Tata Steel Ltd. Q4FY24 & FY24 Annual Results:

Jun 23, 20241 min read

Tata Steel, India's leading steel producer, announced its financial results for the fourth quarter (Q4FY24) and the full fiscal year 2024 (FY24).

Q4FY24 Consolidated Financial Highlights:

FY24 Consolidated Financial Highlights:

Revenue: ₹2,29,171 crore
EBITDA: ₹23,402 crore (primarily driven by improved performance in India)
Capital Expenditure (capex): ₹4,850 crore in Q4FY24 and ₹18,207 crore for the full year
Net Debt: ₹77,550 crore
Liquidity: ₹31,767 crore (including cash & cash equivalents of ₹9,532 crore)

India Business Performance:

Annual Revenue: ₹1,42,902 crore (marginally higher YoY)
Annual EBITDA: ₹31,057 crore (10% YoY increase) with an EBITDA margin of 22%
Q4FY24 Deliveries: 5.42 million tons (5% YoY increase)
Q4FY24 Revenue: ₹36,864 crore
Q4FY24 EBITDA: ₹8,261 crore with an EBITDA margin of around 22%

Key Takeaways:

Profit Decline: Q4FY24 saw a significant decline in net profit due to lower steel realization and restructuring costs related to the UK operations.
Improved India Performance: The company's India operations performed well, with increased deliveries and higher EBITDA.
Capex Investment: Tata Steel continued to invest in its growth, with substantial capex during the year, including the ongoing expansion at Kalinganagar.
Debt Reduction Focus: The company is actively working on reducing its net debt.

Further Information and Analysis:

For more detailed analysis and insights on Tata Steel's Q4FY24 and FY24 results, you can refer to the following resources:

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