Tata Steel Ltd. has posted a more than two-fold increase in Q4 consolidated net profit to ₹1,301 crore from ₹611 crore in the year-earlier period.
The company’s revenue from operations during the period declined 5% YoY to ₹55,707 crore.
For FY25, the company registered a net profit of ₹3,421 crore compared with a net loss of ₹4,437 crore in the previous year. Revenue from operations dropped 5% to ₹2,16,840 crore.
The Board of Directors recommended a dividend of ₹3.60 per ordinary (equity) share of face value of ₹1 each.
“FY2025 has been an important transition year for Tata Steel with significant developments across operating geographies,” said MD & CEO T.V. Narendran.
“We commissioned India’s largest blast furnace at Kalinganagar, safely decommissioned two blast furnaces in the U.K., and achieved production levels near rated capacity in The Netherlands. India deliveries were best ever at about 21 million tonnes and were up 5% YoY aided by a smooth ramp up of the new blast furnace at Kalinganagar and capacity utilisation close to 100% at the remaining operations,” he said.
“At the segment level, Tata Steel continues to be the preferred supplier for automotive steel, with high share of business in new model launches. Tata Tiscon achieved best-ever volumes and grew by 19% YoY to around 2.4 million tonnes,” he added.
“The company has invested more than ₹1,600 crore in R&D in the last five years, enabling us to become the first Indian steel supplier to have end-to-end capabilities in hydrogen transportation and to localise CP780 automotive grade demonstrating our customer centricity. “
“In yet another step towards growing in chosen segments in India, we have begun catering to commercial shipbuilding. Deliveries in the U.K. were 2.5 million tonnes as we smoothly transitioned to supplying our customers on the basis of imported substrate processed at our downstream mills while fixed costs have reduced by around £230 million, the benefit was not visible due to surging imports,” he said. “In Netherlands, our deliveries were ~6.25 million tons and for the quarter were 1.75 million tonnes,” he added.
Executive Director and Chief Financial Officer Koushik Chatterjee said, “We are focused on cost take-outs to enhance competitiveness and have already achieved ₹6,600 crore during the year vs. FY2024.”
The company’s India revenues were ₹34,661 crore and EBITDA was ₹7,418 crore, which translates to an EBITDA margin of 21%.
Crude steel production was 5.44 million tonnes and moved lower on quarter-on-quarter (QoQ) basis due to reline of one of the blast furnaces in Jamshedpur. Deliveries stood at 5.60 million tons and were up 6% QoQ.
U.K. revenues were £551 million and EBITDA loss stood at £80 million. Deliveries were 0.63 million tonnes, up 12% on a QoQ basis.
Netherlands revenues were €1,624 million and EBITDA was €14 million. Deliveries were 1.75 million tonnes, up 14% on QoQ basis.
The company said it had spent ₹3,220 crore on capital expenditure during the quarter and ₹15,671 crore for the full year. Net debt stands at ₹82,579 crore. And group liquidity remains strong at ₹38,791 crore, which includes cash and cash equivalents of ₹12,222 crore, it added.
Published – May 12, 2025 09:26 PM is
