OREANDA-NEWS. May 24, 2012. Group performance highlights:

• The Tata Steel group’s profit after tax (after minority interest and share of profit of associates) during FY'12 was Rs5,390 crore (USD 1.06 billion) compared to a profit of Rs8,983 crore (USD 1.77 billion) in FY'11. The group’s profit after tax for Q4 FY'12 was Rs433 crore (USD 85 million) compared to a loss of Rs603 crore (USD 118 million) in Q3 FY’12 and a profit of Rs4,176 crore (USD 821 million) in Q4 FY'11.

• Group EBITDA in FY'12 was Rs13,533 crore (USD 2.66 billion) compared to Rs17,116 crore (USD 3.36 billion) in FY'11. Group EBITDA in Q4 FY'12 was Rs3,419 crore (USD 672 million) compared to Rs2,023 crores (USD 398 million) in Q3 FY’12 and Rs4,782 crore (USD 940 million) in Q4 FY'11.

• Group consolidated turnover of Rs1,32,900 crore (USD 26.13 billion) in FY'12 was 11.9 percent higher than the turnover of Rs1,18,753 crore (USD 23.34 billion) in FY'11. The consolidated turnover of Rs33,999 crore (USD 6.68 billion) in Q4 FY'12 was up by 2.7 percent from Rs33,103 crore (USD 6.51 billion) in Q3 FY’12 and by 0.5 percent from Rs33,824 crore (USD 6.65 billion) in Q4 FY'11.

• The group’s steel deliveries in FY'12 fell marginally by 1.1 percent to 24.22 million tonnes compared to 24.50 million tonnes in FY'11. Q4 FY'12 steel deliveries fell by 6.5 percent to 6.22 million tonnes compared to 6.65 million tonnes in Q4 FY'11, but rose by 6.5 percent from 5.84 million tonnes in Q3 FY’12.

• Net debt at the end of March 2012 increased slightly to Rs47,697 crore (USD 9.38 billion) compared to Rs46,660 crore (USD 9.17 billion) at the end of March 2011.

• Turnover at Tata Steel India in FY12 increased by 15.4 percent to Rs33,933 crore (USD 6.67 billion) from Rs29,396 crore (USD 5.78 billion) in FY'11. Q4 FY’12 sales of Rs9,479 crore (USD 1.86 billion) were up 13.7 percent from the Rs8,341 crore (USD 1.64 billion) of Q4 FY'11 and up 13.1 percent from the Rs8,382 crore (USD 1.65 billion) of Q3 FY'12.

EBITDA in FY'12 at Rs11,559 crore (USD 2.27 billion) was down by 0.6 percent from Rs11,625 crore (USD 2.29 billion) in FY'11. Q4 FY’12 EBITDA of Rs2,975 crore (USD 585 million) was down 3.3 percent from the Rs3,076 crore (USD 605 million) of Q4 FY'11, but 13.7 percent higher than the Rs2,618 crore (USD 515 million) of Q3 FY'12.

• Turnover in Tata Steel Europe in FY'12 increased to Rs82,153 crore (USD 16.15 billion) from Rs73,844 crore (USD 14.52 billion) in FY'11. Q4 FY’12 sales were Rs19,923 crore (USD 3.92 billion) compared to Rs21,488 crore (USD 4.22 billion) in Q4 FY'11 and Rs20,535 crore (USD 4.04 billion) in Q3 FY'12. FY’12 sales increased by 3.7 percent over FY’11 as per Tata Steel Europe’s reporting currency.

EBITDA in FY'12 was Rs1,777 crore (USD 349 million) compared to Rs4,691 crore (USD 922 million) in FY'11. Q4 FY’12 EBITDA of Rs146 crore (USD 29 million) was down from the Rs1,557 crore (USD 306 million) of Q4 FY'11, but recovered from the loss of Rs781 crore (USD 153 million) of Q3 FY'12.

• The board of directors of the company has recommended a dividend of Rs12 per equity share for the financial year ended March 2012.