Tata Metaliks achieved highest ever profit before tax of Rs 339 crore (up 11% YoY) Iron & Steel products company Tata Metaliks declares Q4FY22 result: Achieved highest ever PBT of Rs 339 crore (up 11% YoY) Revenue from operations of Rs 808 Crores and PBT of Rs 73 Crores for the quarter ending March’22, the figures for the full year FY’22 stand at Rs 2,746 Crores and Rs 339 Crores respectively. The Board of Directors have recommended a dividend of Rs 8 per fully paid equity share (face value of Rs 10 each). Highest annual Hot Metal and DI Pipe production at 565 KT and 236 KT respectively (previous high - HM 544 KT in FY'20 and DI Pipe 234 KT FY’19) Highest annual Coke Plant production 232 KT (previous high 147 KT in FY '19) Highest annual Power Generation 22.4 MW (previous high 15.6 MW in FY'19) Highest ever annual sales of PI and DI pipe from Kharagpur plant at 341 KT and 237 KT respectively Mr. Sandeep Kumar, Managing Director of Tata Metaliks said: “While DIP business has delivered on its planned volumes, the Pig Iron business got impacted due to lower production from one of the blast furnaces that took long to stabilize post a maintenance shutdown. The significant increase in coal, coke & consumable prices as also continuing drag of old orders (booked in FY21) of DIP has impacted our profitability. However, Profits from sale of land of discontinued operation has added to the bottom line of the Company. Government’s increased investment in water infrastructure has kept the demand for DI Pipes robust. Pig iron prices surged in March and are expected to remain firm with a jump in exports due to disruption in global pig iron supply chain on account of Ukraine – Russia war. Despite several challenges like two waves of COVID-19 in FY22, the Company could complete most of the installation of Phase 1 of its new DI Pipe plant at Kharagpur. It is conducting hot trials & commissioning of various Plant equipment progressively using digital technologies like Augmented Reality (AR) system as it was becoming challenging for overseas engineers from the OEMs to travel to India from abroad due to covid-related visa restrictions. This plant is being built on Industry 4.0 concept and it will be one of its kind in the DI Pipe industry with high levels of automation, mechanisation and digitalisation Result PDF