G
TATARef: G - 193 May 16, 2017
The Secretary, Listing Department BSE Limited
Phiroze Jeejeebhoy Towers, Dalal Street,
Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470
Dear Sirs/Madam,
The Manager, Listing Department National Stock Exchange of India Limited Exchange Plaza, 5th Floor, Plot No. C/1,
G Block, Bandra-Kurla Complex, Sandra (E), Mumbai - 400 051.
Maharashtra, India. Symbol: TATASTEEL
Re: Outcome of the Board Meeting This has reference to our letter dated May 8, 2017.
The Board of Directors at the meeting held today, i.e. May 16, 2017, inter a/ia transacted the
following business:
Financial Results
Approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company, for the quarter ended March 31, 2017.
Approved the Audited Standalone and Consolidated Financial Results of the Company, for the financial year ended March 31, 2017
Deloitte Haskins & Sells LLP, the Statutory Auditors of the Company have issued auditors' reports with an unmodified opinion on the financial statements.
2. Dividend and 11oth Annual General Meeting (AGM)
Recommended a dividend of Rs.10/- per Equity (Ordinary) share of Rs.10/- each to the shareholders for the financial year ended March 31, 2017, subject to the approval of the shareholders at the ensuing AGM of the Company to be held on August 8, 2017.
The dividend, if approved by the shareholders at the AGM, will be paid on and from August 10, 2017.
TATA STEEL LIMITED
Registered Office Bombay House 24 Homi Mody Street Mumbai 400 001 India Tel 91 22 6665 8282 Fax 91 22 6665 7724 website www.tatasteel.com
Corporate Identity Number L271OOMH1907PLC000260
fr. TATABook Closure
Approved closure of the Register of Members and Share Transfer Books of the Company from Saturday, July 22, 2017 to Tuesday, August 8, 2017 (both days inclusive) for the purpose of AGM and payment of Dividend.
Statutory auditors of the Company
In terms of Section 139 of the Companies Act, 2013, the term of Deloitte Haskins & Sells LLP, Chartered Accountants, the current Statutory Auditors of the Company, will end at
h
conclusion of the 1101
AGM of the Company.
The Board recommended that Price Waterhouse & Co Chartered Accountants LLP, Chartered Accountants (Firm Registration No. 304026E/E300009), be appointed as the Statutory Auditors of the Company, for a term of 5 years commencing from the conclusion of the 11oth Annual General Meeting scheduled to be held on August 8, 2017 till the
h
conclusion of the 1141
Annual General Meeting to be held in the year 2022, subject to
approval of the shareholders of the Company.
The Board meeting commenced at 11:00 a.m. (IST) and concluded at 5:45 p.m. (IST).
A copy of the said results together with the Auditors' Report and Press Release is enclosed herewith. These are also being made available on the website of the Company at www.tatasteel.com .
This is for your information and record. Yours faithfully,
Tata Steel Limited
PM-.c,,11.t
Parvatheesam K Company Secretary
Encl: As above
TATA STEEL LIMITED
P•rticulan
GTATA
Standalone Fin•aclal Results ror the qu•rttr/ twelve month• ended on 3111 March 2017
Quarter ended oo Quarter ended oo Quarter ended on
' Or!_)
Financial year Financial year
ended on ended on
Audited I
Audited
Audited
Audited Audited
