Tata Steel Q4 Results LIVE: Net profit falls 64% YoY to ₹611 cr, dividend of ₹3.60 declared

3 min read | Updated on May 29, 2024, 20:29 IST

SUMMARY

Tata Steel Q4 Results LIVE: Steel supplier and manufacturer Tata Steel reported net profit of ₹611 crore in the January-March quarter of FY4, down 65% YoY. Its revenue from operations in the reporting quarter fell nearly 7% year-on-year to ₹58,687 crore.

Tata Steel Q4 results

Tata Steel Q4 Results Live Update at 7:45 pm: The company's board has recommended a dividend of ₹3.6 per share and fixed June 21 as the record date to determine the eligibility of shareholders.

Tata Steel Q4 Results Live Update at 7:35 pm: Consolidated Revenues for FY2024 were at ₹2.29 lakh crores. EBITDA stood at ₹23,402 crores and has been primarily driven by improved performance at India operations.

The net debt stands at ₹77,550 crores, while group liquidity remains strong at ₹31,767 crores, which includes cash & cash equivalents of ₹9,532 crores.

Tata Steel Q4 Results Live Update at 7:30 pm: Consolidated Revenues for the fourth quarter stood at ₹58,687 crores, up 6% QoQ on improved volumes across geographies. EBITDA was at ₹6,631 crores with an EBITDA margin of ~11%.

Meanwhile, company reported 64% YoY fall in fourth quarter profit (attributable to owners) at ₹611.48 crore, amid poor performance in the steelmaker's international operations.

Tata Steel Q4 Results Live Update at 03:39 pm: Shares of the steel producer and supplier closed 0.5% lower at ₹174 on the NSE.

Tata Steel Q4 Results Live Update at 03:01 pm: Trading stats

Share price: ₹174.3 (-0.34%) Open: ₹174.75 High: ₹176 Low: ₹173.5 Total market cap: ₹2,17,587.88 crore Free float market cap: ₹1,43,566.80 crore

Tata Steel Q4 Results Live Update at 01:15 pm: Product segments

Agriculture
Automotive
Construction
Consumer goods
Energy and power
Engineering
Material handling

Tata Steel Q4 Results Live Update at 12:20 pm: Shares of Tata Steel were trading 0.57% lower at ₹173.9 on the NSE.

Tata Steel Q4 Results Live Update at 11:01 am: Board of Directors

Natarajan Chandrasekaran, Chairman, Non-Executive
Noel Naval Tata, Vice-Chairman, Non-Executive
Deepak Kapoor, Independent Director
Farida Khambata, Independent Director
Bharti Gupta Ramola, Independent Director
V K Sharma, Independent Director
Dr Shekhar C Mande, Independent Director
Saurabh Agrawal, Non-Executive Director
TV Narendran, CEO and Managing Director
Koushik Chatterjee, Executive Director and Chief Financial Officer

Tata Steel Q4 Results Live Update at 09:55 am: Shares of Tata Steel were trading flat at ₹174.8, down 0.06%, on the NSE.

Tata Steel Q4 Results LIVE: Steel supplier and manufacturer Tata Steel will release its earnings for the March 2024 quarter on Wednesday, May 29, 2024.

Tata Steel Limited, part of Tata Group, is among the largest steel producers in the world. Its annual crude steel capacity across Indian operations is nearly 20 million tonnes per annum (MnTPA). The company registered a turnover of ₹1.37 lakh crore in FY23.

Also Read: Comparing the performance of promoter-driven and professionally managed companies

Other companies that will release their Q4 results today include Mazagon Dock Shipbuilders, Bata India, Aadhar Housing Finance, Cummins India, Alkem Laboratories, GMR Airports Infrastructure, Emami, GR Infraprojects, Lemon Tree Hotels, Redtape, Shree Renuka Sugars, Shriram Properties and Suprajit Engineering.

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