Tata Steel Group’s profit after tax (after minority interest and share of profit of associates) for the nine months of the financial year Apr-Dec 2012-13 (9M FY’13) was a loss of Rs5290M ($96M) compared to the profit of Rs 49.560bn ($901M) in the nine months of the previous year (9M FY’12).
The 9M FY’12 figure included one-off gains of Rs33.620bn ($611M) on sale of investments and Rs6850M ($125M) from the Teeside Cast Products (in UK) arbitration settlement.
Tata Steel, headquartered in India, has operations in India, Europe and elsewhere in Asia.
The Indian operations recorded a profit after tax of Rs37540M ($683M) in the first 9-months of FY’13 but 27% down on the Rs51360M ($934M) for the same period FY’12.
The turnover in India for the first 9-months FY’13 was Rs274290M ($4989M) compared to Rs244540M ($4448M) in 9M FY’12.
EBITDA for the period was Rs79840M ($1452M) compared to Rs85840M ($1561M) in 9M FY’12.
The European operations in 9M FY’13 had a turnover of Rs588460M ($10703M) and EBITDA of Rs1520M ($28M) compared to a turnover of Rs622300M ($11319M) and EBITDA of Rs16320M ($297M) for 9M FY’12.
The South East Asian operations for 9M FY’13 reported a turnover of Rs103430M ($1881M) and EBITDA Rs2590M ($47M) compared to turnover of Rs95580M ($1738M) and EBITDA of Rs1070M ($20M) for 9M FY’12.
The Group’s steel deliveries in 9M FY’13 totalled 17.57Mt compared to 18.01Mt in 9M FY’12.
Group consolidated turnover was Rs1000.610bn ($18.2bn) in 9M FY’13 compared to Rs989.010bn ($17.989bn) in 9M FY’12.
Group EBITDA in 9M FY’13 was Rs82.860bn ($1.507bn) compared to Rs101.140bn ($1.840bn) in 9M FY’12.
Net debt at the end of December 2012 was Rs579.810bn ($10.546bn) versus Rs476.570bn ($8.668bn) at the end of March 2012.
In the third quarter Q3 FY 13 ((Oct-Dec) Tata Group recorded a loss of Rs7630M ($139M) compared to a loss of Rs3640M ($66M) in Q2 FY’13 and the loss of Rs6030M ($110M) in Q3 FY’12.