India operations shine with Rs 3,460 crore profit as company ramps up Kalinganagar capacity
Key Points:
• Q2 consolidated revenue hits Rs 53,905 crore with 12% EBITDA margin
• India steel production rises 5% YoY to 5.28 million tons amid strong demand
• UK operations wind down blast furnace as company transitions to green steelmaking
JAMSHEDPUR – Tata Steel demonstrated resilience in Q2 FY25 with Rs 759 crore consolidated profit despite complex global market conditions.
The steel giant witnessed steady performance in its domestic operations.
"Despite challenging conditions, we delivered consistent performance with India deliveries at 5.1 million tons," stated T V Narendran, CEO & MD.
The company’s capital expenditure reached Rs 4,806 crore during the quarter.
Meanwhile, domestic steel deliveries showed robust growth of 6% year-on-year.
Market Dynamics
The company said that the global steel prices faced pressure due to China’s economic slowdown.
The company maintained strong liquidity of Rs 26,028 crore.
Domestic operations achieved an impressive EBITDA margin of 21%.
Strategic Developments
India’s largest blast furnace commenced operations at Kalinganagar in September.
This expansion will boost India’s crude steel capacity to 26.6 MTPA.
The Port Talbot facility in UK closed its remaining blast furnace.
The Netherlands unit reported revenues of £1,300 million with 1.66 million tons production.
