TATA STEEL LIMITED

Tata Steel Limited reported a resilient performance for the first quarter of FY2027, despite challenges in the operating environment, including disruptions in supply chains and international pricing pressures. The company produced approximately 5.76 million tons of crude steel in India, with deliveries at 5.17 million tons. Management noted an increase in realizations, contributing to an EBITDA margin of 27%, above the 10-year average. Segmental highlights included a 21% year-on-year growth in the automotive and specialty business, and a 33% increase in volumes for Tata Tiscon. The company also announced a 4.8 MTPA expansion at NINL, aimed at enhancing its presence in high-margin products. In the UK, EBITDA losses narrowed, while in the Netherlands, production was impacted by a temporary shutdown. Management emphasized ongoing cost transformation initiatives and the importance of adapting to regulatory changes in Europe. The company maintained a strong liquidity position, with net debt at Rs. 84,000 crores and a net debt to EBITDA ratio of 2.3x.

Management highlighted both achievements and ongoing challenges in various operational segments.