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Tata Steel reports consolidated financial results for the quarter and nine month ended
Key Highlights:
▪ Health and Safety: Lost Time injury frequency rate per mn man hours worked of Tata Steel group decreased to 0.68 in 3QFY20
▪ Consolidated steel production stood at 6.99 mn tons; deliveries grew by 12%QoQ to 7.31 mn tons
▪ India1 steel production stood at 4.47 mn tons. India 1 deliveries jumped 17%QoQ to 4.85 mn tons and contributed ~66% of consolidated deliveries
▪ Consolidated revenues increased 3%QoQ to Rs.35,520 crores while India revenues grew by 5%QoQ and stood at Rs.21,299 crores
▪ Consolidated reported EBITDA was Rs.3,659 crores and India 1 reported EBITDA was Rs.4,111 crores
▪ India 1 reported PAT was Rs.1,194 crores
▪ Our liquidity remains robust at Rs.14,027 crores comprising of cash and cash equivalents of Rs.5,239 crores and undrawn bank lines of Rs.8,788 crores
▪ Gross debt during the quarter was Rs.1,09,867 crores; Net debt stood at Rs.1,04,628 crores