Tata Metaliks Ltd reported flat 1.47% growth yoy in Dec-20 quarter consolidated revenues at Rs526.23cr. The top line has been virtually flat in the previous year as well as in the sequential quarter. The company has seen traction of late.
For the Dec-20 quarter, the consolidated operating profits were up 81.68% at Rs111.35cr. This was on the back of sharp fall in raw material costs. As a result, operating margin or OPM expanded from 11.82% in the Dec-19 quarter to 21.16% in Dec-20 quarter.
Consolidated Profit after tax (PAT) for the Dec-20 quarter was up 63.52% at Rs75.43cr on as lower raw material costs helped the bottom line. PAT margins expanded from 8.89% in Dec-19 to 14.33% in Dec-20 largely on better price realizations.
Financial highlights for Dec-20 compared yoy and sequentially
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Tata Metaliks |
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Rs in Crore |
Dec-20 |
Dec-19 |
YOY |
Sep-20 |
QOQ |
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Total Income (Rs cr) |
₹ 526.23 |
₹ 518.62 |
1.47% |
₹ 519.63 |
1.27% |
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Operating Profit (Rs cr) |
₹ 111.35 |
₹ 61.29 |
81.68% |
₹ 93.04 |
19.68% |
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Net Profit (Rs cr) |
₹ 75.43 |
₹ 46.13 |
63.52% |
₹ 82.20 |
-8.24% |
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Diluted EPS (Rs) |
₹ 23.81 |
₹ 14.54 |
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₹ 25.97 |
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OPM |
21.16% |
11.82% |
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17.91% |
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Net Margins |
14.33% |
8.89% |
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15.82% |
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Key takeaways from the Dec-20 quarter results
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For the latest Dec-20 quarter, the company got nearly two-third of its revenues from pig iron and the balance from ductile pipes. The margins on pig iron are much higher than the margins on ductile pipes.
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During the quarter, the company disposed off part of its business and the numbers only contain the numbers of continuing operations and the discontinued operations have been excluded from the figures.
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