Tata Steel Ltd — earnings calls
2 quarters summarised from transcripts filed with the exchange, every statement cited. Newest first.
Tata Steel reported consolidated revenue of Rs. 60,794 crores and EBITDA of Rs. 9,370 crores for 1QFY27, with India EBITDA up 32% YoY to about Rs. 9,900 crores on higher realisations. UK EBITDA losses narrowed to -£27 million from -£48 million, marking a fourth consecutive quarter of improvement, while Netherlands EBITDA was about €4 million, impacted by the Direct Sheet Plant shutdown. The Board approved a 4.8 MTPA expansion at NINL for Rs. 33,873 crores, and management discussed regulatory and emissions-related challenges in the Netherlands alongside safeguard measures in the UK and EU.
Tata Steel reported consolidated EBITDA of Rs 34,848 crores for FY2026, up 35% year-on-year, with margin expanding to about 15% from 12%. Fourth-quarter consolidated revenue was Rs 63,270 crores with EBITDA of Rs 9,953 crores, a 16% margin, aided by higher India realisations, volumes and cost transformation savings. Management also described a material uncertainty flagged around Tata Steel Netherlands' coke and gas plants following a letter from environmental regulators, delays to UK electrical infrastructure for the new Electric Arc Furnace, and cost pressures from the West Asia conflict affecting energy, freight and some raw materials.