Tata Steel Q1 FY2025: Record Sales and Production Highlights

On July 06, 2024, Tata Steel announced provisional 1QFY2025 production and delivery volumes.

Tata Steel: 1QFY2025 Production and Delivery Volumes (Provisional)

Tata Steel 1QFY2025 Performance Summary

Tata Steel India

• Production: Crude steel production was 5.25 million tons, up 5% year over year. The lower QoQ production was due to planned maintenance.
• Deliveries: Sales reached 4.94 million tons, marking the best-ever first-quarter sales, up 3% year over year, driven by increased domestic deliveries.

Segment Highlights:

• Automotive & Special Products: Deliveries rose by 14% YoY to approximately 0.8 million tons, driven by growth in passenger and commercial vehicles.
• Branded Products & Retail: Deliveries increased by 6% YoY to about 1.7 million tons. Tata Tiscon saw a 15% YoY increase, with Tata Astrum and Tata Steelium achieving record first-quarter sales.
• Industrial Products & Projects: Deliveries were around 1.8 million tons, and the engineering subsegment achieved record quarterly sales.
• Tata Steel Aashiyana: Revenues from this e-commerce platform for individual home builders reached ₹644 crore, up 73% YoY, with a 50% growth in the customer base.

Tata Steel Netherlands:

• Production: Liquid steel production was 1.72 million tons, up both YoY and QoQ as operations returned to normal.
• Deliveries: Increased to 1.52 million tons, up 11% YoY and 6% QoQ due to improved production.

Tata Steel UK:

• Production: Liquid steel production was 0.68 million tons.
• Deliveries: Reached 0.69 million tons. Operations at Blast Furnace 5 in Port Talbot ceased, with the last liquid iron produced on July 4, and decommissioning is underway.

About Tata Steel

Tata Steel is one of the top steel companies globally, boasting an annual crude steel capacity of 35 million tonnes. It is among the world’s most geographically diversified steel producers, with operations and a commercial presence worldwide.

On July 8, 2024, Tata Steel’s share price opened at ₹174.60, touching the day’s high of ₹175.47 as of 09:44 AM on the NSE.

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