States » EastPosted at: Aug 1 2024 10:38AM


Tata Steel reports consolidated EBITDA of Rs 6,822 cr for quarter ended June

Kolkata, Aug 1 (UNI) Tata Steel Consolidated revenues for the quarter ended June 30, 2024 were Rs 54,771 crores and EBITDA was Rs 6,822 crores, according to Koushik Chatterjee, Executive Director and Chief Financial Officer.
Consolidated EBITDA margin was around 12.5 per cent with an improvement of more than 100 bps on QoQ basis, he said.
India revenues were around Rs 33,194 crores and EBITDA was Rs 7,029 crores, which translates to an EBITDA per ton of Rs 14,227 and an EBITDA margin of 21%. Netherlands revenues were broadly stable despite subdued demand dynamics but cost profile continued to improve with stabilisation of operations leading to EBITDA improving from -ve £27 million in 4Q to +ve £43 million in 1Q.
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