Iron & Steel/Interm.Products company Tata Steel announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: Turnover: Rs 56,218 crore compared to Rs 58,687 crore during Q4FY24. EBITDA: Rs 6,762 crore compared to Rs 6,631 crore during Q4FY24. PBT: Rs 2,588 crore compared to Rs 2,403 crore during Q4FY24. PAT: Rs 1,201 crore compared to Rs 555 crore during Q4FY24. FY25 Financial Highlights: Turnover: Rs 2,18,543 crore compared to Rs 2,29,171 crore during FY24. EBITDA: Rs 25,802 crore compared to Rs 23,402 crore during FY24. PBT: Rs 9,267 crore compared to Rs 6,667 crore during FY24. PAT: Rs 3,174 crore compared to Rs -4,910 crore during FY24. T V Narendran, Chief Executive Officer & Managing Director, said: “FY25 has been an important transition year for Tata Steel with significant developments across operating geographies. We commissioned India’s largest blast furnace at Kalinganagar, safely decommissioned two blast furnaces in UK and achieved production levels near rated capacity in Netherlands. India deliveries were best ever at around 21 million tons and were up 5% YoY aided by a smooth ramp up of the new blast furnace at Kalinganagar and capacity utilisation close to 100% at the remaining operations. At the segment level, Tata Steel continues to be the preferred supplier for automotive steel, with high share of business in new model launches. Tata Tiscon achieved ‘best ever’ volumes and grew by 19% YoY to around 2.4 million tons. We have invested more than Rs 1,600 crore on R&D; in the last 5 years, enabling us to become the first Indian steel supplier to have end-to-end capabilities in hydrogen transportation and to localise CP780 automotive grade demonstrating our customer centricity. In yet another step towards growing in chosen segments in India, we have begun catering to commercial shipbuilding. Deliveries in the UK were ~2.5 million tons as we smoothly transitioned to supplying our customers on the basis of imported substrate processed at our downstream mills while fixed costs have reduced by around Pound 230 million, the benefit was not visible due to surging imports. In Netherlands, our deliveries were ~6.25 million tons and for the quarter were 1.75 million tons, highest in the last six years. The QoQ improvement in profitability at Netherlands includes efforts to reduce controllable costs while a transformation program to restore long term competitiveness has been launched in April 2025. This year also marked landmark achievement in the form of a century of mining at Noamundi and in FY25, we mined around 40 million tons of iron ore across our mines in India. I am also happy to share that we have been recognised by worldsteel as Sustainability champion for the eighth time in a row.” Koushik Chatterjee, Executive Director and Chief Financial Officer, said: “Tata Steel Consolidated revenues for FY25 were around USD 26 billion and EBITDA was USD 3.1 billion. Consolidated EBITDA improved by 10% YoY aided by higher volumes and reduction in controllable costs despite the drop in realisations. Neelachal Ispat Nigam Limited achieved annual EBITDA of around Rs 1,000 crore with a margin of 19% and free cash flow in excess of Rs 1,000 crore. This demonstrates the turnaround of the company which was closed at the time of acquisition almost three years ago. Operating cash flows after interest and adjustments improved by 37% or ~Rs 4,800 crore YoY to Rs 17,700 crore aided by working capital release of ~Rs 3,600 crore. We spent Rs 15,671 crore on capital expenditure during the year. For the quarter, Consolidated revenues stood at Rs 56,218 crore and EBITDA was Rs 6,762 crore, which translates to a margin of around 12%, with India EBITDA margin being higher at 21%. Consolidated EBITDA margin was 100 bps higher on QoQ basis. We are focused on cost takeouts to enhance competitiveness and have already achieved ~Rs 6,600 crore during the year vs. FY2024 levels, of which Pound 230 million or Rs 2,600 crore was in UK, Rs 2,800 crore was in India and Rs 1,150 crore was in Netherlands and the cost transformation program will continue in the future. Our Electric Arc Furnace project in UK is also progressing as per plan with award of key OEM contracts, receipt of planning permissions with construction likely to begin by July 2025. Tata Steel Netherlands annual EBITDA has improved to €90 million as production returned to near rated capacity and operating cash flows after interest were around €450 million through significant cash and cost focused actions. The discussion with the Government of Netherlands on the integrated decarbonisation and environmental measures project continues to be intense and we are also engaged with the provincial and environmental authorities on the above.” Result PDF
Conference Call with Fine Organic Industries Management and Analysts on Q4FY25 & Full Year Performance and Outlook. Listen to the full earnings transcript.
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Specialty Chemicals company SRF announced Q4FY25 & FY25 results Q4FY25 Financial Highlights: The consolidated revenue of the company increased 21% from Rs 3,570 crore to Rs 4,313 crore in Q4FY25 when compared with Q4FY24. The company’s Earnings before Interest and Tax (EBIT) increased 47% from Rs 616 crore to Rs 906 crore in Q4FY25 when compared with Q4FY24. The company’s Profit before Tax (PBT) increased 60% from Rs 443 crore to Rs 707 crore in Q4FY25 when compared with Q4FY24. In Q4FY25, the company recorded a Profit after Tax (PAT) of Rs 526 crore. FY25 Financial Highlights: SRF’s revenue increased 12% from Rs 13,139 crore to Rs 14,693 crore over FY24. EBIT increased 6% from Rs 2,201 crore to Rs 2,336 crore over FY24, despite a challenging H1FY25. PBT was Rs 1,704 crore, nearly unchanged from the previous year's Rs 1,692 crore. The company registered a PAT of Rs 1,251 crore in FY25. Ashish Bharat Ram, Chairman & Managing Director, said: “We have finished the year on a very strong note, supported by seasonal factors. That aside, we will go into the new financial year carrying this momentum. However, we are dealing with a very volatile global economy at the moment and while we remain cautiously optimistic about the year ahead, the risks remain”. Result PDF