MEMBER'S LOGINX
| Invalid Username / Password | ||||||||
| Invalid Captcha | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
India's Third Giant Leap
This Could be One of the Biggest Opportunities for Investors
- Home
- Outlook Arena
- Nov 13, 2015 - Tata Steel: Its Europe again
Tata Steel: Its Europe again
Performance summary:
- Income from operations declined by 18.1% YoY during 2QFY16 and other operating income also declined by 12.3% leading to decline in total income by 18.1% YoY during 2QFY16.
- Operating Margin has also declined by 4% to 6.2% from 10.2% during 2QFY15.
- Other income surged during this quarter by whopping 814% which includes gain of Rs 28.08 billion on sale of quoted investments.
- Due to increase in other income and lesser tax outgo, net profit increased by 21.9% YoY despite an increase in exceptional item which has increased by 149.2% YoY during 2QFY16 due to provision for impairment of non-current assets, provision for demands and claims, employee separation compensation and restructuring and other provisions.
- Net profit for the first half grew by 44% YoY due to surge in other income and lower tax outgo.
Standalone financial performance
| (Rs mn) | 2QFY15 | 2QFY16 | Change | 1H FY15 | 1H FY16 | Change |
|---|---|---|---|---|---|---|
| Total Income | 357,771 | 293,047 | -18% | 722,043 | 596,050 | -17.4% |
| Total Expenses | 321,343 | 274,742 | -14.5% | 642,889 | 550,003 | -14.4% |
| Operating profit (EBITDA) | 36,428 | 18,305 | -49.8% | 79,154 | 46,047 | |
| Operating profit margin (%) | 10.18% | 6.25% | 10.96% | 7.73% | -29.5% | |
| Other income | 3215 | 29382 | 813.8% | 5377 | 37004 | 588.2% |
| Interest | 12328 | 10487 | -14.9% | 24852 | 21468 | -13.6% |
| Depreciation | 14295 | 13708 | -4.1% | 29798 | 27173 | -8.8% |
| Profit before tax & exceptional items | 13021 | 23491 | 80.4% | 13021 | 34410 | 164.3% |
| Exceptional Item | 11450 | -5637 | -149.2% | 8,825 | -4,053 | -145.9% |
| Tax | 11748 | 2402 | -79.6% | 22,552 | 7,555 | -66.5% |
| Minority Interest | -33 | -8 | -74.9% | -177 | 59 | -133.5% |
| Share of profit / (loss) of associates | -146 | -157 | 7.3% | -61 | 56 | -191.7% |
| Net Profit | 12543 | 15287 | 21.9% | -944 | 22917 | -2527.6% |
| Net profit margin (%) | 3.5% | 5.2% | -0.1% | 3.8% | ||
| No. of shares (m) | 970.24 | |||||
| Basic diluted earnings per share (Rs) ^ | -33.24 | |||||
| P/E ratio (x) * | N.A. |
(^annualised, * on trailing twelve month earnings)
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
PREMIUM PRODUCTS
QUICK LINKS
POPULAR TOPICS
- Multibagger Penny Stocks
- Basics of Value Investing
- Benjamin Graham
- How to Invest in Gold
- How to Invest in Silver
- Best Stocks to Buy Today
- Best Small-cap Stocks to Buy
- Best Bluechip Stocks to Buy
- Guide to Penny Stocks
- How to Invest in the Share Market
- Warren Buffett - The Value Investor
- Pick the Best Multibagger Stocks
TRENDING TOPICS
Copyright © Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited).
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst)
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Email: info@equitymaster.com. Website: www.equitymaster.com.
CIN:U74999MH2007PTC175407
Name of the Compliance & Grievance Officer: Ms Sonal Ramachandran
Telephone: +91-22-61434003 | Email: compliance@equitymaster.com
LEGAL DISCLAIMER:
Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Registration granted by SEBI and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
Equitymaster Research Private Limited (formerly Equitymaster Agora Research Private Limited) (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.