Tata Steel records FY'15 turnover at Rs.41,785 crores
"Q4FY’15 turnover increased by 7% toRs.10,635 crores from Rs.9,897 crores in the previous quarter but fell 13% from Rs.12,191 crores in Q4FY’14. The quarter-on-quarter improvement in revenue was driven by higher volumes partially offset by lower realisations," the company said in a statement.
Rs. FY’15 EBITDA declined by 24% to Rs.10,102 crores fromRs.13,281 crores in FY’14.
The company said Q4FY’15 EBITDA was Rs.1,661 crores compared toRs.1,979 crores in Q3FY’15 and Rs. 4,052 crores in Q4FY’14. The decline was driven by a steep fall in realisations combined with an increase in iron ore costs on purchased iron ore that was procured to support the operations during the previous quarters when the captive mining operations were closed due to regulatory actions.
Profit after tax in FY’15 was flat at Rs.6,439 crores compared to Rs.6,412 crores in FY’14, the company said.
"Q4FY’15 profit was Rs.814 crores compared to Rs.881 crores in Q3FY’15 and Rs.1,979 crores in Q4FY’14," it said.
Earnings Per Share (EPS) in FY’15 increased marginally to Rs.64.49 from Rs. 64.21 in FY’14. EPS in Q4FY’15 was Rs.7.94 compared to Rs.8.61 in Q3FY’15 and Rs.19.93 in Q4FY’14," it said.
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