Finance Minister Nirmala Sitharaman will present the Union Budget 2025. This will be her 8th consecutive Union Budget presentation, making her the first Finance Minister to achieve this feat. The previous record was held by Morarji Desai, who presented 6 consecutive budgets.

Budget 2025 Date and Time

Nirmala Sitharaman will present the Union Budget 2025 in Parliament at 11:00 AM on Saturday, February 1, 2025.

Stock Markets (NSE and BSE) to Remain Open on Union Budget Day

Even though the Budget is being presented on a Saturday, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain open for trading. The markets will operate during regular hours, from 9:15 AM to 3:30 PM.

This is similar to previous years, such as February 1, 2020, and February 28, 2015, when budgets were also presented on Saturdays with markets open for trading.

Where to Watch the Union Budget 2025 Presentation?

You can follow www.angelone.in/news to follow the live update on the Union Budget 2025. 

Accessing the Budget Documents

The Union Budget documents will be available digitally on the official government portal, www.indiabudget.gov.in. The budget documents, including the Annual Financial Statement, Demand for Grants (DG), and the Finance Bill, can also be accessed through the Union Budget Mobile App.

Things to Know Ahead of Union Budget 2025

Seventh Pre-Budget Consultation Meeting

Finance Minister Nirmala Sitharaman will present the Union Budget for 2025-26 on February 1, 2025. In preparation, she chaired the seventh Pre-Budget Consultation meeting with key stakeholders from the financial sector and capital markets. Click here to learn more about the key industry demands and suggestions that emerged during the discussions. 

NAREDCO Proposes Hike in Housing Loan Interest Deduction For Budget 2025

As per news reports, the National Real Estate Development Council (NAREDCO) has urged the government to increase the deduction on housing loan interest payments from ₹2 lakh to ₹5 lakh in the upcoming 2025 Budget. This proposal is aimed at boosting the flow of funds into the affordable housing sector. Click here to learn more about the NAREDCO proposal on the hike in housing loan interest deduction. 

Home Loan Borrowers Hope for Enhanced Tax Benefits in this Budget

As per the Deloitte India report, Home loan borrowers and industry experts have expectations from the Union Budget 2025-26, hoping that Finance Minister Nirmala Sitharaman will address their long-standing demands for increased tax benefits. To know more about the proposals for consolidated and higher tax benefits, click here. 

Automobile Sector’s Expectations from Union Budget 2025

As Budget 2025 approaches, the automobile industry anticipates reforms to simplify GST classification, reduce tax rates on hybrid vehicles, and streamline ITC refunds for EV manufacturers. These measures aim to enhance growth, sustainability, and ease of doing business.

Click here to know more about other key expectations. 

Budget 2025: Key Expectations for Life Sciences & Healthcare Growth

As per Deloitte’s report, India’s pharmaceutical sector has transformed into a global leader in drug and vaccine manufacturing, supplying medicines to over 200 countries. Click here to learn more about the key expectations from the life sciences and healthcare (LSHC) sector, particularly to address ongoing challenges and capitalise on growth opportunities. 

Key Expectations for Union Budget 2025-26: Tax Reforms and Growth Strategies

As per  Deloitte’s report, Union Budget 2025-26 will focus on bolstering private consumption, investment, and export competitiveness while addressing inflation and enhancing infrastructure development. Key tax reforms include simplifying compliance for Non-Resident Indians (NRIs) by enabling direct tax payments from overseas bank accounts and providing clarity on stock option taxation for non-resident employees to reduce litigation. 

To get a deeper dive into 4 major expectations from the union budget 2025-26, click here. 

Financial Services Sector Expectations in this Budget

As India prepares for the Union Budget 2025, the financial services sector anticipates reforms to enhance growth and sustainability. To learn more about the industry’s expectations for the upcoming Union Budget 2025, as mentioned in various media reports, click here.

Key Expectations for Boosting India’s Retail Sector in Union Budget 2025

As per Deloitte’s Budget Expectations 2025 analysis report, the current landscape of the Indian retail sector is shaped by both challenges and opportunities, with varying dynamics across urban and rural markets. To learn more about the Expectations in the Retail Sector for Union Budget 2025, click here. 

