Cement & Cement Products company Sagar Cements announced Q4FY25 results Revenue decreased by 7% YoY and volume increased by 5% for Q4FY25 to Rs 65,804 lakh from Rs 70,871 lakh during Q4FY24. Operating EBITDA of Rs 3,682 lakh for Q4FY25 as against Rs 6,813 lakh during Q4FY24. Operating EBITDA of Rs 218 per ton during Q4FY25. EBITDA margin decreased by 400 bps to 6% for Q4FY25 (v/s Q4FY24). Loss after tax stood at Rs 7,305 lakh for Q4FY25 v/s Profit of Rs 1,158 lakh during Q4FY24. Sreekanth Reddy, Jt. Managing Director, said: “Q4 saw a significant 23% (QoQ) increase in volume, as demand carried over from the previous quarter gained further traction due to a rebounding construction sector, real estate growth, and higher government spending. Prices as well after staying stable for large part of the quarter have started trending higher.” Our EBITDA for the quarter stood at Rs 37 crore, translating to a margin of 6%. On a per-ton basis, EBITDA stood at Rs 218. This improved operational profitability was primarily driven by enhanced operating leverage and a reduction in energy and freight expenses. Looking ahead, we anticipate further strengthening of our operational profitability and margins over the coming years. This positive trajectory will be supported by our strategic initiatives focused on increasing the contribution of green power, implementing cost optimization measures, and achieving higher capacity utilization across our facilities. For FY26 we believe we will be able to achieve sales volumes of ~ 6.0 to 6.3 million tonnes. In conclusion, we are confident that our strategic initiatives aimed at reducing freight costs – by shortening lead distances, lowering the clinker factor, modernizing our assets, and optimizing our energy sources – will be instrumental in generating sustainable, long-term value for our shareholders. Result PDF
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.