Tata Steel Long Product Q4FY22 and Year Ended result : Net Profit down 82.46% to ₹59.62 crore

Recommended a dividend of ₹ 12.50/- per Equity Share of ₹10.00/- each (125%) to the shareholders of the Company for the Financial Year ended March 31, 2022.

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Tata Steel Long Products (TSLP), powered by TATA Group, is in the business of manufacturing high alloy steel, primarily for the auto sector and wire rope industry. With one million tonne capacity, it is one of the largest specialty steel plants in India in long product segment. The company reported its Q4FY22 and Year Ended financial result today. The details are as follows :

(I) Audited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹ 1,823.67crore in the quarter ended on March 31, 2022 as against ₹ 1,562.21crore in the corresponding quarter ended last year on Mar 31, 2021, increased by 16.73%.

The company has posted a consolidated Net Profit of ₹59.62 crore in the quarter ended on March 31, 2022 as against ₹339.85 crore in the corresponding quarter ended in last year on Mar 31, 2021. The PAT surges down by 82.46%.

The status of the EPS of the company stood at ₹13.22 as on March 31, 2022 compared to the previous quarter ended on Mar 31, 2021 which was ₹23.03, down by 42.6%.

₹*Mar 31, 2022Dec 31, 21Mar 31, 21
Total Income1,823.671,686.981,562.21
Total Expenses1,738.241,530.341,179.04
Total Tax /(credit)25.8140.3343.32
PAT /(Loss)59.62103.88339.85
*figures are in Crores

(II) Audited Consolidated Financial Result details for the Year Ended :

The company has reported, a consolidated Total Income of ₹6,939.14 crore in the financial year ended on March 31, 2022 as against ₹ 4,828.10crore for the financial year ended on Mar 31, 2021, increased by 43.72%.

The company has posted a consolidated Net Profit of ₹629.87 crore in the financial year ended on March 31, 2022 as against ₹571.97 crore for the financial year ended on March 31, 2021. The PAT surges up by 10.122%.

The status of the EPS of the company stood at ₹139.66 as on March 31, 2022 compared to the previous year ended on March 31, 2021 which was ₹126.82, up by 10.12%.

Market Times

₹*Mar 31, 2022 (FY22)Mar 31, 2021 (FY21)
Total Income6,939.144,828.10
Total Expenses6,053.624,213.27
Total Tax /(credit)228.5142.86
PAT /(Loss)629.87571.97
*figures are in Crores

(III) Dividend :

Recommended a dividend of ₹ 12.50/- per Equity Share of ₹10.00/- each (125%) to the shareholders of the Company for the Financial Year ended March 31, 2022. The dividend recommended by the Board of the Company is subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) of the Company and will be paid as per applicable guidelines.

The stock last hit in BSE,

  • Intraday High of ₹ 823.55
  • Intraday low of ₹ 786.60