AMFI Seeks Indexation Return for Debt Funds in Budget 2025

AMFI urges Budget 2025 to restore indexation benefits for debt funds, boost long-term savings, and align taxation with NPS to fuel investor confidence and growth. To know more about the 15-point proposal for the Union Budget 2025-26 by AMFI, click here. 

Technology, Media, and Telecommunications Sector Expectations in this Budget

The TMT sector anticipates reforms such as tax relief for data centres and rising scope for carrying forward losses on amalgamation. To learn more about the sector’s expectations, click here. 

ICAI Proposes Joint Taxation for Married Couples in Budget 2025

Budget 2025 could introduce joint taxation for married couples, as suggested by ICAI, offering higher exemptions and improved tax slabs to ease financial burdens. To learn more about the key points of ICAI’s proposal, click here. 

CII Proposes 10-Point Plan to Simplify Business and Boost Transparency for Budget 2025

CII’s 10-point agenda for Budget 2025 focuses on easing business processes by simplifying regulations, reducing compliance, and improving transparency to boost growth. To know more about the key recommendations by CII, click here. 

Pharma and Healthcare Sector Seek Tax Relief and Increased Spending in Budget 2025

The Indian pharmaceutical and healthcare industries are optimistic about Finance Minister Nirmala Sitharaman’s upcoming Union Budget 2025. Their wish list includes increased healthcare spending, tax cuts for research and development (R&D), and support for infrastructure growth to drive innovation and accessibility. To know more about the expectation on tax relief, R&D and health care spending, click here. 

Key Highlights of Last Budgets Under FM Nirmala Sitharaman

Union Finance Minister Nirmala Sitharaman’s approach to budget-making over the years has evolved to address the challenges and opportunities of each specific year. To know more about the key highlights from the last Union Budgets, click here. 

Budget 2025: Space Sector Seeks PLI, Tax Relief, and Boosted Funding

India’s space sector demands a PLI scheme, tax cuts, higher budgets, and strategic incentives in Budget 2025 to drive growth and global competitiveness. To know more about India’s space sector expectations for the Union Budget 2025-26, click here. 

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

On Tuesday, January 28, 2025, the benchmark indices, BSE Sensex and NSE Nifty50, closed on a positive note. The 30-share Sensex rose by 535.24 points, or 0.71%, to finish at 75,901.41, trading within a range of 78,512.96 to 78,622.88 during the session. Similarly, the NSE Nifty50 ended in the green, gaining 128.10 points, or 0.56%, to settle at 22,957.25. The index recorded an intraday high of 23,137.95 and a low of 22,857.65.

Top Gainers of the Day

• Bajaj Finance: Opened at ₹7,390.00, hit a high of ₹7,706.80, and is now at ₹7,610.00, with a 4.31% gain.
• Axis Bank: Started at ₹960, peaked at ₹993.85, and is currently trading at ₹983.25, up by 3.71%.
• Shriram Finance: Opened at ₹520.05, reached a high of ₹541.80, and is trading at ₹529.85, up 3.56%.
• Bajaj Finserv: Began trading at ₹1,732.95, climbed to ₹1,788.05, and is at ₹1,770.10, a 3.42% rise.
• HDFC Bank: Opened at ₹1,647.00, touched ₹1,684.30, and is at ₹1,673.30, gaining 2.67%.

Top Losers of the Day

 

• Sun Pharma: Opened at ₹1,779.80, dropped to ₹1,693.10, and is currently at ₹1,711.00, down 4.24%.
• Britannia: Opened at ₹5,181.15, fell to ₹5,018.20, and is trading at ₹5,065.00, a 2.15% decline.
• Hindalco: Began at ₹590.10, reached a low of ₹568.30, and is now at ₹574.70, down by 2.08%.
• Grasim: Started at ₹2,458.00, dropped to ₹2,399.80, and is trading at ₹2,415.00, losing 1.75%.
• BEL: Opened at ₹263.50, touched a low of ₹252.70, and is currently at ₹258.50, down 1.69%.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The drone industry in India is rapidly growing, offering exciting opportunities for investors. Drones are transforming sectors like agriculture, logistics, defence, and entertainment, opening new possibilities for expansion. With rising demand for new drone applications and government support, the market is set for significant growth. In this blog, we will explore the top drone stocks in India for February 2025.

