Tata Steel Limited — Investor Meet, 18-05-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tata Steel has announced a board meeting to consider the financial results for the quarter and half-year. FY2025 saw record crude steel production of ~21.7 million tons and deliveries of ~20.9 million tons, led by India’s strong 21% EBITDA margin. Consolidated EBITDA grew 10% YoY to Rs. 25,802 Cr, despite pricing pressures, with net debt down Rs. 6,200 Cr. Management targets Rs. 11,500 Cr in cost savings for FY2026 and capex of ~Rs. 15,000 Cr focused on Indian expansion and European decarbonisation. Volume growth of ~1.5 million tons is expected, driven by India, with steel prices anticipated to rise next quarter. The focus remains on profitability through cost control and strategic investments amid market volatility.