Integrated Report & Annual Accounts for the FY2024-25 of Tata Steel Limited
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Tata Steel has submitted its 10th Integrated Report and 118th Annual Accounts for FY2024-25 to the stock exchanges, along with the notice for its 118th AGM scheduled for July 2, 2025 via video conferencing. For FY2024-25, the company posted consolidated revenue of ₹2,18,543 crore (down 5% YoY due to lower realisations) but swung to a Profit After Tax of ₹3,174 crore from a loss of ₹4,910 crore in the previous year. Consolidated EBITDA rose 10% YoY to ₹25,802 crore, driven by record crude steel production of 30.92 MT and deliveries of 30.96 MT. The Board has recommended a dividend of ₹3.60 per equity share, payable from July 4, 2025. Key highlights include commissioning India's largest blast furnace at Kalinganagar (5 MTPA, part of ₹27,000 crore Phase II expansion), a ₹1,000 crore EBITDA turnaround at Neelachal Ispat Nigam (NINL), and decommissioning of blast furnaces at Port Talbot, UK to pave the way for a £1.25 billion EAF project.
The strong profit turnaround, record volumes, and dividend announcement are positive for shareholders. The reduction in net debt by ₹6,200 crore in H2 FY2024-25 to ₹82,579 crore, along with cost savings of ₹6,600 crore, signals improving financial health, though lower revenue due to weak realisations remains a concern.