X

Sign up for Equitymaster's free daily newsletter, The 5 Minute WrapUp and get access to our latest Multibagger guide (2019 Edition) on picking money-making stocks.

This is an entirely free service. No payments are to be made.


Download Now Subscribe to our free daily e-letter, The 5 Minute WrapUp and get this complimentary report.
We hate spam as much as you do. Check out our Privacy Policy and Terms Of Use.
TATA STEEL Announces Quarterly Results (3QFY19); Net Profit Up 48.7%

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 Announces Quarterly Results (3QFY19); Net Profit Up 48.7%
Mon, 11 Feb

TATA STEEL has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

TATA STEEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m334,466435,441412,199-5.3%23.2%
Other incomeRs m2,2593,5442,115-40.3%-6.4%
TurnoverRs m336,725438,985414,314-5.6%23.0%
ExpensesRs m277,497346,246344,966-0.4%24.3%
Gross profitRs m46,71290,83367,557-25.6%44.6%
DepreciationRs m14,75119,07919,2550.9%30.5%
InterestRs m13,27321,53119,400-9.9%46.2%
Profit before taxRs m20,94753,76731,018-42.3%48.1%
TaxRs m9,50823,26414,006-39.8%47.3%
Profit after taxRs m11,43930,50417,012-44.2%48.7%
Gross profit margin%14.020.916.4
Effective tax rate%45.443.345.2
Net profit margin%3.46.94.1
* 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 23.2% on a year-on-year (YoY) basis. The expenses were up by 24.3% YoY during the same period.
  • The company's operating profit increased by 44.6% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 3QFY19 as against 14.0% in 3QFY18.
  • Depreciation charges increased by 30.5% and finance costs increased by 46.2% YoY, respectively.
  • Other income declined by 6.4% YoY during the quarter.
  • Net profit for the quarter increased by 48.7% YoY. Net profit margins during the quarter increased from 3.4% in 3QFY18 to 4.1% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.4% QoQ during the same period.
  • The company's operating profit declined by 25.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 3QFY19 as against 20.9% in 2QFY18.
  • Net profit for the quarter declined by 44.2% QoQ, while net profit margins declined from 6.9% in 2QFY18 to 4.1% in 3QFY19.

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

TATA STEEL Share Price Performance

Over the last one year, TATA STEEL share price has moved up from Rs 683.7 to Rs 465.0, registering a Loss of Rs 218.7 or around 32.0%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 10,061.0 (down 2.0%). Over the last one year it has moved down from 15,100.6 to 10,061.0, a gain of 5,040 points (down 33.4%).

Overall, the S&P BSE SENSEX is up 5.6% over the year.

Current Valuations

At the current price of Rs 465.0, the price to earnings (P/E) ratio of TATA STEEL stands at 2.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.8 times.

Equitymaster requests your view! Post a comment on "TATA STEEL Announces Quarterly Results (3QFY19); Net Profit Up 48.7%". Click here!

  

Related Views on News

TATA STEEL Announces Quarterly Results (4QFY19); Net Profit Down 84.2% (Quarterly Result Update)

Apr 26, 2019 | Updated on Apr 26, 2019

For the quarter ended March 2019, TATA STEEL has posted a net profit of Rs 23 bn (down 84.2% YoY). Sales on the other hand came in at Rs 424 bn (up 17.4% YoY). Read on for a complete analysis of TATA STEEL's quarterly results.

TATA STEEL Announces Quarterly Results (2QFY19); Net Profit Up 215.1% (Quarterly Result Update)

Nov 15, 2018 | Updated on Nov 15, 2018

For the quarter ended September 2018, TATA STEEL has posted a net profit of Rs 31 bn (up 215.1% YoY). Sales on the other hand came in at Rs 435 bn (up 34.1% YoY). Read on for a complete analysis of TATA STEEL's quarterly results.

Tata Steel: India and SEA Shine; Europe Whines (Quarterly Results Update - Detailed)

Nov 3, 2017

India and South East Asia Business reported a good performance on the back of strong volume growth. European business witnessed pressure at EBITDA level due to narrower spread.

Tata Steel: A Strong Quarter (Quarterly Results Update - Detailed)

Aug 12, 2017

Tata Steel reported a robust operating performance on the back of strong domestic and European operations.

More Views on News

Most Popular

7 Stocks That Will Remain Evergreen in this Era of Technological Disruption(The 5 Minute Wrapup)

Jun 13, 2019

We are living in an era of disruption. Are your stocks well equipped to adapt to changes that disruption will bring along?

The Great Indian NBFC Bubble Has Burst but I Will Still Recommend These Safe NBFCs(The 5 Minute Wrapup)

Jun 11, 2019

One chart that predicted the NBFC crisis back in 2016.

Kenneth Andrade Would Like Our Real Estate Stock Recommendation with Triple Digit Upside(The 5 Minute Wrapup)

Jun 12, 2019

This real estate stock recommended in Smart Money Secrets offers the most favourable upside potential.

Why Modi 2.0 Will Be Great for These 7 Stocks(Profit Hunter)

Jun 10, 2019

The government's focus on Infra, electricity, water for all will be the key factors for Sensex 1,00,000.

Why I Believe Smallcaps Will Catch up to the Sensex(Profit Hunter)

Jun 14, 2019

Smallcaps have gone nowhere even as the Sensex makes new all-time highs. Find out why Richa believes this a good opportunity to invest in smallcaps.

More

Get the Indian Stock Market's
Most Profitable Ideas

How To Beat Sensex Guide 2019
Get our special report, How to Beat Sensex Nearly 3X Now!
We will never sell or rent your email id.
Please read our Terms

TATA STEEL SHARE PRICE


Jun 20, 2019 (Close)

TRACK TATA STEEL

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

COMPARE TATA STEEL WITH

MARKET STATS