31.03.2017 31.12.2016 31.03.2016
31.03.2017 31.03.20!6
Rewnue from operations
a) Gross sales I income from operations
16,692.67
13,971.79
11,583.32
52,564.93
42,290.65
b) Other operating income
420 46
134 25
152 63
696 03 J
406 19
Total revenue from operations [ l(a) + l(b) )
17,113.13
14,106.04
11,735.95
53,260.96
42.697 44
2
Other income
46.51
97 80
134.89
414.46
391.16
Total income [ I+ 2 J
17,159.64
14,203.84
11,870 84
53,675.42
43,088.60
4
Expenses
Raw materials consumed
Purchases of finished, semi-finished steel & other products
Chaoges in inventories offtnished goods, work-in-progr= and stock-in-trade
Employee benefits expense
Finance costs
f) Depreciation and amortisation expense
Excise duly
Other expenses
Profit I (Loss) before exceptional Items &In[ 3 - 4 ]
Exceptional items
Profit I (Loss) on sale of non current investments
4,247 45
206.44
96.15
1,061 12
652.92 I
1,057.49 1
1,474 21
5,666.80
14,462.58
2,697.06
r
3,297.56
197.13
(488.22)1
1,202 78
769 72
869.44
1,474.19
5,043 74
12,366.34
1,837.50
2,158.78
224 24 1
665.14
1,042 37
471.66
753 62
1,124 77
4,314.00
10,754.58
1,116.26
12,496.781 9,700.01
881.18 991 54
(1,329.65) 70 75
4,605.13 4,319.89
2,688 SS 1,84805
3,541.55 2,962.28
5,267.94 4,428.77
19,463.63 1 5,514.69
47,615.11 39,895.98
6,060.31 3,192.62
(0.85)
Provision for diminution in value of investments/ doubtful advances
c) Provision for impairment of non-cullfflt 8S.1CU
(19.65)
(13.00)
(49.60)
(170 87)1
(160.62)
(51 51)
Provision for demands and claims
Employee separation compensation
Income tax on items that will be reclassified lo profit or loss
(21825)
(68.58)
(135.58)
(442 06)
7.67 1 (I 87)
0 65
(41 56) 1
S 15
0.36 J
(0.13) 1
(239 20)
(288.80)
(8.36)1
(0.55)1
0.20
(218.25) : (880.05)
(178.68) (556.25)
(135.58) ,
(703.38) 1 (1,649.28)
75.37 (239.78)
(1.22) I 80
0 42 (0.62)
Total other comprehensive income
23.60
(558 18)
(101.79)
675.79
(3,407.13)
11
Total Compreben1ive Income for the period [ 9 + 10 ]
1,438.56
646.42
418.65
4,120.34
(2,451.48)
12
Paid-up equity share capital [Face value t 10 per share]
971.41
971.41
971 41
971.41
971.41
13
Paid-up debt capital
10,175.70
9,439.80
14
Reserves excluding revaluation reserves
48,687.59
45,665 97
I S Hybrid Perpetual Securities
Debenture Redemption Reserve
Earnings per equity share
Basic earnings per share (not annuali,ed) - in Rupees
(tdlcr cxccption.111 items)
14.12 l
11.95
t
4 91
I
2,275 00 2,275 00
2,046.00 2,046.00 I
33.67 8.05
Dllulcd earning ror shruc (nm Mnuolised) - 111 Rupees
(after exceptional items)
Net Debi Equity Rollo
Debt Service Coverage Ratio
2{) ln1or IService Co"•m.s• Ratio
l'a1dup Dehl Caplin!represents Odwnlurcs
Net Debt to Equity:Net Debt I Average Net Worth
(Net Debt: Secured Loans+ Unsecured Loans - Cash & Bank • Current Investments) (Net Worth : Equity Share Capital + Reservos & Surplus + Hybrid Perpetual Securities)
14 12
11.95 1
L
33.67 8 05
0.44 050
2 72 0.19
4 21 1 3.62
Debi Service Coverage Ratio: EDIT I (Net Pinaoce Charges+ Scheduled Principal repayments (excluding prepayments) during the period)
(EDIT : Profit before Taxes +/(-) Exceptional Items + Net Finance Charges)
Interest Service Coverage Ratio: EDIT I Net Finance Charges
Cash and cash equivalents
Sub-total - Non current :U..!H!t!
