Tata Steel Q1 Results: Cons PAT surges 116% YoY to Rs 2,078 crore despite 3% revenue fall

Tata Steel on Wednesday reported a 116% year-on-year growth in its Q1 consolidated net profit to Rs 2,078 crore compared to Rs 960 crore in the year ago period. The profit after tax (PAT) is attributable to the owners of the company.

The company's revenue from operations stood at Rs 53,178 crore which was down 3% versus Rs 54,771 crore posted in the corresponding quarter of the last financial year.

The PAT was higher than Street's estimates of Rs 1,720 crore while revenue also beat the estimates of Rs 50,264 crore.


The net profit increased 60% on a sequential basis versus Rs 1,301 crore in the January-March quarter while the topline declined 5.4% over Rs 56,218 crore posted by the company in Q4FY25.

Tata Steel's Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) improved by 11% QoQ and 10% YoY, aided in part by ongoing strategic initiatives, the company filing said.

Tata Steel's net debt stood at Rs 84,835 crores and the Group's liquidity remains strong at Rs 43,578 crores, which includes cash & cash equivalents of Rs 14,118 crores.

Tata Steel to acquire stake in TP Adarsh

The company's board today approved acquisition of 26% equity stake in TP Adarsh where it will infuse of an amount up to Rs 6 crore, in one or more tranches.

Tata Steel India & other revenues

India revenues stood at Rs 31,137 crores for the quarter and EBITDA was Rs 7,486 crores, which translates to a margin of 24%. India EBITDA per ton improved by Rs 2,510 per ton QoQ to Rs 15,760 per ton.

Crude steel production was 5.24 million tons and deliveries were 4.75 million tons. Quarterly production and deliveries were affected by maintenance shutdowns in Jamshedpur and Neelachal Ispat Nigam Limited. Production and deliveries are expected to normalise in the coming quarters, the company said.

The UK revenues were reported £536 million for the quarter and EBITDA loss stood at £41 million versus loss of £80 million in 4QFY25. Deliveries stood at 0.60 million tons and were marginally lower due to subdued demand.

Meanwhile, the Netherlands revenues were €1,519 million for the quarter and EBITDA was €64 million versus €14 million in 4QFY25. Liquid steel production was 1.70 million tons and deliveries were 1.50 million tons.

The company spent Rs 3,829 crores on capital expenditure during the quarter and it said that its 5 MTPA blast furnace at Kalinganagar is ramping up well.