New Delhi: Tata Steel on February 7 reported a loss of Rs 1,229 crore for the December quarter of FY20 against a profit of Rs 1,753 crore in the corresponding quarter of the previous financial year.The company had reported a profit of Rs 3,302 crore in Q2FY20.
Consolidated EBITDA for the said quarter came at Rs 3,659 crore against Rs 6,726 crore YoY and Rs 3,893 crore QoQ. EBITDA margin came at 10.2 percent, down 710 bps YoY against 17.3 percent. EBITDA per tonne stood at Rs 5,003 crore against Rs 10,404 crore in Q3FY20 and Rs 5,963 crore QoQ.
Reporting its India operations, the company said its profit for the quarter stood at Rs 1,194 crore in Q3FY20, down 47 percent YoY against Rs 2,253 crore in Q3FY19.
The company said its consolidated steel production stood at 6.99 million tonne while deliveries grew by 12 percent QoQ to 7.31 million tonne.
India1 steel production stood at 4.47 million tonne. India deliveries jumped 17 percnet QoQ to 4.85 million tonne and contributed nearly 66 percent of consolidated deliveries, the company said.
