tata metaliks: Tata Metaliks Q4: High input costs drag down margins

The corporate reported a revenue of Rs 52 crore, down 31% year-on-year, regardless of a 22% bounce in revenues to Rs 808 crore.

“The numerous improve in coal, coke and consumable costs as additionally persevering with drag of outdated orders (booked in FY21) of DIP (ductile iron pipe) has impacted our profitability,” Sandeep Kumar, Managing Director of Tata Metaliks mentioned in a press assertion. “Nonetheless, earnings from the sale of land of discontinued operation has added to the underside line of the corporate.”

The Tata Metal subsidiary’s earnings earlier than curiosity, tax, depreciation and amortisation (EBITDA), greater than halved throughout the quarter to Rs 57 crore. EBITDA margin declined by nearly 15 share factors year-on-year to 7.1%.