Tata Steel India reported increase of 9% Y-o-Y in its sales volume during FY16. However, the overall sales volume of Tata Steel Group, including India, South East Asia and Europe fell by 2% Y-o-Y in the duration.
The company had yesterday declared its Q4 FY16 results and showed positive operational performance in India.
Indian performance highlights
1. The company’s sales volume increased by 13% to 2.72 MnT in Q4 FY16 against Q4 FY15 and 16% compared to Q3 FY16, with auto and branded products contribute 51% of total sales.
2.During FY16, Tata’s sales increased by 9% to 9.54 MnT against FY15.
3. Its largest brand Tata Tiscon posted its highest ever sales of 2.5 MnT in FY16; a growth of 13% against FY15.
4. Retail customers touched 30 lakh households across India in FY16.
Tata Steel Group performance highlights
1. Tata Steel Group sales volume increased by 9% Y-o-Y to 6.94 MnT in Q4 FY16 on account of better sales volumes by the company’s Indian operational performance, but down by 2% on Q-o-Q basis.
2. During FY16, its sales volumes decreased slightly by 2% to 25.92 MnT.
Commercial production started at Kalinganagar steel plant
Tata Steel has started its commercial production in Kalinganagar, Odisha with the production capacity of 3 MnT pa as announced by the company’s press release.
The trial of Hot Strip Mill had commenced in Oct’15 and the sinter plant had commenced production on 14 Jan’16. While, the hot metal production has recently initiated on 2 Mar’16.
Tata Steel operational performance
|
Particulars |
Quarterly | Yearly | ||||||
| Q4 FY16 | Q4 FY15 | Q3 FY16 | Y-o-Y | Q-o-Q | FY16 | FY15 |
Y-o-Y |
|
| Steel Deliveries (Indian performance) | 2.72 | 2.41 | 2.35 | +13% | +16% | 9.54 | 8.75 | +9% |
| Steel Deliveries (Group performance) | 6.94 | 7.06 | 6.37 | -2% | +9% | 25.92 | 26.32 | -2% |
Quantity in MnT
Source: Company Website, SteelMint
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