Tata Steel: steel demand continued to improve but domestic prices were under pressure due to cheap imports.

 

  • Tata Steel: steel demand continued to improve but domestic prices were under pressure due to cheap imports. 
  • Global operating environment remained complex, with key regions facing subdued growth. 
  • Macro-economic conditions in China continued to weigh on commodity prices including steel. 
  • In India, steel demand continued to improve but domestic prices were under pressure due to cheap imports. 
  • Despite this, Tata Steel has delivered broadly consistent performance, with India deliveries at 5.1 million tons for the quarter and 10.1 million tons for the half year. 
  • Domestic deliveries rose by 6% for the quarter and 5% for the half year on YoY basis   
  • Consolidated Revenues for 1HFY25 were Rs 1,08,676 crores. EBITDA improved by 25% YoY to Rs 13,046 crores with an EBITDA margin of 12%.  
  • Net debt stands at Rs 88,817 crores
  • Group liquidity remains strong at Rs 26,028 crores, which includes cash & cash equivalents of Rs 10,575 crores  
  • The company has spent Rs 4,806 crores on capital expenditure during the quarter and Rs 8,583 crores for the half year  

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