
Stocks to watch: Tata Steel, Dixon Tech, Tata Motors among shares in focus today amid Trump's tariff deadline extension
The company recorded a 14% year-on-year rise in consolidated crude steel output, totaling 7.26 million tonnes in the first quarter of FY26.
The bank reported a 5 per cent year-on-year increase in total business for the first quarter of FY26, rising to ₹ 22.1 lakh crore from ₹ 21.08 lakh crore during the corresponding period last year.
The company has entered into a joint venture named Lightanium Technologies Pvt Ltd in collaboration with Signify Innovations India to grow its presence in the lighting sector.
The company recorded a 9% year-on-year drop in global wholesales for the first quarter of FY26, with total sales amounting to 2,99,664 units.
The company has appointed Saurav Adhikari and Divya Karani as non-executive, non-independent directors, following the conclusion of e-voting on Tuesday, where over 75% of shareholders voted in favor of the appointments.
The government has given the green light for the company to set up a special purpose vehicle named KPIN Clean Power Four LLP.
The dedicated electric vehicle company has announced the large-scale launch of its in-house developed software, MoveOS 5. This proprietary system is designed for use in both the S1 series of scooters and the newly introduced Roadster X motorcycles.
The company plans to increase the galvanisation capacity of its Ranjangaon plant from 40,500 MT to 1,10,000 MT per year by FY27, with an investment of ₹ 170 crore funded through internal accruals and debt.
CAMSPay has introduced the CAMSPay New Payment Gateway, capable of handling more than 5,000 transactions per second. This next-generation payment solution is built to meet the evolving needs of businesses in India, addressing key challenges in the rapidly changing payments ecosystem.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
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Business Standard
4 days ago
- Business Standard
Tata Steel Q1 PAT jumps 116% to ₹2,078 cr on cost cuts, better realisations
Tata Steel on Wednesday reported a 116.51 per cent year-on-year (Y-o-Y) jump in consolidated net profit (attributable to owners of the company) at ₹2,077.68 crore in the first quarter of 2025-26 (Q1FY26) led by an increase in net steel realisations and planned cost takeouts. The steel major's net profit in the year-ago period had stood at ₹959.61 crore. Total revenue on a consolidated basis in Q1FY26 was ₹53,178.12 crore, down 2.91 per cent Y-o-Y. Both revenue and net profit came in ahead of Bloomberg consensus estimate at ₹51,409 crore and 1,786 crore, respectively. Sequentially, revenue was down 5.41 per cent and net profit up 59.72 per cent. Commenting on the company's performance, T V Narendran, managing director and chief executive officer (MD&CEO), said: 'Tata Steel has demonstrated robust profitability across geographies despite volatile global macro conditions and heightened uncertainty. The strong improvement in our Q1 performance on Q-o-Q (quarter-on-quarter) as well as Y-o-Y basis was driven by an increase in our net steel realisations and the planned cost takeouts.' Domestic operations Tata Steel India reported a turnover of ₹31,137 crore in Q1FY26 compared to ₹33,195 crore in Q1FY25. Reported profit after tax (PAT) was at ₹3,454 crore as against ₹3,337 crore in the year-ago period. Quarterly production and deliveries in India were affected by maintenance shutdowns in Jamshedpur and Neelachal Ispat Nigam Limited. The company expects these to normalise in the coming quarters. 'In India, our large distribution network with 25,000+ dealers & distributors and our focus on delivering customer requirements helped us in selling higher value-added products, and in creating value from the new facilities we commissioned,' Narendran said. Tata Steel's 5 million tonnes per annum (mtpa) blast furnace at Kalinganagar was ramping up well, the company said. It has commissioned one of the two continuous galvanising lines in the 2.2 mtpa CRM (cold rolling mill) complex. In Ludhiana, construction for the electric arc furnace (EAF) was underway. In the UK, the official start of construction for the EAF was marked by a groundbreaking ceremony on July 14. Tata Steel's capital expenditure (capex) during the quarter stood at ₹3,829 crore. Tata Steel Europe In the UK, revenues