Overview of the Drone Industry in India

The Indian drone market is expected to reach ₹120-150 billion (USD 1.5-1.9 billion) by 2026. Drones are currently most widely used in infrastructure and agriculture, but their applications are expanding across various industries. The industry’s growth is driven by increasing uses, government support, and the rise of startups exploring new ways to use drones.

The Government of India has set an ambitious target to make India a global leader in drone technology by 2030. To support this, the government is:

• Introducing liberal policies to encourage businesses and individuals to adopt drone technology.
• Aiming to attract ₹50 billion (USD 6.7 billion) in investments over the next 3 years, which will create over 10,000 jobs and boost MSME investments by relaxing eligibility criteria for the Production-Linked Incentive (PLI) scheme.

Best Drone Stock in February 2025 Based on 5Y CAGR

Note: The best drone stocks in India for February 2025 have been sorted based on 5Y CAGR as of January 28, 2025. 

Overview of Best Drone Stocks in February 2025

1. Zen Technologies Limited

Zen Technologies Limited was founded in 1996. The company focuses on creating and manufacturing combat training and counter-drone solutions for defence and security forces. It is committed to developing technologies that support the Indian armed forces, state police, and paramilitary forces.

For the quarter ending September 2024, Zen Technologies reported a revenue of ₹241.69 crore and a net profit of ₹65.24 crore. In comparison, for the quarter ending June 2024, the company had a revenue of ₹253.96 crore and a net profit of ₹74.18 crore. 

Key metrics: 

• Earning per share (EPS): ₹22.61
• Return on equity (ROE): 13.05%

2. RattanIndia Enterprises Limited

RattanIndia Enterprises Limited is the main company of the RattanIndia Group. It focuses on modern, technology-driven businesses such as e-commerce, electric vehicles, and drones.

In September 2024, RattanIndia Enterprises Limited reported a revenue of ₹5.59 crore and a net loss of ₹244.68 crore. In June 2024, the company had a revenue of ₹1,024.74 crore and a net profit of ₹863.09 crore.

Key metrics: 

• EPS: ₹5.30
• ROE: 46.71%

3. Hindustan Aeronautics

Hindustan Aeronautics is involved in making aircraft and helicopters, as well as providing repair and maintenance services for them.

For the period ending September 2024, Hindustan Aeronautics reported a revenue of ₹5,976.55 crore and a net profit of ₹1,490.36 crore. In comparison, the company posted revenue of ₹4,347.57 crore and a net profit of ₹1,435.59 crore for June 2024. 

Key metrics: 

• EPS: ₹126.67
• ROE: 29.17%

4. DCM Shriram

DCM Shriram manufactures fertilisers, chlorovinyl products, and cement in Kota, Rajasthan, and chlor-alkali in Bharuch, Gujarat.

In December 2024, DCM Shriram reported a revenue of ₹3,424.59 crore and a net profit of ₹248.98 crore. For September 2024, the revenue was ₹3,049.51 crore with a net profit of ₹49.20 crore. 

Key metrics: 

• EPS: ₹32.59
• ROE: 7.61%

5. Info Edge

Info Edge is a leading Indian online classifieds company with a range of brands. It owns popular platforms such as Naukri.com (job recruitment), 99acres.com (real estate), Jeevansathi.com (matrimonial services), and Shiksha.com (education information). The company also invests in various startups in the online sector and continues to expand its investment portfolio.

For the quarter ending September 2024, Info Edge reported a revenue of ₹656.10 crore and a net profit of ₹85.88 crore. In comparison, the revenue for June 2024 was ₹638.90 crore, with a net profit of ₹232.29 crore. 

