OREANDA-NEWS. August 17, 2012. Group Performance Highlights:

•           Tata Steel Group's profit after tax (after minority interest and share of profit of associates) for Q1 FY'13 was '598 crores (USD 107 million) compared to a profit of '433 crores (USD 78 miUion) in Q4 FY'12 and a profit of '5,347 crores (USD 961 million) in Q1 FY'12 (including one-off profits of '3,362 crores (USD 604 million) on sale of investments).

•           Group EBITDA in Q1 FY'13 was '3,581 crores (USD 644 million) compared to '3,419 crores (USD 615 million) in Q4 FY'12 and '5,071 crores (USD 912 million) in Q1 FY'12.

•           Group consolidated turnover of '33,821 crores (USD 6.08 billion) in Q1 FY'13 declined by 0.5% from the '33,999 crores (USD 6.11billion) in Q4 FY'12 but was up by 2.5% from the '33,000 crores (USD 5.93 billion) in Q1 FY'12.

•           The Group's steel deliveries declined by 8.7% to 5.68 million tonnes in Q1 FY'13 compared to the 6.22 million tonnes in Q4 FY'12 and by 6.2% from the 6.05 million tonnes in Q1 FY'12.

•           Net debt at the end of June 2012 increased to '54,020 crores (USD 9.71 billion) compared to '47,657 crores (USD 8.57 billion) at the end of March 2012.

•           Turnover at Tata Steel India in Q1 FY'13 was '8,908 crores (USD 1.6 billion), down by 6% from the '9,479 crores (USD 1.7 billion) in Q4 FY'12 but up by 13.3% from the '7,860 crores (USD 1.41 billion) in Q1 FY'12.

EBITDA of '2,791 crores (USD 502 million) in Q1 FY'13 was 6.2% lower than the '2,975 crores (USD 535 million) in Q4 FY'12 and down by 11.6% from the '3,156 crores (USD 567 million) in Q1 FY'12. The EBITDA margin was stable compared to the previous quarter.

Deliveries at 1.59 million tonnes in Q1 FY'13 declined by 10.3% from the 1.77 million tonnes in Q4 FY'12 but remained stable compared to Q1 FY'12.

•           Turnover at Tata Steel Europe in Q1 FY'13 was '20,406 crores (USD 3.67 billion) compared to the '19,923 crores (USD 3.58 billion) in Q4 FY'12 and '20,535 crores (USD 3.69 billion) in Q1

FY'12. Q1 FY'13 sales declined by 4.9% from Q4 FY'12 and by 15% from Q1 FY'12, as per Tata Steel Europe's reporting currency.

EBITDA of '620 crores (USD 111 million) in Q1 FY'13 was up from the '146 crores (USD 26 million) in Q4 FY'12 but down from the '1,907 crores (USD 343 million) in Q1 FY'12. The EBITDA margin improved on a sequential basis.

Deliveries declined by 9.5% to 3.21 million tonnes in Q1 FY'13 compared to the 3.55 million tonnes in both Q4 FY'12 and Q1 FY'12.

Turnover at Tata Steel South East Asia in Q1 FY'13 was '3,372 crores (USD 606 million), up by 7% from the '3,152 crores (USD 567 million) in Q4 FY'12 and up by 1.2% from the '3,332 crores (USD 599 million) in Q1 FY'12.

EBITDA of '95 crores (USD 17 million) in Q1 FY'13 was 10.5% lower than the '106 crores (USD 19 million) in Q4 FY'12 but up by 6.1% from the '89 crores (USD 16 million) in Q1 FY'12. The EBITDA margin declined slightly on a sequential basis.

Deliveries declined by 0.8% to 0.72 million tonnes in Q1 FY'13 compared to the 0.73 million tonnes in Q4 FY'12 and by 7.7% from the 0.78 million tonnes in Q1 FY'12.