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Earnings Call

Tata Steel Earnings Call: Key Takeaways

Tata Steel FY26 Revenue at ₹2,32,140 Cr with ₹10,886 Cr PAT. Focused on India capacity expansion to 40+ MTPA and decarbonization in UK/Netherlands.

Highlights
MarginsConsolidated EBITDA improved by ~320 bps YoY.
Order bookDeliveries reached 31.97 million tons in FY2026.
Demand visibilityPositive on India growth opportunities.
Management confidenceHigh

Growth

FY26 Revenue grew 6.2% YoY; EBITDA increased 35% to ₹34,848 Cr; PAT surged 243% YoY.

Outlook

Capex of ₹14,026 Cr in FY26; targeting ₹7,140 Cr cost savings in FY2027; Net Zero by 2045.

Risks

Global headwinds and transition risks associated with decarbonizing European operations.

Last quarter's promises, checked

Delivered

  • Guided 95% compliance to ₹11,500 Cr savings → delivered ₹10,868 Cr (= BEAT)
  • Guided FY26 Capex ~₹14,000 Cr → delivered ₹14,026 Cr (= BEAT)
  • Guided Net Debt/EBITDA reduction → delivered 2.3x from 3.3x (= BEAT)

Partly delivered

  • Guided 100% savings compliance → delivered 95% due to TSN delay (= PARTIAL)
Source

Earnings Call filed with NSE, NSE: TATASTEEL. Summary written with AI assistance from the document.

Read the document ↗

Tata Steel Ltd: key numbers

Share price
₹187.97
Market cap
₹2,34,653 Cr
Revenue (annual)
₹2,32,140 Cr
Net profit (annual)
₹10,794 Cr
P/E (TTM)
21.3×Sector 19.0×
Promoter holding
32.94%-0.25% QoQ
FII holding
18.90%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

More from Tata Steel Ltd

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21:18 IST BSE
Debt & Borrowing

Tata Steel Debt & Borrowing: ₹1,200 Cr

Tata Steel has successfully redeemed Commercial Papers worth ₹1,200 Crore on the due date. This payment settles the outstanding principal for these debt instruments.

Value
₹1,200 Cr
19:04 IST BSE
Debt & Borrowing

Tata Steel Debt & Borrowing: ₹153.9 Cr

Tata Steel has made annual interest payments of Rs.37.50 Crore and Rs.116.40 Crore on its listed NCDs, totaling Rs.153.90 Crore.

Value
₹153.9 Cr
20:19 IST BSE
Legal & Regulatory

Tata Steel Legal & Regulatory

Tata Steel obtained an interim order from the Calcutta High Court restraining JPC from utilizing the Rs. 2,970 crore deposited by the company pending appeal.

20:14 IST NSE
Legal & Regulatory

Tata Steel Legal & Regulatory

Tata Steel updated the exchange on a legal matter regarding SDF loans. The Calcutta High Court has directed that the disputed ₹2,970 crore shall not be utilized.

Value
₹2,970 Cr
10:51 IST NSE
Other Announcement

Tata Steel Other Announcement

Tata Steel disclosed a voluntary ESG score of 68.3 (Grade B) from SEBI-registered provider SES ESG. No transaction, financial impact, or business event is involved.

16:57 IST BSE
Debt & Borrowing

Tata Steel Debt & Borrowing: ₹800 Cr

Tata Steel Ltd has completed the full redemption of its commercial paper series TSL-15-9-26-CP, amounting to ₹800 Crore. This repayment concludes the debt obligation.

Value
₹800.0 Cr