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TATA

Ref: 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:

  1. Financial Results

  2. Approved the Audited Standalone and Unaudited Consolidated Financial Results of the Company, for the quarter ended March 31, 2017.

  3. Approved the Audited Standalone and Consolidated Financial Results of the Company, for the financial year ended March 31, 2017

  4. 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. TATA
    1. Book 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.

    2. 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

      G

      TATA

      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

    3. Raw materials consumed

    4. Purchases of finished, semi-finished steel & other products

    5. Chaoges in inventories offtnished goods, work-in-progr= and stock-in-trade

    6. Employee benefits expense

    7. Finance costs

    8. f) Depreciation and amortisation expense

      1. Excise duly

      2. Other expenses

      3. Total expenses [ 4(a) lo 4(h)]

        1. Profit I (Loss) before exceptional Items &In[ 3 - 4 ]

        2. Exceptional items

        3. 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)

        4. Provision for diminution in value of investments/ doubtful advances

        5. c) Provision for impairment of non-cullfflt 8S.1CU

          (19.65)

          (13.00)

          (49.60)

          (170 87)1

          (160.62)

          (51 51)

          1. Provision for demands and claims

          2. Employee separation compensation

          3. 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

            1. 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

            2. Debenture Redemption Reserve

            3. 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)

            4. Net Debi Equity Rollo

            5. Debt Service Coverage Ratio

            6. 2{) ln1or IService Co"•m.s• Ratio

              1. l'a1dup Dehl Caplin!represents Odwnlurcs

              2. 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

              3. 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)

              4. Interest Service Coverage Ratio: EDIT I Net Finance Charges

              5. 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

              6. 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

              7. Other balances with banks

              8. 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

                1. Current liabilities

                2. Financial liabilities

                3. +

                  (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