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

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 (4QFY19); Net Profit Down 84.2%
Fri, 26 Apr

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

TATA STEEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m361,323412,199424,2392.9%17.4%
Other incomeRs m2,7492,1154,899131.7%78.2%
TurnoverRs m364,072414,314429,1373.6%17.9%
ExpensesRs m296,334344,966349,1061.2%17.8%
Gross profitRs m178,75167,55775,24811.4%-57.9%
DepreciationRs m15,12219,25518,805-2.3%24.4%
InterestRs m14,80919,40019,378-0.1%30.9%
Profit before taxRs m151,56931,01841,96435.3%-72.3%
TaxRs m5,76114,00618,99135.6%229.7%
Profit after taxRs m145,80817,01222,97335.0%-84.2%
Gross profit margin%49.516.417.7
Effective tax rate%3.845.245.3
Net profit margin%40.04.15.4
* 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 17.4% on a year-on-year (YoY) basis. The expenses were up by 17.8% YoY during the same period.
  • The company's operating profit declined by 57.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.7% in 4QFY19 as against 49.5% in 4QFY18.
  • Depreciation charges increased by 24.4% and finance costs increased by 30.9% YoY, respectively.
  • Other income increased by 78.2% YoY during the quarter.
  • Net profit for the quarter declined by 84.2% YoY. Net profit margins during the quarter declined from 40.0% in 4QFY18 to 5.4% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 1.2% QoQ during the same period.
  • The company's operating profit increased by 11.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.7% in 4QFY19 as against 16.4% in 3QFY18.
  • Net profit for the quarter increased by 35.0% QoQ, while net profit margins increased from 4.1% in 3QFY18 to 5.4% in 4QFY19.

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 579.1 to Rs 547.2, registering a Loss of Rs 31.9 or around 5.5%.

Meanwhile, the S&P BSE METAL Index is trading at Rs 11,349.7 (up 1.9%). Over the last one year it has moved down from 14,144.9 to 11,349.7, a gain of 2,795 points (down 19.8%).

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

Current Valuations

At the current price of Rs 547.2, the price to earnings (P/E) ratio of TATA STEEL stands at 5.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 0.9 times.

Equitymaster requests your view! Post a comment on "TATA STEEL Announces Quarterly Results (4QFY19); Net Profit Down 84.2%". Click here!

  

Related Views on News

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

Sep 9, 2019 | Updated on Sep 9, 2019

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

TATA STEEL Announces Quarterly Results (1QFY20); Net Profit Down 66.7% (Quarterly Result Update)

Aug 8, 2019 | Updated on Aug 8, 2019

For the quarter ended June 2019, TATA STEEL has posted a net profit of Rs 6 bn (down 66.7% YoY). Sales on the other hand came in at Rs 359 bn (down 5.0% YoY). Read on for a complete analysis of TATA STEEL's quarterly results.

TATA STEEL Announces Quarterly Results (3QFY19); Net Profit Up 48.7% (Quarterly Result Update)

Feb 11, 2019 | Updated on Feb 11, 2019

For the quarter ended December 2018, TATA STEEL has posted a net profit of Rs 17 bn (up 48.7% YoY). Sales on the other hand came in at Rs 412 bn (up 23.2% YoY). Read on for a complete analysis of TATA STEEL's quarterly results.

More Views on News

Most Popular

How to Find the Best Stocks for Day Trading - 1(Fast Profits Daily)

Jul 2, 2020

In the first of two videos, I'll show you how to identify the best stocks for intraday trading.

Be Prepared to Profit from the Coming Crash in Oil Prices(Fast Profits Daily)

Jun 25, 2020

The stability in crude oil prices will not last much longer. Be ready to make fast profits when the time comes to short crude.

Tata Motors Tripled in 18 Months but You Can Do Even Better. Here's How...(Profit Hunter)

Jun 24, 2020

Rahul is ready for a repeat of his famous 2008 Tata Motors call.

Two Agri Stocks Are Likely to Outperform Even in this Market(Profit Hunter)

Jul 2, 2020

Why we have recommended two agriculture stocks for our Hidden Treasure subscribers. Read on...

More

India's #1 Trader
Reveals His Secrets

The 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 SHARE PRICE


Jul 3, 2020 (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

TATA STEEL 8-QTR ANALYSIS

COMPARE TATA STEEL WITH

MARKET STATS