Tata Steel Q4 results: Should you buy, sell or hold the stock post earnings?
Tata Steel Q4FY23 earnings: For the quarter ended March, the Tata Group's steel flagship company, reported a consolidated net profit of 1,566.24 crore as against a major loss of 2, 501.95 crore in the third quarter of the same fiscal.
TATA STEEL LTD. - 500470 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Audio / Video recording of Tata Steel 4QFY2023 and FY2023 Earnings Discussion
Tata Steel's Q4 points to divergent cyclical trends in steel markets
So are analyst opinions with ratings ranging between 'hold to 'buy', and valuations between Rs 110 and Rs 132
Domestic demand on a strong wicket: Tata Steel
China is 50% of global steel consumption. So, if China recovers well, that's good for the industry. Also, US steel companies are among the most profitable globally. So, if China and the US are strong, the impact on the industry is big. Tata Steel Results Earnings Call for Q4FY23
Conference Call with Tata Steel Management and Analysts on Q4FY23 Performance and Outlook. Listen to the full earnings transcript. Q4FY23 Quarterly & FY23 Annual Result Announced for Tata Steel Ltd.
Iron & Steel Products company Tata Steel announced Q4FY23 & FY23 results: Consolidated Q4FY23: Revenues stood at Rs 62,962 crore EBITDA was at Rs 7,225 crore EBITDA margin of ~11% The company has spent Rs 4,396 crore on capital expenditure during the quarter Consolidated FY23: Revenues for FY23 stood at Rs 2,43,353 crore EBITDA stood at Rs 32,698 crore, with an EBITDA margin of ~13% Profit after Tax stood at Rs 8,075 crore The company has spent Rs 14,142 crore on capital expenditure for the full year Net debt decreased by ~Rs 3,900 crore to Rs 67,810 crore. Our liquidity remains strong at Rs 28,688 crore. Net debt to EBITDA was 2.07x. The Board of Directors recommends a dividend of Rs 3.60 per fully paid-up equity share of face value of Re 1/- each. T V Narendran, Chief Executive Officer & Managing Director: “FY2023 saw our India crude steel production growing to around 19.9 million tons, with a 65% share of our overall volumes. Deliveries were in line with production with domestic deliveries growing 11% YoY and driving product mix improvement. The quarter also saw strong momentum with deliveries growing by 9% QoQ to 5.15 million tons. We have multiple projects ongoing at various locations in India as we work towards 40 MTPA by 2030. The phased commissioning of our expansion at Kalinganagar continues with FHCR coils now being produced at the CRM complex. Within 9 months of acquisition, we have successfully ramped up Neelachal Ispat Nigam Limited to ~1 million tons on annualised basis. We have also progressed on our plans to set up our first EAF mill in Punjab. During the quarter, Europe deliveries were up 9% QoQ. The Cold Mill upgrade at Ijmuiden is progressing and we have commenced the relining of BF6 in early April. Sustainability is at the core of our strategy and Tata Steel has committed to Net Zero by 2045. Our route and pace of decarbonisation across geographies will be calibrated for each location based on the local regulatory framework, government support and willingness of customers to pay for higher cost green steel. We continue to pursue multiple initiatives to reduce our emissions including a recently initiated trial for injecting large quantity of hydrogen into one of our blast furnaces at Jamshedpur, a global first. I am also happy to share that Tata Steel has been recognised by worldsteel as Sustainability champion for the sixth time in a row and by World Economic Forum as Global Diversity, Equity & Inclusion Lighthouse.” Result PDF
Tata Steel share price flat following positive Q4FY23 earnings
Tata Steel share price: Shares of Tata Steel Ltd were trading flat on Wednesday early trade following robust Q4FY23 earnings.
MARKET LIVE: Weak open likely on sombre global cues;Tata Steel, IndiGo eyed
Stock market live: Overnight in the US, banking shares declined as investors fret over the stability of small regional banks. The Dow Jones and Nasdaq fell 1.08% each while the S&P 500 shed 1.16% TATA STEEL LTD. - 500470 - Details Of Related Party Transactions
Details of Related Party Transactions for the half-year ended March 31, 2023. TATA STEEL LTD. - 500470 - Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
Format of the Annual Disclosure to be made by an entity identified as a Large Corporate. Sr. No. Particulars Details 1 Name of Company TATA STEEL LTD. 2 CIN NO. L27100MH1907PLC000260 3 Report filed for FY 2022-2023 Details of the Current block (all figures in Rs crore): 4 2 - year block period (Specify financial years)* 2022-23, 23-24 5 Incremental borrowing done in FY (T)(a) 166000000000.00 6 Mandatory borrowing to be done through debt securities in FY (T) (b) = (25% of a) 41500000000.00 7 Actual borrowing done through debt securities in FY (T)(c) 41500000000.00 8 Shortfall in the borrowing through debt securities, if any, for FY (T - 1) carried forward to FY (T) (d) 0 8Quantum of (d), which has been met from (c)(e)* 0 9 Shortfall, if any, in the mandatory borrowing through debt securities for FY (T) { after adjusting for any shortfall in borrowing for FY(T - 1) which was carried forward to FY(T)}(f) = (b) - [(c) - (e)]{ If the calculated value is zero or negative, write 'nil'}* 0 Details of penalty to be paid, if any, in respect to previous block (all figures in Rs crore): 2 - year Block period (Specify financial years)FY2020-21, 21-22 Amount of fine to be paid for the block, if applicable Fine = 0.2% of {(d) - (e)}#0.00 Name of the Company Secretary :-PARVATHEESAM KANCHINADHAMDesignation :-COMPANY SECRETARY Name of the Chief Financial Officer :- KOUSHIK CHATTERJEE Designation : -EXECUTIVE DIRECTOR AND CFO Date: 02/05/2023