were at 536 million pound for the quarter. Ebitda loss at 41 million pound narrowed from a loss of 80 million pound in Q4FY25. Deliveries at 0.60 mt were marginally lower on subdued demand. Ebitda stands for earnings before interest, taxes, depreciation and amortisation. Revenues from the Netherlands operations were at 1,519 million euro for the quarter while Ebitda was 64 million euro. The Ebitda in Q4FY25 had stood at 14 million euro. Liquid steel production was 1.70 mt and deliveries were 1.50 mt. On decarbonisation in the Netherlands, Tata Steel said in its results disclosure that intense discussions between the management and the Netherlands government are ongoing with relation to a "tailor-made approach" for support to address the reduction of carbon emissions and environmental concerns of the local community and authorities. Tata Steel expects the Dutch government to provide a certain level of financial support, which is the subject of discussions between the company, Tata Steel Netherlands, and the government there. Cost transformation programme Koushik Chatterjee, executive director and chief financial officer (ED&CFO), said: 'Tata Steel has delivered resilient performance and sequentially improved margins by around 200 basis points (bps) despite challenging demand and uncertainty on trade tariffs.' He also said that the cost transformation programme, focused on multiple levers — including operating KPIs (key performance indicators), supply chain, and procurement — had delivered around ₹2,900 crore during the quarter. 'We remain focused on cost optimisation, operational improvements, and working capital management to maximise cashflows,' Chatterjee said. As of June 30, 2025, net debt stood at ₹84,835 crore and group liquidity at ₹43,578 crore, with cash and cash equivalents of ₹14,118 crore.
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Business Standard
4 days ago
- Business Standard
Tata Steel Q1 results: Net profit jumps 116.51% to ₹2,077.68 crore
Tata Steel on Wednesday reported a 116.51 per cent year-on-year (Y-o-Y) jump in consolidated net profit (attributable to owners of the company) at ₹2,077.68 crore in the first quarter of 2025-26 (Q1FY26) led by an increase in net steel realisations and planned cost takeouts. The steel major's net profit in the year-ago period had stood at ₹959.61 crore. Total revenue on a consolidated basis in Q1FY26 was ₹53,178.12 crore, down 2.91 per cent Y-o-Y. Both revenue and net profit came in ahead of Bloomberg consensus estimate at ₹51,409 crore and 1,786 crore, respectively. Sequentially, revenue was down 5.41 per cent and net profit up 59.72 per cent. Commenting on the company's performance, T V Narendran, managing director and chief executive officer (MD&CEO), said: 'Tata Steel has demonstrated robust profitability across geographies despite volatile global macro conditions and heightened uncertainty. The strong improvement in our Q1 performance on Q-o-Q (quarter-on-quarter) as well as Y-o-Y basis was driven by an increase in our net steel realisations and the planned cost takeouts.' Domestic operations Tata Steel India reported a turnover of ₹31,137 crore in Q1FY26 compared to ₹33,195 crore in Q1FY25. Reported profit after tax (PAT) was at ₹3,454 crore as against ₹3,337 crore in the year-ago period. Quarterly production and deliveries in India were affected by maintenance shutdowns in Jamshedpur and Neelachal Ispat Nigam Limited. The company expects these to normalise in the coming quarters. 'In India, our large distribution network with 25,000+ dealers & distributors and our focus on delivering customer requirements helped us in selling higher value-added products, and in creating value from the new facilities we commissioned,' Narendran said. Tata Steel's 5 million tonnes per annum (mtpa) blast furnace at Kalinganagar was ramping up well, the company said. It has commissioned one of the two continuous galvanising lines in the 2.2 mtpa CRM (cold rolling mill) complex. In Ludhiana, construction for the electric arc furnace (EAF) was underway. In the UK, the official start of construction for the EAF was marked by a groundbreaking ceremony on July 14. Tata Steel's capital expenditure (capex) during the quarter stood at ₹3,829 crore. Tata Steel Europe In the UK, revenues were at 536 million pound for the quarter. Ebitda loss at 41 million pound narrowed from