TATASTLLP
The company reported a loss in EBITDA for the quarter, primarily due to lower volumes and realisations in steel and DRI businesses. Raw material costs decreased on lower coking coal consumption, while employee benefits expenses increased post-consolidation of NINL. The overall performance was impacted by challenging market conditions.
Scale of reported figures
Key financials
| Total revenue from operations | ₹1,869 crore | QoQ |
| Raw material cost | ₹1,358 crore | QoQ |
| Employee benefits expenses | ₹106 crore | QoQ |
| Other expenses | ₹562 crore | QoQ |
| EBITDA | (229) crore | QoQ |
| Reported PAT | (662) crore | QoQ |
Segment commentary
Steel and DRI business
Lower volumes and decline in realisations led to decreased revenues.
Raw material cost
Decreased due to lower coking coal consumption and lower volumes.
Employee benefits expenses
Increased primarily due to consolidation of NINL.
Other expenses
Increased due to consolidation of NINL, excluding this was broadly stable.
Key takeaways
- The company reported a loss in EBITDA, primarily due to lower revenues and increased employee benefits expenses post-consolidation.
- Raw material costs decreased on lower coking coal consumption and volumes.
- Other expenses increased due to consolidation of NINL.
Risks flagged
- Lower volumes and realisations in steel and DRI businesses
- Consolidation of NINL impacting expenses
Educational analysis only. Not investment advice. Consult a
SEBI-registered advisor before investing. Source: https://nsearchives.nseindia.com/corporate/TATASTLLP_01112022110857_TSLPPresentationQ2FY23signedf.pdf
Full transcript (416 words)
TSLPL/SE/2022-23/62
October 31, 2022
The Secretary, Listing Department The Manager, Listing Department
BSE Limited National Stock Exchange of India Ltd
Phiroze Jeejeebhoy Towers “Exchange Plaza”, 5th Floor, Plot No. C/1,
Dalal Street G Block, Bandra-Kurla Complex,
Mumbai 400 001 Bandra (East), Mumbai 400 051
Scrip Code: 513010 Symbol: TATASTLLP
Dear Madam, Sir,
Sub: Results Presentation
Please find enclosed the
.
results presentation for the quarter ended September
3T0h,i s2 0d2i2sclosure is being made in compliance with Regulation 30 of the
SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This is for your kind information and records.
Thanking you,
Yours faithfully,
For Tata Steel Long Products Limited
Sankar Bhattacharya
Company Secretary and Compliance Officer
Encl. As above
PO Joda Dist Keonjhar Odisha 758 034 India
Tel 91 6767 278178 Fax 278129 Email
info@tatasteellp.com CIN L27102OR1982PLC001091
245
91YF
684
02YF
474
12YF
005
22YF
894
32YFH1
Tata Steel Long Products
Key operating parameters
Coke rate (kg/thm)
99
91YF
111
02YF
821
12YF
611
22YF
611
32YFH1
PCI rate (kg/thm)
0.18
91YF
9.18
02YF
6.28
12YF
9.28
22YF
8.28
32YFH1
Crude Steel Yield (%)
556
91YF
556
02YF
106
12YF
176
22YF
146
32YFH1
Power consumption (KVAH/tcs)
6.1
91YF
3.1
02YF
5.1
12YF
4.2
22YF
5.2
32YFH1
Electrode consumption (kg/tcs)
5.52
91YF
5.52
02YF
0.71
12YF
1.22
22YF
8.22
32YFH1
Goodness Indicator
Oil consumption at Mill (ltr/ton1)
Note : 1. ton of finished steel
Tata Steel Long Products (Consolidated with NINL)
Key drivers for QoQ change:
(All figures are in Rs. Crores
2QFY231 1QFY23 2QFY22
unless stated otherwise)
▪ Revenues: decreased on lower volumes and decline in
realisations in Steel and DRI business
Total revenue from operations 1,869 1,994 1,637
Raw material cost2 1,358 1,665 1,032 ▪ Raw Material cost: decreased on lower volumes and
decline in coking coal consumption cost
Change in inventories 98 (147) (47)
Employee benefits expenses 106 61 52 ▪ Employee benefit expenses: Increased primarily due
to consolidation of Neelachal Ispat Nigam Ltd. (NINL),
Other expenses 562 484 360
excluding this was broadly stable
EBITDA (229) (34) 302
▪ Other Expenses: Increased due to consolidation of
EBITDA per ton (Rs.)3 (14,594) (1,956) 18,010
NINL, else declined on lower royalty, fuel and freight
EBITDA Margin (%) - - 18.5% related expenses
Reported PAT (662) (331) 135
▪ EBITDA: was loss of Rs 52 crores excluding movement
due to consolidation of NINL
1.Figures for 2QFY23 are consolidated for NINL, post acquistion
2.Raw material cost includes raw material consumed, and purchases of finished and semi-finished products
3.EBITDA/Steel deliveries