This steel company reported a robust rise in net profit of 157% in Q4

This steel company reported a robust rise in net profit of 157% in Q4

by 5paisa Research Team Last Updated: May 04, 2023 - 11:50 am 228 Views

Board of the company declared a dividend of Rs 3.60. 

Quarterly performance 

Tata Steel Ltd on a consolidated basis, reported a rise of 157.37% in its net profit at Rs 1,469.99 crore for the fourth quarter ended March 31, 2023, as compared to the same quarter last year. During the quarter, Consolidated Revenues stood at Rs 62,962 crore and EBITDA was at Rs 7,225 crore, with an EBITDA margin of 11%. 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. 

Share price movement 

 At the time of writing, Tata Steel was trading at Rs 111.55, up by 1.75 points or 1.59% from its previous closing of Rs 109.80 on the BSE. 

The scrip opened at Rs 109.80 and touched a high and low of Rs 111.75 and Rs 109.55, respectively. So far 12,21,070 shares were traded on the counter. 

The BSE group 'A' stock of face value of Rs 1 has touched a 52-week high of Rs 133 and a 52-week low of Rs 82.71. The current market cap of the company is Rs 1,36,129.77 crore. 

The promoters holding in the company stood at 33.90%, while Foreign Institutions and Domestic Institutions held 20.62% and 20.68%, respectively.

Company profile 

Tata Steel Limited is a public limited Company incorporated in India with its registered office in Mumbai, Maharashtra, India. The company is listed on the BSE Limited (BSE) and the National Stock Exchange of India Limited (NSE). Tata Steel was established in India as Asia’s first integrated private steel company in 1907. Today, the company is among the leading global steel companies. 

It has a presence across the entire value chain of steel manufacturing from mining and processing iron ore and coal to producing and distributing finished products. The company offers a broad range of steel products including a portfolio of high-value-added downstream products such as hot rolled, cold rolled, coated steel, rebars, wire rods, tubes, and wires.

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