867 75
91,367.98
905 21
837 661
90,161.21
974 68
723 57
93,044.76
495.16 1
Other balances with banks
65 10
+
61 45
56 66
(v) Other financial assets
t (c) Other current assets
Sub-total - Current nuets
348 46
1,225 48
20,097.43
111,465.41
232.70
1,088 87
..1.4.,,95..3...25.r-
930 15
1,025 09
12,588.58
105,633.34
TOTAL - ASSETS
B EQUITY AND LIABILIDES
(1) Equity
(a)
Equity Share Capital
971.41
971 41
971 41
(b)
Hybrid Perpetual Securities
2,275 00
2,275.00
2,275 00
(c)
Other equity
48,687 60
45,665 97
49,217 90 l
51,934.01
48,912.38
52,464.31
(2) Non-current liabilities
,-- (a)
Financial liabilities
(i) Long term borrowings
24,694 37
23,926 76
24,316 10 1
(ii) Other financial liabilities
197 55
512.52
1,013 86
(b)
Long term provisions
2,024.74
1,862 05
1,320 99
(c)
Retirement benefit obligations
1,484 21
1,252 45
1,623 23
(d)
Other non-current liabilities
1,962 93 1
2,305 27
2,150 25
(e)
Deferred tax liabilities
6,1 1 J 27
5,610 70
6,231 55
1-
Sub-total - Non current liabilities I
36,475.07
35,469.75
36,655.98
Current liabilities
Financial liabilities
Total expenses [ 4(a) lo 4(h)]
Profit I (Losa) before Tu [ 5 + 6] | 2,255.00 | 1,795.94 | 827.46 | 5,JS6.93 | 1,543.34 | |
Tax Expense | ||||||
a) Current tax | 493 75 | 45132 | 256.06 | 1,400 54 | 1,193 28 | |
b) Deferred tax 346.291 | 134.02 | 50.96 | 511.84 | (605.59) | ||
Total tax expense [ 8(a) + 8(b) J | 840.04 | 591.34 | 307 02 | 1,912 38 | 587 69 | |
9 | Net Profit I (Loss) for the Period I7 • 8 J | 1,414.96 | 1,204.60 | 520.44 | 3,444.55 | 955.65 |
IO | Other compmiensive income | |||||
A (i) Items that will not be reclassified to profit or losa | 17 15 | (564 16) | (93 08) 1 | 601 22 | (3, 168.53) |
f) Restructuring and other provisions Total exceptional items [ 6(a) lo 6(1) I
(ii) Income tax relating lo items that will not be reclassified to profit or loss B (i) Items that will be reclassified lo profit or loss
TATA STEEL LIMITED
Registered Office Bombay House 24 Homi Mody Street Mumbai 400 001 India Tel 91 22 6665 8282 Fax 91 22 6665 7724 website www.tatasteel.com
Corporate Identity Number L271OOMHl 907PLC000260
G
TATA
Standalone Statement of Assets & Liabilities
,Crora
A ASSETS
As al 31.03.2017
Audited
As at 31.03.2016
Audited
As at 01.04.2015
(a) | PlanProperty and Equipment | 71,778 97 | 49,561.05 | 50,882 48 |
(b) | Capital work-in-progress | 6,125 35 | 28,1 74 01 | 24,153 78 |
(c) | Intangible assets | 788 18 I | 527 34 | 177 14 |
(d) | Intangible assets under development | 38 61 | 31.87 I | 1 6 46 |
(e) | Investments in subsidiaries. associates and joint ventures | 3,397 57 | 3,340 97 1 | 3,148 89 |
(I) | Financial assets | |||
(i) Non-current investments | 4,958.33 I | 4,119.45 | 10,853 13 | |
(ii) Other financial assets | 291 58 1 | 243 68 | 243 44 | |
(g) | Other non-current assets | 3.121 64 - | 3,325 18 | 2.845 87 |
+ Audited
t Non-current assets
(a) (b) | Inventories Financial assets | 10,236.85 | 7,137 38 | 8,023 35 |
(i) Current investments | 5,309 81 | 4,325 00 | 1,001 15 | |
I | (ii) Trade receivab1es | 2,006 52 | 1,133 17 | 1 ,057 02 |
r=-
(h) Non current tax asset
Current assets
+
(i)
Short term borrowings
3,239 67
5,888 00
819 74
(ii)
Trade payables
10,717 44
6,196 88 1
4,935 96
(iii)
Other financial liabilities
4,33252
4,711.58
7,868 07
(b)
Short term provisions
700 60 t
280 64
182 99
(c)
Retirement benefit obligations
5658
56.67
51 53
(d)
Other current liabilities
3,543 80
2,865 98
2,149 01
(e) Current tax liabilities 465 72 732 58 505 75
I I
Sub-total - Total Equity I
[TOT L - EQUITY AND LIABILITIES
Sub-total - Current liabilities
23,056.33
111,465.41 I
20,732.33 1
105,114.46
16,513.05
105,633.34
TATA STEEL LIMITED
Registered Office Bombay House 24 Homi Mody Street Mumbai 400 001 India Tel 91 22 6665 8282 Fax 91 22 6665 7724 website www.tatasteel.com
Corporate Identity Number L271OOMH1907PLC000260
Tata Steel Ltd. published this content on 22 May 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 May 2017 05:57:06 UTC.
Original documenthttp://www.tatasteel.com/investors/pdf/Results31317-220517.pdf
Public permalinkhttp://www.publicnow.com/view/9585A8BFAFAA3B6A9632499055202C6E9BEF6084