Transition to IND-AS Reporting and other accounting changes: Profit after Taxes from Discontinuing OperationsĮarnings per Share for continuing operations (Rs.) Profit after Taxes from Continuing Operations Other Indian subsidiaries reported around Rs.2,872, 188% higher compared to Q4FY16 and 497% higher compared to Q1FY16. EBITDA margin of 9.3% expanded by 560 bps as compared to 3.7% in Q4FY16 and 780 bps as compared to 1.5% in Q1FY16. 187 crores, 180% higher than Q4FY16 and 461% higher compared to Q1FY16 largely due to increase in international prices and cost improvement initiatives undertaken. Focus on structural cost reduction and profitability improvement continues across all the sites.Differentiated products and services increased by 8% in the quarter and now comprise 35% of the total sales.578 crores in Q4FY16 on the back of the depreciation of the Pound, short term improvements in steel prices, impact of restructuring undertaken earlier in the UK and stronger performance in Netherlands. 856 crores, as compared with a loss of Rs. Liquid steel production of 2.68mt in line with Q4FY16 but 15.7% lower than Q1FY16, following the strategic decision to reduce volumes in the UK and focus on higher-value added products.Kalinganagar plant starts commercial production from June 1, 2016.10,455, 27% higher compared to Q4FY16 and 19% higher compared to Q1FY16. 2,236 crores, representing EBITDA margin of 22% expanded by 250 bps compared to Q4FY16 due to higher realisations and focus on value added products. Branded products now account for 34% of total deliveries. Automotive sales grew by 19% over Q1FY16. Deliveries of 2.14mt in line with Q1FY16.Strong liquidity position with cash & cash equivalents including drawn and undrawn bank lines of Rs.2,833 crores due to the above divestment. Total Comprehensive Income for the period is loss of Rs.The sale was completed during the quarter. 3,296 crores recognised on account of divestment of Long Steel UK Limited. Loss from discountinued operations of Rs.
Pre-exceptional underlying Profit Before Tax of Rs.EBITDA margin of 12.4% expanded by 520 bps as compared to 7.2% in Q4FY16 and 280 bps compared to 9.6% in Q1FY16. 3,270 crores, 65% higher than Q4FY16 and 21% higher than Q1FY16 due to improved operating performance across India, Europe and South East Asia. Deliveries of 5.41mt and turnover of Rs.Tata Steel Group Consolidated Performance Highlights:
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