TATA STEEL LONG PROD Announces Quarterly Results (3QFY21); Net Profit Up 371.3%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

TATA STEEL LONG PROD Announces Quarterly Results (3QFY21); Net Profit Up 371.3%
Fri, 15 Jan

TATA STEEL LONG PROD has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

TATA STEEL LONG PROD Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m9,99311,85913,64215.0%36.5%
Other incomeRs m93157358128.4%286.1%
TurnoverRs m10,08612,01513,99916.5%38.8%
ExpensesRs m9,64510,0239,545-4.8%-1.0%
Gross profitRs m3491,8364,096123.2%1075.4%
DepreciationRs m8317868477.7%1.9%
InterestRs m728628568-9.6%-22.0%
Profit before taxRs m-1,1185783,039426.0%
TaxRs m4-13-5-207.1%
Profit after taxRs m-1,1225913,044415.5%
Gross profit margin%3.515.530.0
Effective tax rate%-0.4-2.2-0.1
Net profit margin%-11.14.921.7
* 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 36.5% on a year-on-year (YoY) basis. The expenses were down by 1.0% YoY during the same period.
  • The company's operating profit increased by 1075.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.0% in 3QFY21 as against 3.5% in 3QFY20.
  • Depreciation charges increased by 1.9% and finance costs declined by 22.0% YoY, respectively.
  • Other income increased by 286.1% YoY during the quarter.
  • Net profit for the quarter increased by 371.3% YoY. Net profit margins during the quarter increased from -11.1% in 3QFY20 to 21.7% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 15.0% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.8% QoQ during the same period.
  • The company's operating profit increased by 123.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 30.0% in 3QFY21 as against 15.5% in 2QFY20.
  • Net profit for the quarter increased by 415.5% QoQ, while net profit margins increased from 4.9% in 2QFY20 to 21.7% in 3QFY21.

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

Going Live Today at 6PM: Know what opportunities India's growth story can create for you and more

TATA STEEL LONG PROD Share Price Performance

Over the last one year, TATA STEEL LONG PROD share price has moved up from Rs 455.0 to Rs 779.5, registering a Gain of Rs 324.5 or around 71.3%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 12,502.0 (up 0.3%). Over the last one year it has moved up from 10,848.6 to 12,502.0, a gain of 1,653 points (up 15.2%).

Overall, the S&P BSE SENSEX is up 17.9% over the year.

Current Valuations

At the current price of Rs 779.5, the price to earnings (P/E) ratio of TATA STEEL LONG PROD stands at 12.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 1.1 times.

Equitymaster requests your view! Post a comment on "TATA STEEL LONG PROD Announces Quarterly Results (3QFY21); Net Profit Up 371.3%". Click here!

  

Related Views on News

TATA SPONGE Announces Quarterly Results (1QFY20); Net Profit Down 288.8% (Quarterly Result Update)

Jul 31, 2019 | Updated on Jul 31, 2019

For the quarter ended June 2019, TATA SPONGE has posted a net profit of Rs 860 m (down 288.8% YoY). Sales on the other hand came in at Rs 7 bn (up 170.0% YoY). Read on for a complete analysis of TATA SPONGE's quarterly results.

TATA SPONGE 2018-19 Annual Report Analysis (Annual Result Update)

Jun 27, 2019 | Updated on Jun 27, 2019

Here's an analysis of the annual report of TATA SPONGE for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of TATA SPONGE. Also includes updates on the valuation of TATA SPONGE.

More Views on News

Most Popular

India: Recovery Stalled by Vaccine Games?(The Honest Truth)

Apr 13, 2021

Ajit Dayal on how India's vaccine strategy will impact the markets.

Top 3 Nifty ETFs to Buy Now(Fast Profits Daily)

Apr 20, 2021

In this video I tell you the three Nifty ETFs I think are the best.

A Stock with 700% Return Potential Comes with Additional Payoffs(Profit Hunter)

Apr 15, 2021

Narayana Murthy was one of the first unicorn founders to get the backing of this entity...

11x Bankruptcy to Bluechip Stock: A Rare India Revival Story(Profit Hunter)

Apr 16, 2021

There is no stopping this 11-bagger stock from significant upside.

Why Did the Market Crash on Monday?(Fast Profits Daily)

Apr 13, 2021

In this video, I'll you what I think is the real reason behind yesterday's market crash.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

TATA STEEL LONG PROD SHARE PRICE


Apr 23, 2021 03:37 PM

TRACK TATA STEEL LONG PROD

  • Track your investment in TATA STEEL LONG PROD with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON TATA STEEL LONG PROD

TATA STEEL LONG PROD 5-YR ANALYSIS

COMPARE TATA STEEL LONG PROD WITH

MARKET STATS