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Informist, Wednesday, Nov. 12, 2025

 

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--Tata Steel Jul-Sept consol net profit INR 31.02 bln
--Analysts saw Tata Steel Jul-Sept consol net profit at INR 27.67 bln
--Tata Steel Jul-Sept consol revenue INR 586.89 bln
--Analysts saw Tata Steel Jul-Sept consol revenue at INR 555.39 bln
--Tata Steel Jul-Sept consol net profit INR 31.02 bln vs INR 8.33 bln yr ago
--Tata Steel Jul-Sept consol revenue INR 586.89 bln vs INR 539.05 bln yr ago
--Tata Steel Jul-Sept consol net profit includes one-time cost INR 4.20 bln
--Tata Steel Apr-Sept consol net profit INR 51.79 bln vs INR 17.93 bln yr ago
--Tata Steel Apr-Sept consol revenue INR 1.12 tln vs INR 1.09 tln yr ago
--Tata Steel board OKs acquiring 50% stake in JV Tata BlueScope Steel
--Tata Steel board OKs acquiring stake in JV for up to INR 11 bln
--Tata Steel Jul-Sept consol reported EBITDA INR 91.06 bln vs INR 62.24 bln
--Tata Steel Q2 consol reported EBITDA per tn INR 11,518 vs INR 8,278 yr ago
--Tata Steel Jul-Sept consol adjusted EBITDA INR 89.68 bln vs INR 55.22 bln
--Tata Steel Q2 consol adjusted EBITDA per tn INR 11,343 vs INR 7,345 yr ago
--Tata Steel Jul-Sept India adjusted EBITDA INR 85.16 bln vs INR 68.89 bln
--Tata Steel Jul-Sept India adjusted EBITDA per tn INR 15,331 vs INR 13,479
--Tata Steel: Completed 90% of civil works at Ludhiana unit
--Tata Steel net debt at INR 870.40 bln as on Sept 30
--Tata Steel: Q2 sales from Netherlands ops INR 157.19 bln vs INR 141.09 bln
--Tata Steel: Q2 sales from UK ops INR 59.27 bln vs INR 65.21 bln
--Tata Steel: Apr-Sept capex INR 70.79 bln

 

By Rajesh Gajra

 

NEW DELHI – Tata Steel Ltd. beat the Street view on both bottom line and top line for the September quarter. The company reported a consolidated net profit of INR 31 billion for the quarter, above analysts' estimate of INR 27.7 billion. Its consolidated revenue was INR 586.9 billion, above the Street view of INR 555.4 billion.

 

The steel major's consolidated net profit rose 3.7 times on year. Its consolidated net revenue from operations was up 8.8% on year and 10% on quarter at INR 582.2 billion. The net revenue from operations grew year-on-year after 12 quarters of on-year decline.

 

The company incurred exceptional expenses of INR 4.2 billion in the September quarter. In the year-ago quarter the company had reported exceptional gains of INR 181 million. Tata Steel's consolidated net profit growth for the September was aided by a sharp fall of 26% on year in tax expenses to INR 10.4 billion.

 

But the biggest driver was the jump in operating profit. The company's consolidated earnings before interest, tax, depreciation, and amortisation rose to INR 91.1 billion from INR 62.2 billion in the year-ago quarter. The consolidated adjusted EBITDA rose to INR 90 billion from INR 55.2 billion.

 

Tata Steel reported a consolidated EBITDA per tonne of INR 11,518 for the September quarter, up substantially from INR 8,278 in the year ago quarter. The consolidated adjusted EBITDA per tonne was also up sharply to INR 11,343 from INR 7,345.

 

The company's strong performance in EBITDA was driven by its India operations. The adjusted EBITDA of its India operations rose to INR 85.2 billion in the quarter from INR 68.9 billion in the year ago quarter. The India adjusted EBITDA per tonne rose to INR 15,331 from INR 13,479.

 

Tata Steel said a sequential drop in consolidated realisations during the September quarter was offset by a 10% revenue growth that was driven by higher deliveries in India and Netherlands. The lower realisations were "especially in India", according to the company.

 

In the September quarter, the revenue from Netherlands operations rose to INR 157.2 billion from INR 141.1 billion in the year ago quarter, while the revenue from UK operations declined to INR 59.3 billion from INR 65.2 billion. The India revenue rose to INR 347.9 billion from INR 326.6 billion.

 

Tata Steel's consolidated net profit for Apr-Sept rose 2.9 times on year to INR 51.8 billion. Consolidated revenue for the period grew 3% to INR 1.118 trillion. The capital expenditure during Apr-Sept was INR 70.8 billion, with INR 32.5 billion spent in the September quarter. In ongoing capacity expansion projects, Tata Steel said 90% of the civil works at its scrap project in Ludhiana was completed and the facility will be commissioned in 2026-27 (Apr-Mar).

 

Tata Steel's net debt at the end of the September quarter was INR 870.4 billion. The company's gross debt declined to INR 956.4 billion as on Sept. 30 from INR 989.5 billion at the end of the June quarter. The company said the gross debt declined largely due to "loan movement" of INR 42.5 billion.

 

Apart from its earnings numbers for the September quarter, the company also said that its board had approved the acquisition of 50% stake in Tata BlueScope Steel Pvt. Ltd., a joint venture between BlueScope, through its wholly owned subsidiary BlueScope Steel Asia, and Tata Steel's wholly owned subsidiary Tata Steel Downstream Products Ltd. The acquisition will be for a consideration of up to INR 11 billion, the company said.

 

On Wednesday, shares of Tata Steel ended at INR 178.61 on the National Stock Exchange, down 1.3%.  End

 

Edited by Ashish Shirke

 

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