Key metrics: 

• EPS: ₹57.31
• ROE: 2.41%

Best Drone Stock in February 2025 Based on Market Cap

Note: The top drone stocks in India for February 2025 have been sorted based on market cap as of January 28, 2025. 

 

Best Drone Stock in February 2025 Based on Net Profit Margin

Note: The top drone stocks list in India for February 2025 has been sorted based on net profit margin as of January 28, 2025. 

Things to Keep in Mind Before Investing in Drone Stocks in India

Investing in drone stocks can be a profitable opportunity, but it’s important to evaluate several factors before making a decision. Here are the key points to consider:

1. Regulatory Environment

The drone industry in India is regulated by the Directorate General of Civil Aviation (DGCA). The regulatory framework is complex and continues to evolve, so it’s important to stay updated on any new rules. Changes in regulations could affect the growth and operations of drone companies.

2. Market Demand and Growth Potential

Before investing, assess the demand for drones and the industry’s long-term growth potential. While the sector is expanding rapidly, it’s important to understand future trends and projections to make an informed decision.

3. Technology and Innovation

Look at the technological advancements and innovation plans of drone companies. Companies that are developing new, cutting-edge drone technologies and software are likely to perform better in the long term. Innovation will be key to maintaining growth.

Should You Invest in Drone Stocks?

The drone industry is growing quickly, with drones becoming essential in sectors like agriculture, logistics, defence, and entertainment. This growth presents great opportunities for companies in the field to increase market share and revenues. However, there are some challenges to consider.

Regulatory challenges are a major concern, as governments, including India’s, are still creating rules to ensure drones are used safely. Stricter rules could slow the industry’s growth or increase costs for companies. Technological challenges, such as improving battery life, navigation systems, and reliability, also need to be overcome.

The drone industry is highly competitive, with both established companies and startups fighting for market share. Companies need to invest heavily in research and development to stay ahead. Additionally, public acceptance of drones, especially regarding privacy and safety concerns, could impact their widespread use.

Conclusion

The drone industry has strong growth potential, but it comes with risks. To make a smart investment, it’s crucial to do thorough research into regulations, technology, and competition. Because of the risks and rewards involved, diversifying your investments and staying informed about the sector’s developments will help reduce risks and improve chances for long-term gains.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

The standard deduction is a fixed amount that salaried individuals can subtract from their taxable income without needing to provide any documentation or proof of expenses. First introduced in 1974 under Section 16 of the Income Tax Act, this deduction has undergone several changes over the years.

History of Standard Deduction

Introduction in 1974

The standard deduction was implemented in 1974 to simplify tax calculations for salaried taxpayers.

Multiple Revisions Over the Years

Tax experts highlight that the percentage and maximum limit of the standard deduction have been revised many times.

Elimination in 2005

In the 2005–06 fiscal year, Finance Minister P. Chidambaram removed the standard deduction, stating it was unnecessary due to the expansion of income tax slabs and exemption limits.

• In FY 2004-05, the standard deduction was ₹30,000 or 40% of salary (whichever was lower) for those earning up to ₹5 lakh annually.
• For individuals earning above ₹5 lakh, the deduction was limited to ₹20,000.
• From FY 2005-06, this benefit was discontinued.

Reintroduction in 2018

After a gap of 13 years, the standard deduction returned in Budget 2018 with a limit of ₹40,000.

Further Increases

• Budget 2019: Raised the deduction to ₹50,000.
• Budget 2023: Allowed individuals under the new tax regime to claim the ₹50,000 deduction.
• Budget 2024: Increased the deduction under the new tax regime to ₹75,000, while it remained ₹50,000 under the old regime.

Who Can Claim the Standard Deduction?

All salaried employees and pensioners are eligible for the standard deduction, regardless of their income level.

Benefits of the Standard Deduction

1. No Documentation Required
   Claiming this deduction does not require maintaining receipts or proof of expenses such as medical bills, travel costs, or investments.
2. Reduces Taxable Income
   It directly lowers taxable income by deducting a fixed amount from gross salary.
3. Wide Eligibility
   Most salaried employees and pensioners can avail themselves of this benefit.

