Tata Steel on Monday reported a more-than-double consolidated net profit growth of 113% at Rs 1,301 crore in Q4FY25 versus Rs 611 crore reported in the year ago period. The profit is attributable to the owners of the company and was higher than Street's estimates of Rs 1,062 crore.
The company's total revenues from operations in the March-ended quarter stood at Rs 56,218 crore, which was down 4.2% versus Rs 58,687 crore in the corresponding quarter of the last financial year.
Tata Steel's board today recommended a dividend of Rs 3.60 per share for FY2024-25. The payment of dividend will be subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) scheduled on Wednesday, July 2, 2025. The company has set the record date on June 6, 2025.
The profit after tax (PAT) surged 298% on a sequential basis versus Rs 327 crore reported by the steel maker in Q3FY25. The total revenues from operations were also up 5% against Rs 53,648 crore reported in the October-December quarter of FY25.
The YoY profit uptick was on account of lower expenses incurred in the quarter under review. The expenses reported by the company in Q4FY25 stood at Rs 54,168 crore versus Rs 56,497 crore, a climb down of 4%. However, expenses were up 4% on a sequential basis against Rs 52,118.
Tata Steel said that revenues increased by 5% QoQ upon improved volumes despite drop in realisations in UK and Netherlands.
Raw material costs also moved lower driven by decline in coking coal consumption cost in India and Netherlands.
The Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the quarter under review stood at Rs 6,762 crore, up from Rs 5,994 crore in Q3FY25 and Rs 6,631 Q4FY24. Meanwhile, the adjusted EBITDA per ton fell to Rs 7,810 crore in Q4FY25, down from Rs 9,263 crore in Q3FY25 and Rs 8,735 crore in Q4FY24.
Management commentary
Commenting on the company's earnings, T V Narendran, CEO & Managing Director said that FY2025 was an important transition year for Tata Steel with significant developments across operating geographies. "We commissioned India’s largest blast furnace at Kalinganagar, safely decommissioned two blast furnaces in UK and achieved production levels near rated capacity in Netherlands. India deliveries were best ever at around 21 million tons 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," Narendran said.
"We have invested more than Rs 1,600 crores on R&D in the last 5 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," Narendran added.
The company's total revenues from operations in the March-ended quarter stood at Rs 56,218 crore, which was down 4.2% versus Rs 58,687 crore in the corresponding quarter of the last financial year.
Tata Steel's board today recommended a dividend of Rs 3.60 per share for FY2024-25. The payment of dividend will be subject to the approval of the shareholders at the ensuing Annual General Meeting (AGM) scheduled on Wednesday, July 2, 2025. The company has set the record date on June 6, 2025.
The profit after tax (PAT) surged 298% on a sequential basis versus Rs 327 crore reported by the steel maker in Q3FY25. The total revenues from operations were also up 5% against Rs 53,648 crore reported in the October-December quarter of FY25.
The YoY profit uptick was on account of lower expenses incurred in the quarter under review. The expenses reported by the company in Q4FY25 stood at Rs 54,168 crore versus Rs 56,497 crore, a climb down of 4%. However, expenses were up 4% on a sequential basis against Rs 52,118.
Tata Steel said that revenues increased by 5% QoQ upon improved volumes despite drop in realisations in UK and Netherlands.
Raw material costs also moved lower driven by decline in coking coal consumption cost in India and Netherlands.
The Earnings before Interest, Taxes, Depreciation and Amortisation (EBITDA) in the quarter under review stood at Rs 6,762 crore, up from Rs 5,994 crore in Q3FY25 and Rs 6,631 Q4FY24. Meanwhile, the adjusted EBITDA per ton fell to Rs 7,810 crore in Q4FY25, down from Rs 9,263 crore in Q3FY25 and Rs 8,735 crore in Q4FY24.
Management commentary
Commenting on the company's earnings, T V Narendran, CEO & Managing Director said that FY2025 was an important transition year for Tata Steel with significant developments across operating geographies. "We commissioned India’s largest blast furnace at Kalinganagar, safely decommissioned two blast furnaces in UK and achieved production levels near rated capacity in Netherlands. India deliveries were best ever at around 21 million tons 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," Narendran said.
"We have invested more than Rs 1,600 crores on R&D in the last 5 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," Narendran added.
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