{"id":128299,"date":"2022-03-17T12:03:56","date_gmt":"2022-03-17T16:03:56","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128299"},"modified":"2022-10-05T06:20:01","modified_gmt":"2022-10-05T10:20:01","slug":"tata-steel-q3-fy-22-research-tear-sheet","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-steel-q3-fy-22-research-tear-sheet\/","title":{"rendered":"Tata Steel Q3 FY 22 Research Tear Sheet"},"content":{"rendered":"\n<p>Tata Steel Limited is an Indian multinational company. The company has its headquarters in Mumbai Maharashtra. Tata Steel is a subsidiary of Tata Group. It is based in &nbsp;Jamshedpur, Jharkhand. The founder of this company is Jamsetji Tata. The company has its operation worldwide. It mainly deals with the following products like Steel, Long Structural steel, Wire&nbsp;products, Steel casing pipes and Household goods. The shares are traded both on BSE and NSE.<\/p>\n\n\n\n<p><strong><u>Key Financial highlights<\/u><\/strong><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table><tbody><tr><td>Figures are in Rs. Crores<\/td><td>3Q FY22<\/td><td>3Q FY21<\/td><\/tr><tr><td>Turnover<\/td><td>33,641<\/td><td>24,554<\/td><\/tr><tr><td>Adjusted EBITDA<\/td><td>12,434<\/td><td>8,777<\/td><\/tr><tr><td>Reported Profit after Tax<\/td><td>7,787<\/td><td>4,590<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Revenue is Rs 60,783 crores and remains stable on QoQ basis.<\/p>\n\n\n\n<p>EBITDA is Rs.15,853 crores &nbsp;and Profit after tax stood at Rs 9,598 crores.<\/p>\n\n\n\n<p>Consolidated Free Cash Flow for 3Q FY22 is &nbsp;Rs.6,338 crores.<\/p>\n\n\n\n<p>Tata Steel generated free cash flow of Rs 13,214 crores.<\/p>\n\n\n\n<p>Gross debt decreased to Rs.72,603 crores with repayments of Rs.17,376 crores in 9MFY22.<\/p>\n\n\n\n<p>Net debt declined to Rs.62,869 crores.<\/p>\n\n\n\n<p><strong><u>Business outlook for 4QFY22<\/u><\/strong><\/p>\n\n\n\n<p>Expects that the Global steel demand &nbsp;will grow in 4QFY22.<\/p>\n\n\n\n<p>Expected that Asian steel prices to improve, driven by demand across segments.<\/p>\n\n\n\n<p>Expects European steel prices are expected to remain steady and be supported by higher input prices.<\/p>\n\n\n\n<p>Anticipates Indian steel prices to remain resilient on the back of sustained improvement in demand and cost push.<\/p>\n\n\n\n<p><strong><u>India :<\/u><\/strong><\/p>\n\n\n\n<p>In India steel consumption grew by 13% QoQ driven by ongoing economic recovery. Crude steel production grew by 2% QoQ and 4% YoY. Domestic deliveries increased by 2% Q-O-Q. In India sales volume in Branded Products &amp; Retail (BPR) and Industrial Products &amp; Projects (IPP) improved QoQ.<\/p>\n\n\n\n<p>Quarterly adjusted EBITDA is Rs.12,434 crores and Profit after tax is Rs.7,787 crores.<\/p>\n\n\n\n<p><strong><u>Europe:<\/u><\/strong><\/p>\n\n\n\n<p>Business in Europe is back after COVID improvement. The steel prices are on the rise. The Revenues improved by 7% QoQ and 56%YoY to \u00a32,246 million in 3QFY22. EBITDA is \u00a3290 million and EBITDA per ton of \u00a3134.<\/p>\n\n\n\n<p><strong><u>Conference Call Highlights<\/u><\/strong><\/p>\n\n\n\n<p><strong><u>Management Updates<\/u><\/strong><\/p>\n\n\n\n<p>Reduced US$2 bn+ gross debt by prioritizing off-shore debt repayment.<\/p>\n\n\n\n<p>A Company focused on capital allocation, cashflow and working capital management.<\/p>\n\n\n\n<p>The Company has incurred capital expenditure of Rs.10,000-12,000 crores.<\/p>\n\n\n\n<p><strong><u>Business Updates<\/u><\/strong><\/p>\n\n\n\n<p>Tata Steel has completed the merger between Tata Steel BSL.<\/p>\n\n\n\n<p>Tata Steel is in the process of conducting trials to inject Coal Bed Methane gas into a blast furnace to reduce coke consumption during steelmaking.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Steel Limited is an Indian multinational company. The company has its headquarters in Mumbai Maharashtra. Tata Steel is a subsidiary of Tata Group. It is based in &nbsp;Jamshedpur, Jharkhand. The founder of this company is Jamsetji Tata. The company has its operation worldwide. It mainly deals with the following products like Steel, Long Structural [&hellip;]<\/p>\n","protected":false},"author":1796,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6352,9908],"tags":[9885,9148],"class_list":["post-128299","post","type-post","status-publish","format-standard","hentry","category-research-summary","category-research-tear-sheet","tag-iron-and-steel","tag-steel"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":179857,"url":"https:\/\/alphastreet.com\/india\/tata-steel-reports-results-for-the-quarter-and-nine-months-ended-december-31-2025\/","url_meta":{"origin":128299,"position":0},"title":"Tata Steel reports Results For the Quarter and Nine Months Ended December 31, 2025","author":"Staff Correspondent","date":"February 6, 2026","format":false,"excerpt":"About Tata Steel Ltd Tata Steel Ltd (NSE: TATASTEEL) is one of India\u2019s largest and oldest steel producers and a flagship company of the Tata Group. Founded in 1907, the company is headquartered in Mumbai and has major manufacturing operations in India, Europe, and Southeast Asia. Tata Steel is a\u2026","rel":"","context":"In &quot;Analysis&quot;","block_context":{"text":"Analysis","link":"https:\/\/alphastreet.com\/india\/category\/stock-analysis\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":123732,"url":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-tatasteel-q4-fy21-earnings-concall\/","url_meta":{"origin":128299,"position":1},"title":"Tata Steel Ltd (TATASTEEL) Q4 FY21 Earnings Concall","author":"Sahil_Anand","date":"May 6, 2021","format":false,"excerpt":"Tata Steel Ltd (NSE:TATASTEEL) Q4 FY21 earnings concall dated May 06, 2021","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":154921,"url":"https:\/\/alphastreet.com\/india\/tata-steel-long-products-ltd-q2fy24-58-rise-in-revenue\/","url_meta":{"origin":128299,"position":2},"title":"Tata Steel Long Products Ltd Q2FY24; 58% rise in Revenue","author":"Chirag Gupta","date":"October 16, 2023","format":false,"excerpt":"Tata Steel Long Products Ltd, formerly known as Tata Sponge Iron Limited, is engaged in manufacturing high alloy steel, primarily for the auto sector and wire rope industry, and sponge iron for use by the secondary steel sector. 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While the consolidated Net Profit of \u20b91,566 Crore, down 84% from \u20b99,835 Crore in the same quarter of the previous year. 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