What’s Next?

With Budget 2025 approaching, it remains to be seen if the standard deduction will be changed. The different limits under the old and new tax regimes may also be further aligned or revised.

Budget 2025: Key Details and Where to Watch

Union Finance Minister Nirmala Sitharaman will present the Union Budget for 2025 on Saturday, February 1. This will be her eighth consecutive budget presentation and the second full financial budget for Prime Minister Narendra Modi’s NDA government in its third term. Similar to previous years, the 2025 Budget will be presented in a paperless format.

The Union Budget outlines the government’s planned spending and income for the upcoming fiscal year, from April 1 to March 31. It also includes fiscal, spending, and economic policies, which have been part of the budget since 2019.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Several key corporate actions are set to keep stocks like BPCL, MPS, and Technopack Polymers in the spotlight during today’s trading session. These companies will turn to ex-date tomorrow, January 29, 2025, for their dividend and bonus announcements.

What is the Ex-Date?

The ex-date marks when a stock trades without entitlement to a dividend or bonus shares. To qualify for these benefits, investors must hold the stock before the ex-date. The record date determines the list of eligible shareholders for these corporate actions.

BPCL Interim Dividend 2025

Bharat Petroleum Corporation Limited (BPCL) has declared an interim dividend of ₹5 per equity share with a face value of ₹10 each for FY25.

• Record Date: January 29, 2025.
• Dividend Payment Date: By February 20, 2025, through electronic modes.

BPCL share price is currently trading at ₹257.25, down by ₹4.05 (1.55%) as of 10:57 AM IST on January 28, 2025. The stock opened at ₹262.25, reached a high of ₹263.90, and a low of ₹254.30. 

MPS Interim Dividend 2025

MPS Limited, a digital services provider, has announced its first interim dividend of ₹33 per equity share with a face value of ₹10 for FY25.

• Record Date: January 29, 2025.
• Dividend Payment Date: By February 21, 2025.

MPS share price is currently trading at ₹2,396.90, down by ₹132.70 (5.25%) as of 10:59 AM IST on January 28, 2025. The stock opened at ₹2,448.15, reached a high of ₹2,524.70, and a low of ₹2,356.80.

Technopack Polymers Bonus Issue

Technopack Polymers has declared a 1:1 bonus share issuance, meaning shareholders will receive 1 additional share for every share held.

• Record Date: January 29, 2025.
• Face Value: ₹10 per share.

Other Stocks to Watch

Several other companies, including Wipro, Mangalam Industrial Finance, Tips Music, Wendt (India), and Zensar Technologies, will also remain in focus today as their shares turn ex-dividend.

These corporate actions are likely to influence trading activity, with investors closely monitoring price movements and eligibility for dividends or bonus shares.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Bajaj Housing Finance Ltd reported a 25% increase in net profit to ₹548.02 crore for Q3FY25, compared to ₹436.97 crore in the same period last year. The company’s net interest income (NII) grew by 25.8% YoY to ₹2,321.9 crore from ₹1,845.47 crore.

Rising Expenses and Provisions

Total expenses rose 26% to ₹1,736 crore during the quarter, compared to ₹1,374 crore a year ago. Provisions for bad loans increased to ₹35 crore, significantly higher than ₹1 crore in the same quarter last year.

Asset Quality and AUM Growth

• Gross Non-Performing Assets (NPA): Increased to 0.29% from 0.25% last year.
• Assets Under Management (AUM): Rose 26% YoY to ₹1.08 lakh crore, up from ₹85,929 crore.

Debt-Equity Ratio Improves

The debt-equity ratio fell to 4.09 in Q3FY25 from 5.37 in the same quarter last year. This indicates a shift towards equity financing, which is viewed as a positive development for the company’s financial health.

About Bajaj Housing Finance

Established in 2008, Bajaj Housing Finance is a Housing Finance Company (HFC) that does not accept deposits. Registered with the National Housing Bank (NHB) since 2015, it specializes in providing mortgage loans.

