Tata Steel in Rs6,528-cr Q4 loss on impairment

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SummaryFor 2012-13, the steelmaker posted a net loss of Rs 7,058 crore

a Q4FY13 net profit of Rs 1,309.21 crore around 16% lower y-o-y and net sales up 13% to Rs 10,602.88. For FY13, Tata Steel's standalone net profit fell 24% to Rs 5,062.97 crore from Rs 6,696.42 crore last year while net sales grew 12% to Rs 37,725 crore.

For 2012-13, the steelmaker posted a net loss of Rs 7,058 crore, primarily due to the provisions for impairment of assets. Last fiscal, it had reported a net profit of Rs 5,390 crore.

During the fiscal, its net sales grew marginally to Rs 133,416.60 crore from Rs 132,257.36 crore. Ebitda during the full fiscal was lower than that of last year. In 2012-13 Ebitda for Tata Steel stood at Rs 12,654 crore, a drop of 6.4% from Rs 13,533 crore last year. The Ebitda margin for the fiscal also fell to 9.4% from 10.2% last year.

The company's total steel deliveries during 2012-13 stood at 24.13 million tonnes, marginally lower than 24.22 million tonnes last year. During the fourth quarter, the company's steel deliveries stood at 6.56 million tonnes (mt) , marginally higher than 6.22 mt last year.

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