)

(127.41)

Total Segment results before net finance charges, exceptional items and tax:

2,158.28

1,235.13

5,435.58

7,227.65

8,468.30

Less: Net Finance Charges

415.72

348.20

1,149.88

844.75

1,152.69

Profit / (Loss) before exceptional items & tax

1,742.56

886.93

4,285.70

6,382.90

7,315.61

Exceptional Items:

         

Exchange Gain / (Loss)

-

(126.80)

-

(775.64)

-

Profit / (Loss) before tax

1,742.56

760.13

4,285.70

5,607.26

7,315.61

Less: Tax Expense

550.81

293.89

1,401.18

1,864.81

2,113.87

Net Profit (+) / Loss (-)

1,191.75

466.24

2,884.52

3,742.45

5,201.74

Segment Capital Employed:

         

Steel business

12,125.32

13,840.58

12,125.32

13,840.58

12,730.41

Ferro Alloys and Minerals

294.71

545.97

294.71

545.97

425.51

Others

248.04

325.33

248.04

325.33

278.67

Unallocated

3,802.05

4,689.72

3,802.05

4,689.72

2,111.06

Total

16,470.12

19,401.60

16,470.12

19,401.60

15,545.65

Notes:

Notes:

1. 1.

The above financial results do not include the consolidated financial performance of the Company. The consolidated

The above financial results do not include the consolidated financial performance of the Company. The consolidated

financial results of the Company including Tata Steel Europe Ltd. (Corus) for the quarter / nine months ended December

financial results of the Company including Tata Steel Europe Ltd. (Corus) for the quarter / nine months ended December

2. 2.

31, 2009 would be published in February, 2010.

31, 2009 would be published in February, 2010.

The Company had issued Convertible Alternate Reference Securities (CARS) for an aggregate principal amount of US$

The Company had issued Convertible Alternate Reference Securities (CARS) for an aggregate principal amount of US$

875 mn in September 2007. The Company invited holders of the CARS to offer to exchange their holdings for 4.5%

875 mn in September 2007. The Company invited holders of the CARS to offer to exchange their holdings for 4.5%

Convertible Bonds due in 2014. The offer closed on November 16, 2009 and Convertible Bonds worth US$ 546.94 mn

Convertible Bonds due in 2014. The offer closed on November 16, 2009 and Convertible Bonds worth US$ 546.94 mn

were issued in exchange of CARS having face value of US$ 493 mn. The 4.5% Convertible Bonds are convertible at Rs.

were issued in exchange of CARS having face value of US$ 493 mn. The 4.5% Convertible Bonds are convertible at Rs.

605.5325 605.5325

at US$/INR rate of 46.36 at any time on or after December 31, 2009 and up to the close of business on

at US$/INR rate of 46.36 at any time on or after December 31, 2009 and up to the close of business on

November 11, 2014. The aggregate principal amount of CARS remaining outstanding after this exchange is US$ 382 mn.

November 11, 2014. The aggregate principal amount of CARS remaining outstanding after this exchange is US$ 382 mn.

3. 3.

The Company adopted the Companies (Accounting Standards) Amendment Rules 2009 relating to Accounting Standard

The Company adopted the Companies (Accounting Standards) Amendment Rules 2009 relating to Accounting Standard

11 11

the quarter) has been adjusted to the carrying value of capital assets during the nine months ended December 31, 2009

the quarter) has been adjusted to the carrying value of capital assets during the nine months ended December 31, 2009

during the last quarter of 2008-09. Accordingly, an exchange translation gain of Rs. 25.01 crores (Rs. 9.05 crores for

during the last quarter of 2008-09. Accordingly, an exchange translation gain of Rs. 25.01 crores (Rs. 9.05 crores for

and Rs.163.71 crores (Rs. 153.71 crores for the quarter) being amortization of cumulative net loss has been charged to

and Rs.163.71 crores (Rs. 153.71 crores for the quarter) being amortization of cumulative net loss has been charged to

profit & loss account. The amortization includes a charge of Rs. 185.01 crores for debt instruments prematurely

profit & loss account. The amortization includes a charge of Rs. 185.01 crores for debt instruments prematurely

extinguished during the current quarter. Had the Company followed the previous practice of recognizing the translation

extinguished during the current quarter. Had the Company followed the previous practice of recognizing the translation

gain / loss in the profit & loss account, the Net Profit for the period ended December 31, 2009 would have been higher by

gain / loss in the profit & loss account, the Net Profit for the period ended December 31, 2009 would have been higher by

4. 4.

Rs. 494.87 crores (by Rs. 215.68 crores during the quarter).

Rs. 494.87 crores (by Rs. 215.68 crores during the quarter).

Information on investor complaints pursuant to clause 41 of the listing agreement for the quarter ended December 31,

Information on investor complaints pursuant to clause 41 of the listing agreement for the quarter ended December 31,

2009:

2009:

Opening Balance

Opening Balance

Received during the quarter

Received during the quarter

Resolved during the quarter

Resolved during the quarter

Closing Balance

Closing Balance

22

22

685

685

233

233

474*

474*

* Out of 474 unresolved complaints, 412 complaints pertain to non-receipt of dividend on Ordinary Shares & Cumulative

* Out of 474 unresolved complaints, 412 complaints pertain to non-receipt of dividend on Ordinary Shares & Cumulative

Convertible Preference Shares (CCPS), 27 complaints pertain to non-receipt of interim dividend on CCPS and 25

Convertible Preference Shares (CCPS), 27 complaints pertain to non-receipt of interim dividend on CCPS and 25

complaints pertain to non-receipt of fractional payment in respect of CCPS. As on date, all complaints relating to unpaid

complaints pertain to non-receipt of fractional payment in respect of CCPS. As on date, all complaints relating to unpaid

5. 5.

6. 6.

dividends and fractional payments are since resolved.

dividends and fractional payments are since resolved.

Figures for the previous period have been regrouped and reclassified to conform to the classification of the current period,

Figures for the previous period have been regrouped and reclassified to conform to the classification of the current period,

wherever necessary.

wherever necessary.

The above results have been reviewed by the Audit Committee and were approved by the Board of Directors in their

The above results have been reviewed by the Audit Committee and were approved by the Board of Directors in their

meeting of date.

meeting of date.

Mumbai: January 28, 2010

Mumbai: January 28, 2010

Tata Steel Ltd.

Tata Steel Ltd.

H.

H.

M. Nerurkar

M. Nerurkar

Managing Director

Managing Director