Tata Steel shares in focus after Q1 profit jumps 116% YoY to Rs 2,078 crore
will be in focus on Thursday after the company reported a 116% year-on-year (YoY) jump in consolidated net profit to Rs 2,078 crore for the June 2025 quarter, up from Rs 960 crore in the same period last year.
Revenue from operations stood at Rs 53,178 crore, down 3% from Rs 54,771 crore a year ago. However, both profit and revenue beat Street estimates of Rs 1,720 crore and Rs 50,264 crore, respectively.
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Sequentially, net profit rose 60% from Rs 1,301 crore in Q4FY25, while revenue declined 5.4% from Rs 56,218 crore.
EBITDA rose 11% QoQ and 10% YoY, supported by the company's ongoing strategic initiatives. Tata Steel's net debt stood at Rs 84,835 crore, with strong group liquidity of Rs 43,578 crore, including Rs 14,118 crore in cash and cash equivalents.
Tata Steel to acquire stake in TP Adarsh
The board has approved the acquisition of a 26% equity stake in TP Adarsh, with an investment of up to Rs 6 crore in one or more tranches.
Tata Steel India & other revenues
India revenues stood at Rs 31,137 crore with EBITDA at Rs 7,486 crore, translating to a 24% margin. EBITDA per ton improved by Rs 2,510 QoQ to Rs 15,760 per ton. Crude steel production was 5.24 million tons, while deliveries stood at 4.75 million tons. Maintenance shutdowns at Jamshedpur and Neelachal Ispat Nigam impacted volumes, but the company expects normalisation in the coming quarters.
UK revenue came in at £536 million with an EBITDA loss of £41 million, narrowing from a £80 million loss in Q4FY25. Deliveries stood at 0.60 million tons. Netherlands revenue was €1,519 million, and EBITDA improved to €64 million from €14 million in the previous quarter. Liquid steel production was 1.70 million tons with deliveries of 1.50 million tons.
The company spent Rs 3,829 crore on capex during the quarter. It noted that the 5 MTPA blast furnace at Kalinganagar is ramping up well.
Also read:
Will Tata Motors' ambitious Iveco acquisition strain its financial stability?
Tata Steel shares target price
According to Trendlyne, the average target price for Tata Steel is Rs 163, implying a potential upside of around 1%. Of the 31 analysts covering the stock, the consensus rating is 'Buy'.
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