Tata Steel reports their consolidated PAT is Rs. 9,098 crore in FY19 which was Rs. 17,763 crore in FY18 and consolidated PAT is Rs. 2,295 crore in 4Q FY19 which was Rs. 14,688 crore in 4Q FY 18. Their PAT in India is Rs. 9,652 crore in FY19 which was Rs. 4,170 in FY18 and Rs. 2,285 in 4Q FY 19 which was Rs. 1,031 in 4Q FY18. They have also reported that Consolidated steel production of 4Q FY19 and deliveries grew 27% YoY and 29% YoY; respectively India’s production and deliveries increased by 46% YoY and 55% YoY in 4Q FY19, respectively. On the other hand, India steel production grew by 35%YoY to 16.81 MN tons in FY19 with the acquisition of Tata Steel BSL as well as ramp up at both Kalinganagar and Tata Steel BSL. India steel deliveries jumped 33%YoY to 16.26 MN tons in FY19 and now account for more than 62% of consolidated volumes.
India revenues from operations for the year increased by 47% YoY to Rs. 88,987 crore driven by higher volumes and better realisations. T V Narendran, CEO and Managing Director, said, “Our strategy of focusing on operational excellence, strong customer relationships, superior distribution network and brands is paying rich dividends. Despite subdued steel markets and weak growth in our key customer segments, this year our volumes in India grew by over 33% leading to a significant improvement in our overall profitability and cash flows.”