Tata Steel Q4 profit rises 37% to ₹9,835 crore, announces stock split
The Hindu
The board recommended a dividend of ₹51 per fully paid-up equity share
Tata Steel Ltd. reported fourth quarter consolidated net profit rose 37.32% to ₹9,835 crore owing to continuous improvement in performance.
Revenue for the quarter ended March, grew 38% to ₹69,323 crore.
For the full year, net profit rose fivefold to ₹41,749 crore.
Revenue for FY22 grew 56% to ₹2,43,959 crore.
For FY22 the consolidated free cash flow stood at ₹27,185 crores, the company said in a filing.
Gross debt stood at ₹75,561 crore with net repayments of ₹15,232 crore during the year. The company said its net debt declined to ₹51,049 crore and it would continue to cut debt going forward despite higher capital allocation.
The board of directors recommended a dividend of ₹51 per fully paid equity share and ₹12.75 per partly paid-up equity shares.
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