TATA STEEL BSL Announces Quarterly Results (1QFY20); Net Profit Down 94.6%

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TATA STEEL BSL Announces Quarterly Results (1QFY20); Net Profit Down 94.6%
Mon, 29 Jul

TATA STEEL BSL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

TATA STEEL BSL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m46,23655,17543,327-21.5%-6.3%
Other incomeRs m2263023154.1%39.5%
TurnoverRs m46,46255,47743,642-21.3%-6.1%
ExpensesRs m37,95347,31535,587-24.8%-6.2%
Gross profitRs m37,6578,6438,438-2.4%-77.6%
DepreciationRs m3,6073,6603,481-4.9%-3.5%
InterestRs m13,2327,4084,139-44.1%-68.7%
Profit before taxRs m21,043-2,1241,133-94.6%
TaxRs m0000.0%0.0%
Profit after taxRs m21,043-2,1241,133-94.6%
Gross profit margin%81.415.719.5
Effective tax rate%0.00.00.0
Net profit margin%45.3-3.82.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 6.3% on a year-on-year (YoY) basis. The expenses were down by 6.2% YoY during the same period.
  • The company's operating profit declined by 77.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 1QFY20 as against 81.4% in 1QFY19.
  • Depreciation charges declined by 3.5% and finance costs declined by 68.7% YoY, respectively.
  • Other income increased by 39.5% YoY during the quarter.
  • Net profit for the quarter declined by 94.6% YoY. Net profit margins during the quarter declined from 45.3% in 1QFY19 to 2.6% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 21.5% on a quarter-on-quarter (QoQ) basis. The expenses were down by 24.8% QoQ during the same period.
  • The company's operating profit increased by 2.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.5% in 1QFY20 as against 15.7% in 4QFY19.
  • Net profit for the quarter increased by 153.3% QoQ, while net profit margins increased from -3.8% in 4QFY19 to 2.6% in 1QFY20.

To see how TATA STEEL BSL has performed over the last eight quarters,please visit here.

TATA STEEL BSL Share Price Performance

Over the last one year,TATA STEEL BSL share price has moved up from Rs 23.9 to Rs 26.9, registering a Gain of Rs 3.1 or around 12.8%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 9,847.7 (down 2.3%). Over the last one year it has moved down from 12,511.1 to 9,847.7, a gain of 2,663 points (down 21.3%).

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 26.9, the price to book value (P/BV) ratio of TATA STEEL BSL stands at 0.0 times.

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Related Views on News

TATA STEEL BSL Announces Quarterly Results (4QFY19); Net Profit Up 99.0% (Quarterly Result Update)

Apr 22, 2019 | Updated on Apr 22, 2019

For the quarter ended March 2019, TATA STEEL BSL has posted a net profit of Rs 2 bn (up 99.0% YoY). Sales on the other hand came in at Rs 55 bn (up 22.7% YoY). Read on for a complete analysis of TATA STEEL BSL's quarterly results.

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