Tata Steel Limited (LUX: TTSTE)

Tata Steel Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Revenue	2,210,117	2,291,708	2,433,527	2,439,592	1,564,774	1,489,717
Revenue Growth (YoY)	-5.33%	-5.83%	-0.25%	55.91%	5.04%	-5.52%
Cost of Revenue	1,068,107	1,123,390	1,232,217	902,775	623,744	683,864
Gross Profit	1,142,011	1,168,318	1,201,310	1,536,817	941,030	805,853
Selling, General & Admin	287,062	282,092	253,428	259,364	221,573	215,047
Other Operating Expenses	601,608	663,225	641,383	629,226	432,177	419,802
Operating Expenses	991,363	1,044,139	988,163	979,598	746,087	721,926
Operating Income	150,647	124,179	213,148	557,219	194,943	83,927
Interest Expense	-73,945	-75,076	-62,987	-54,622	-76,067	-75,807
Interest & Investment Income	5,223	5,223	3,853	2,791	3,225	14,412
Earnings From Equity Investments	1,510	-579.8	4,181	6,492	3,273	1,880
Currency Exchange Gain (Loss)	420.3	420.3	16,578	-13,316	18,952	7,221
Other Non Operating Income (Expenses)	-4,700	834.5	4,004	2,088	1,979	2,423
EBT Excluding Unusual Items	79,156	55,001	178,777	500,652	146,304	34,056
Merger & Restructuring Charges	-7,302	-43,926	-936.4	-5,871	-3,561	-2,728
Impairment of Goodwill	-	-	-	-	-1,172	-1,068
Gain (Loss) on Sale of Investments	2,627	2,850	4,769	1,517	2,477	-1,481
Gain (Loss) on Sale of Assets	10,628	10,126	-435.7	8,510	1,638	1,986
Asset Writedown	-3,157	-35,522	177.5	-2,540	-7,251	-42,606
Other Unusual Items	-1,731	-	-	-	-	-1,964
Pretax Income	80,221	-11,470	182,351	502,269	138,437	-13,804
Income Tax Expense	54,946	37,626	101,598	84,776	56,539	-25,529
Earnings From Continuing Operations	25,275	-49,096	80,754	417,493	81,898	11,725
Net Income to Company	25,275	-49,096	80,754	417,493	81,898	11,725
Minority Interest in Earnings	2,037	4,722	6,851	-15,954	-6,996	3,841
Net Income	27,312	-44,374	87,604	401,539	74,902	15,565
Preferred Dividends & Other Adjustments	-	-	-	10.9	1,814	1,992
Net Income to Common	27,312	-44,374	87,604	401,528	73,089	13,574
Net Income Growth	-	-	-78.18%	436.08%	381.21%	-84.77%
Shares Outstanding (Basic)	12,451	12,268	12,210	12,081	11,459	11,447
Shares Outstanding (Diluted)	12,454	12,271	12,214	12,091	11,460	11,448
Shares Change (YoY)	1.89%	0.47%	1.02%	5.50%	0.10%	-0.00%
EPS (Basic)	2.19	-3.62	7.17	33.24	6.38	1.19
EPS (Diluted)	2.19	-3.62	7.17	33.21	6.38	1.19
EPS Growth	-	-	-78.41%	420.70%	437.90%	-86.49%
Free Cash Flow	-	20,941	75,406	338,588	373,481	97,707
Free Cash Flow Per Share	-	1.71	6.17	28.00	32.59	8.53
Dividend Per Share	-	3.600	3.600	5.100	2.500	1.000
Dividend Growth	-	0%	-29.41%	104.00%	150.00%	-23.08%
Gross Margin	51.67%	50.98%	49.36%	62.99%	60.14%	54.09%
Operating Margin	6.82%	5.42%	8.76%	22.84%	12.46%	5.63%
Profit Margin	1.24%	-1.94%	3.60%	16.46%	4.67%	0.91%
Free Cash Flow Margin	-	0.91%	3.10%	13.88%	23.87%	6.56%
EBITDA	243,921	213,199	296,495	637,202	275,129	160,735
EBITDA Margin	11.04%	9.30%	12.18%	26.12%	17.58%	10.79%
D&A For EBITDA	93,274	89,020	83,347	79,982	80,185	76,808
EBIT	150,647	124,179	213,148	557,219	194,943	83,927
EBIT Margin	6.82%	5.42%	8.76%	22.84%	12.46%	5.63%
Effective Tax Rate	68.49%	-	55.72%	16.88%	40.84%	-
Revenue as Reported	2,222,672	2,309,796	2,443,902	2,447,441	1,573,730	1,507,937

Source: S&P Capital IQ. Standard template. Financial Sources.