India: Tata steel achieves highest ever standalone EBITDA in Q4 FY ’21

Tata steel achieved the highest ever standalone EBITDA of INR 9,206 Cr in Q4 FY ’21 compared to INR 3,661 Cr in the same period last fiscal. SteelMint learned from the recent press release in the BSE filing.

Major highlights-

• Company’s EBITDA per ton translates to INR 27,828 crores in Q4, up by 121% annually and 38% quarterly.
• The surge was driven by better than expected steel realization in major markets.
• Apparent steel consumption jumped by 19.5% y-o-y in Q4 on increased rural penetration