a loss of 80 million pound in Q4FY25. Deliveries at 0.60 mt were marginally lower on subdued demand. Ebitda stands for earnings before interest, taxes, depreciation and amortisation. Revenues from the Netherlands operations were at 1,519 million euro for the quarter while Ebitda was 64 million euro. The Ebitda in Q4FY25 had stood at 14 million euro. Liquid steel production was 1.70 mt and deliveries were 1.50 mt. On decarbonisation in the Netherlands, Tata Steel said in its results disclosure that intense discussions between the management and the Netherlands government are ongoing with relation to a "tailor-made approach" for support to address the reduction of carbon emissions and environmental concerns of the local community and authorities. Tata Steel expects the Dutch government to provide a certain level of financial support, which is the subject of discussions between the company, Tata Steel Netherlands, and the government there. Cost transformation programme Koushik Chatterjee, executive director and chief financial officer (ED&CFO), said: 'Tata Steel has delivered resilient performance and sequentially improved margins by around 200 basis points (bps) despite challenging demand and uncertainty on trade tariffs.' He also said that the cost transformation programme, focused on multiple levers — including operating KPIs (key performance indicators), supply chain, and procurement — had delivered around ₹2,900 crore during the quarter. 'We remain focused on cost optimisation, operational improvements, and working capital management to maximise cashflows,' Chatterjee said. As of June 30, 2025, net debt stood at ₹84,835 crore and group liquidity at ₹43,578 crore, with cash and cash equivalents of ₹14,118 crore.

Mint
15-07-2025
- Mint
Ola Electric's profit push has been ignited. Now, volumes have to follow
Ola Electric Mobility Ltd's stock jumped 14% in the past two days after its June quarter (Q1FY26) results showed the clearest signs yet of operating discipline. Ola's auto business was Ebitda positive in June helped by stronger volumes, tighter cost control, and early gains from its vertically integrated setup. Q1FY26 consolidated revenues rose 35.5% sequentially to ₹828 crore, while deliveries climbed 32.7%. Gross margin rose to 25.8% in Q1FY26 from 13.8% in Q4FY25, leading to an improvement in Ebitda margin to negative 29% from negative 114% in the same period. Ola expects profitability to sustain and has guided for above 5% FY26 auto segment Ebitda margin after posting negative 11.6% margin in Q1FY26. FY26 vehicle deliveries are pegged at 3.25 lakh–3.75 lakh units, which could be a tall order. Kotak Institutional Equities is baking in 3.10 lakh units in FY26. Ola projects its gross margin to rise further to 35–40% as PLI-linked savings from its Gen-3 scooters kick in. It should be noted that Ola's Q1FY26 volumes declined 46% year-on-year despite the electric vehicle (EV) industry's two-wheeler volumes growing 7%. Kotak has cut its FY26-FY28volume assumptions to the tune of 12-16%, given lower growth assumptions for the EV two-wheeler industry and sustained below expected volume offtake performance. 'An increase in competitive intensity will continue to weigh on the company's market share," said Kotak in a report on 14 July. Moreover, execution risks persist. Ola's motorcycle rollout is still in early stages, with Roadster X in 200 stores and a national launch due by Navratri. While the initial response is positive, scale and further demand are untested. The company plans to launch a new product every quarter over the next two years. Ola plans to spend ₹300 crore over the remaining nine months of FY26, with ₹400–500 crore in free cash flow required to fund the auto business. It expects the auto segment to turn FCF-positive by FY26's end. For its cell business, Ola will invest around ₹1,000 crore to build a 5 GWh facility, which it expects to break even by FY27. Engineering bets continue as Ola's rare-earth-free motors are set to enter production in Q3FY26, with dual-sourced magnets added to reduce supply chain risk. For now, Ola's numbers suggest a turning point. But for this rally to evolve into a rerating, the company will need to show consistency on volumes, margins, and Securities and Capital Markets (India)analysts maintained their 'hold' rating and reckon the current valuation reflects all improvements.