Result Review: Tata Steel

Result Review: Tata Steel

For Q1FY2010, Tata Steel posted a consolidated topline de-growth of 47% y-o-y, to Rs23,181 crore (Rs43,375cr) on account of the decline in sales volumes and average realisations in its overseas operations.

Tata Steel Europe’s (TSE) sales volume declined by 48% y-o-y to 3.3 million tonnes (MT) (6.3MT), while Tata Steel Thailand’s and NatSteel’s sales volumes were down by 25% y-o-y and 35% y-o-y, to 0.3MT and 0.5MT, respectively.

However, Tata Steel India posted a 22% y-o-y growth in its sales volume to 1.4MT. Hence, the consolidated sales volumes of the company fell by 37% y-o-y to 5.4MT (8.6MT).

The topline was also impacted by the 1% y-o-y decline in the average realisation of TSE to $925/tonne ($950/tonne), while realisations on the South-Asian operations front declined by 32% y-o-y.

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