Tata Steel Limited has informed the Exchange about Transcript Tata Steel 4QFY2025 and FY2025 Earnings Discussion
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Tata Steel reported Q4FY25 consolidated EBITDA of Rs. 6,762 crores at a 12% margin, up 100 basis points quarter-on-quarter, with full-year FY25 EBITDA at Rs. 25,802 crores, growing 10% year-on-year despite multi-year low steel prices. India operations posted a 21% EBITDA margin in Q4 on record crude steel production of ~21.7 million tonnes and deliveries of ~20.9 million tonnes. Management announced an aggressive FY26 cost takeout target of Rs. 11,500 crores (~$1.3 billion) across geographies, including Rs. 4,000 crores for India, £220 million for UK, and €500 million for Netherlands, with Netherlands guided towards €70-80/ton EBITDA, eventually targeting €100/ton. Net debt was reduced by Rs. 6,200 crores in six months to Rs. 82,579 crores, with FY26 capex guided at ~Rs. 15,000 crores (75% to India). The company also made a voluntary fair-value accounting change for UK and Netherlands investments, booking a non-cash Rs. 24,829 crore adjustment in Q4.
The strong cost takeout roadmap, debt reduction trajectory, and explicit EBITDA-per-ton guidance for European operations point to an improving profitability path. India remains the cash engine while the UK transition to a downstream-only model is progressing. Overall, the commentary is constructive for shareholders and supports a positive near-term stock outlook.