On 12 Sep’16, Tata Steel reported its first quater results for FY17 and its group operational performance hit during the same period.
Indian performance highlights
1. Tata steel-India’s steel deliveries decreased by 21% to 2.14 MnT in Q1 FY17 against Q4 FY16. However, on Y-o-Y basis growth remains flat.
2. It’s largest brand, Tata Tiscon achieved a growth of 6% Y-o-Y in Q1 FY17 and accounts for 16% of overall sales.
3. Automotive witnessed 19% Y-o-Y growth in Q1 FY17 and accounts for 18.5% of overall sales.
4. The company also attributed it’s poor performance to drought situation, leading to poor demand in many parts of India during the quarter. .
Tata Steel Group performance highlights
Tata Steel Group steel deliveries decreased by 7% on Y-o-Y basis to 5.41 MnT in Q1 FY17 while on Q-o-Q basis it is down by 15%.
Tata Steel operational performance
| Particulars | Quarterly | ||||
| Q1 FY17 | Q4 FY16 | Q1 FY16 | Y-o-Y | Q-o-Q | |
| Steel Deliveries (Indian performance) | 2.14 | 2.72 | 2.14 | 0% | -21% |
| Steel Deliveries (Group performance) | 5.41 | 6.37 | 5.82 | -7% | -15% |
Quantity in MnT
Source: Company Website, SteelMint Research
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