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

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TATA STEEL BSL Announces Quarterly Results (4QFY19); Net Profit Up 99.0%
Mon, 22 Apr

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

TATA STEEL BSL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m44,96048,88555,17512.9%22.7%
Other incomeRs m691342302-11.6%-56.3%
TurnoverRs m45,65149,22755,47712.7%21.5%
ExpensesRs m37,32738,80847,31521.9%26.8%
Gross profitRs m-222,2828,7358,643-1.1%
DepreciationRs m5,1833,5863,6602.1%-29.4%
InterestRs m17,2617,8877,408-6.1%-57.1%
Profit before taxRs m-244,035-2,396-2,124
TaxRs m-31,506000.0%
Profit after taxRs m-212,529-2,396-2,124
Gross profit margin%-494.417.915.7
Effective tax rate%12.90.00.0
Net profit margin%-465.6-4.9-3.8
* 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 grew 22.7% on a year-on-year (YoY) basis. The expenses were up by 26.8% YoY during the same period.
  • The company's operating profit declined by 103.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 4QFY19 as against 494.4% in 4QFY18.
  • Depreciation charges declined by 29.4% and finance costs declined by 57.1% YoY, respectively.
  • Other income declined by 56.3% YoY during the quarter.
  • Net profit for the quarter increased by 99.0% YoY. Net profit margins during the quarter increased from -465.6% in 4QFY18 to -3.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 12.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.9% QoQ during the same period.
  • The company's operating profit declined by 1.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 4QFY19 as against 17.9% in 3QFY18.
  • Net profit for the quarter increased by 11.4% QoQ, while net profit margins increased from -4.9% in 3QFY18 to -3.8% in 4QFY19.

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 35.8 to Rs 33.8, registering a Loss of Rs 2.0 or around 5.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 11,537.3 (down 0.6%). Over the last one year it has moved down from 14,732.0 to 11,537.3, a gain of 3,195 points (down 21.7%).

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 33.8, the price to earnings (P/E) ratio of TATA STEEL BSL stands at 0.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.2 times.

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For the quarter ended June 2019, TATA STEEL BSL has posted a net profit of Rs 1 bn (down 94.6% YoY). Sales on the other hand came in at Rs 43 bn (down 6.3% YoY). Read on for a complete analysis of TATA STEEL BSL's quarterly results.

BHUSHAN STEEL Announces Quarterly Results (2QFY19); Net Profit Up 102.6% (Quarterly Result Update)

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