Tata Steel on Monday reported a 112.7% jump in its consolidated net profit for the January-March quarter at Rs 1,301 crore, aided by lower input costs and operational efficiencies. The profit beat Bloomberg’s consensus estimate of Rs 1,160 crore.
Revenues during the period came in at Rs 56,218 crore, missing estimates of Rs 57,295 crore and registering a 4.2% year-on-year decline.
Managing director and CEO TV Narendran said FY25 was a pivotal transition year, highlighting major operational milestones across geographies. These included the commissioning of the largest blast furnace at Kalinganagar, the decommissioning of two UK blast furnaces, and improved capacity utilisation in the Netherlands. In India, deliveries reached an all-time high of approximately 21 million tonnes, rising 5% year-on-year, largely due to the ramp-up of the Kalinganagar facility and nearly full utilisation across other units.
Ebitda for the quarter stood at Rs 6,559 crore, slightly below Bloomberg’s estimate of Rs 6,612 crore and marking a 0.6% year-on-year decline. Ebitda per tonne dropped to Rs 7,810 from Rs 8,735 in the same quarter last year.
“Consolidated Ebitda in FY25 improved by 10% aided by higher volumes and reduction in controllable costs despite the drop in realisations,” Koushik Chatterjee, chief financial officer, Tata Steel said.
The company reported deliveries of 8.33 million tonnes in the fourth quarter, compared to 7.98 million tonnes in Q4FY24 and 7.72 million tonnes in Q3FY25. Steel production during the quarter totalled 7.45 million tonnes. Tata Tiscon achieved record volumes, growing 19% year-on-year to around 2.4 million tonnes. Narendran also noted the company’s growing focus on high-value segments such as automotive steel and commercial shipbuilding, supported by over Rs 1,600 crore invested in research and development over the past five years.
Tata Steel India reported revenue of Rs 34,661 crore and Ebitda of Rs 7,418 crore, translating to an Ebitda margin of 21%. Crude steel production was 5.44 million tonnes, marginally lower than the previous quarter due to a blast furnace reline at Jamshedpur. Deliveries for the Indian operations stood at 5.60 million tonnes.
In the UK, revenue was £551 million while Ebitda rose to £80 million from £34 million in Q4FY24 and £67 million in Q3FY25. Quarterly deliveries were 0.63 million tonnes, up 12% sequentially. Narendran said that while fixed costs had been reduced by about £230 million, the gains were offset by increased imports.
The Netherlands operations generated €1,624 million in revenue and €14 million in Ebitda, with deliveries rising 14% sequentially to 1.75 million tonnes. A transformation programme aimed at long-term competitiveness was launched in April 2025.
For the full year, Tata Steel reported revenue of Rs 218,543 crore, Ebitda of Rs 25,802 crore and a net profit of Rs 3,421 crore. Capital expenditure for the March quarter was Rs 3,220 crore, with annual capex at Rs 15,671 crore. The company’s net debt stood at Rs 82,579 crore, while cash and cash equivalents were at Rs 12,222 crore.