Q2 2025 Tata Steel Ltd Earnings Call Transcript
Key Points
- Tata Steel Ltd (STU:HWHG) reported a 5% year-on-year increase in crude steel production in India, reaching 5.3 million tonnes.
- The company witnessed a 20% year-on-year growth in its retail brand, Tata Tiscon, driven by enhanced reach and consumer connect programs.
- Tata Steel Ltd (STU:HWHG) successfully commissioned a 5 million tonne blast furnace at Kalinganagar, which is expected to boost production capabilities.
- The company has expanded its e-commerce portal, Aashiyana, and launched two new construction service centers, enhancing its B2B offerings.
- Tata Steel Ltd (STU:HWHG) received a GBP500 million grant from the UK government to support its green steelmaking project, preserving over 5,000 jobs in the UK.
- Global steel trade dynamics have been distorted by elevated steel exports from China, impacting regional prices.
- The company's UK operations reported an EBITDA loss, which widened from GBP91 million in the first quarter to GBP147 million in the second quarter.
- In the Netherlands, subdued demand and market conditions have led to a decline in EBITDA per tonne.
- Tata Steel Ltd (STU:HWHG) faces challenges in the European market due to regulatory costs and declining spreads.
- The company has experienced a significant buildup in net debt, increasing by almost INR10,000 crores over the last six months.
Ladies and gentlemen, good day, and welcome to the Tata Steel Analyst Call. Please note that this meeting is being recorded. All the attendees' audio and video has been disabled from the back end and will be enabled subsequently. I would now like to hand the conference over to Ms. Samita Shah.
Thank you, and over to you, ma'am.
Thank you, Kinshuk. Good morning, good afternoon, good evening to all our participants listening on to the call. On behalf of Tata Steel, I'm delighted to welcome you to this call to discuss our results for the second quarter of FY25. I'm sure you've gone through the presentation, which has been uploaded on the website, and have questions, which we'll be happy to take. Before I hand it over and introduce our other participants, I would just like to remind you that the entire proceedings are governed by the safe harbor clause on page two of the presentation.
We have with us, of course, our CEO and MD, Mr. T.V. Narendran; and our Executive
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