Latest news with #TPAdarsh
Economic Times
31-07-2025
- Business
- Economic Times
Tata Steel shares in focus after Q1 profit jumps 116% YoY to Rs 2,078 crore
Tata Steel shares 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. ADVERTISEMENT 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. 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 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. ADVERTISEMENT 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 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. ADVERTISEMENT 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? ADVERTISEMENT 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'. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
31-07-2025
- Business
- Time of India
Tata Steel shares in focus after Q1 profit jumps 116% YoY to Rs 2,078 crore
Tata Steel shares 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. Explore courses from Top Institutes in Please select course: Select a Course Category Others Product Management Project Management Artificial Intelligence MCA healthcare Leadership Design Thinking Cybersecurity Public Policy Management Data Science CXO Operations Management Technology Data Science Healthcare Digital Marketing Degree Data Analytics Finance MBA others PGDM Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details 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'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
30-07-2025
- Business
- Economic Times
Tata Steel more than doubles June quarter profit of Rs 2,007 crore despite sales volume decline
Tata Steel's consolidated net profit more than doubled on-year to Rs 2,007.36 crore in the June quarter helped by reduced losses in its UK unit and as profitability improved for its operations in India. Profit surpassed market estimates. ADVERTISEMENT This helped overshadow a drop in consolidated sales volumes, which fell 3.6% to 7.12 million tonnes for the quarter. In India, the company sold 4.75 million tonnes of steel, a 3.8% decline from a year earlier. 'The G blast furnace relining in Jamshedpur is at an advanced stage of completion and with Kalinganagar ramping up, India volumes are expected to be sequentially higher in the next quarter,' said Koushik Chatterjee, chief financial officer. For its operations in the UK, revenue fell to Rs 6,096 crore from Rs 6,810 crore a year ago, but loss at an EBITDA level more than halved to Rs 468 crore from Rs 955 crore a year ago. In the Netherlands, the company made an EBITDA of Rs 612 crore for the quarter, up from Rs 453 crore a year ago, while EBITDA made on each tonne of steel rose to Rs 4,080 from Rs 3,075 a year the global steel major's consolidated revenue from operations for the June quarter fell to Rs 53,178 crore from Rs 54,771 crore a year ago, its consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) rose 10% on-year to Rs 7,480 margins stood at 14%, while EBITDA improved to Rs 10,470 per tonne from Rs 9,407 a tonne at a consolidated level. For its operations in India, the adjusted EBITDA made on each tonne of steel rose to Rs 15,760 rupees from Rs 14,236 a year ago, while margins were significantly higher at 24%. ADVERTISEMENT 'Higher steel realisations offset the decline in volumes across geographies,' said Chatterjee. 'Our cost transformation program, focused on multiple levers including operating KPIs, supply chain and procurement, has delivered around Rs 2,900 crores during the quarter.'Tata Steel spent Rs 3,829 crore on capital expenditure during the quarter. Its net debt increased to Rs 84,835 crore as of June-end from Rs 82,579 crore at the end of the March quarter. The net debt stood at Rs 82,162 crore at the end of the June quarter last year. ADVERTISEMENT Tata Steel also announced buying a 26% stake in TP Adarsh, a wholly-owned unit of Tata Power Renewable Energy, for up to Rs 6 crore in one or more tranches.'The objective of the acquisition is to optimise Tata Steel's power cost and carbon footprint by replacing grid power with cost effective renewable power,' the company said in a statement. TP Adarsh is yet to commence operations. ADVERTISEMENT (You can now subscribe to our ETMarkets WhatsApp channel)
