Tata Steel Q2 Result Update Highlights: Anand Rathi
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Anand Rathi Report
The consolidated revenue increased during the quarter by 12.9% quarter-on-quarter and 54.8% year-on-year to ₹ 602.8 billion.
Tata Steel Ltd. achieved a new highest ever quarterly consolidated Ebitda of ₹ 164.5 billion, which reflects a margin of 27.3%.
The consolidated profit after tax was also one of the highest at ₹ 123.6 billion with a net profit margin of 20.5%.
During the quarter, Tata Steel standalone business deliveries improved 10.4 % quarter-on-quarter to 4.58 million tons, while consolidated front steel production fell by 1.4% to 7.77 million tons, steel deliveries increased by 3.9% to 7.39 million tons in Q2 FY22 over Q1 FY22.
As compared with Q2 FY21, the steel production is higher by 7.2% but deliveries are lower by 6.8%, despite market demand contraction amidst seasonal weakness, and this is a testament to their strong customer relationships and a superior distribution network.
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