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

May 24 2013, 02:53 IST
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SummaryFor 2012-13, the steelmaker posted a net loss of Rs 7,058 crore

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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