Bajaj Housing Finance share price is trading at ₹103.74, down by ₹2.00 (1.89%) as of January 28, 10:17 AM IST. The stock opened at ₹108.95, reached a high of ₹109.81, and a low of ₹103.10. It has a market cap of ₹86,360 crore, a P/E ratio of 39.41, and its 52-week range is ₹103.10 to ₹188.50.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Piramal Enterprises, a leading NBFC, posted a net profit of ₹39 crore for Q3FY25, a significant turnaround from a ₹2,378 crore loss in the same quarter last year. The previous year’s loss was due to a one-time provision of ₹3,540 crore on its Alternate Investment Fund (AIF) book following an RBI directive.

This quarter, a recovery of ₹550 crore from the AIF provision contributed to a ₹376 crore gain in the profit and loss account, as explained by Jairam Sridharan, MD of Piramal Capital & Housing Finance.

Sequential Performance

Compared to Q2FY25, profits declined 76% from ₹163 crore due to higher provisions, which nearly doubled to ₹648 crore during the quarter.

Revenue and Margins

Net interest income (NII) rose by 13% YoY to ₹940 crore from ₹835 crore. Net interest margins (NIMs) improved to 5.7%, up from 4.9% in the same period last year.

Asset Growth and Quality

• Total Assets Under Management (AUM): Grew 16% YoY to ₹78,362 crore.
  • Growth business: Increased 40% YoY to ₹68,009 crore.
  • Legacy business: Rose 45% YoY to ₹10,353 crore.
• Gross Non-Performing Assets (GNPA): Improved to 2.8% from 3.1% in Q2FY25.
• Net NPA: Remained stable at 1.5% sequentially.

Other Key Updates

• Credit Cost: Increased to 1.9% from 1.6% in Q2FY25.
• Deferred Consideration: The company expects to receive $140 million in the next fiscal year from the 2018 divestment of Piramal Imaging.

Merger and Name Change

Following the merger of Piramal Enterprises with Piramal Capital & Housing Finance (PCHFL) in December 2024, the RBI has directed PCHFL to rename itself as Piramal Finance Ltd. The company is in the process of obtaining approvals from the Registrar of Companies and expects to finalise the merger by September 2025.

About Piramal Enterprises Limited

Piramal Enterprises Limited (PEL) is a top non-banking financial company (NBFC) in India. With assets of about $10 billion, it operates through over 400 branches in 26 states and Union Territories. The company offers a variety of financial products and services, including retail and wholesale lending, fund-based platforms, and investments.

Piramal Enterprises share price is trading at ₹930.60, up by ₹16.10 (1.76%) as of January 28, 10:04 AM IST. The stock opened at ₹947.95, reached a high of ₹984.85, and a low of ₹915.95. It has a market cap of ₹20,860 crore, a dividend yield of 1.08%, and its 52-week range is ₹736.60 to ₹1,275.00.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

 

Tata Steel reported a 36.37% year-on-year (YoY) drop in consolidated net profit to ₹326.64 crore for Q3FY25, down from ₹513.37 crore in the same period last year. Consolidated revenue declined by 3.01% YoY to ₹53,648.30 crore. Sequentially, revenue saw a slight dip of 0.48%, while net profit plunged by 60.81%.

Key Challenges Impacting Performance

CEO & MD of Tata Steel, T.V. Narendran, attributed the decline to geopolitical factors and a global economic slowdown. He noted that high steel exports from China, averaging 9 million tonnes per month in 2024, have pressured steel prices worldwide, including in India.

Indian Operations

Deliveries in India rose 8% YoY to 5.29 million tonnes in Q3 and 6% YoY to 15.3 million tonnes in the first nine months of FY25. Revenue from Indian operations stood at ₹32,930 crore, down from ₹35,014 crore last year. Profit after tax (PAT) for India was ₹3,865 crore compared to ₹4,475 crore a year ago.

UK and Netherlands Performance

In the UK, revenue was 523 million pounds, and the EBITDA loss was 67 million pounds. Despite challenges, the EBITDA improved by 115 pounds per tonne quarter-on-quarter (QoQ), aided by cost reductions after shutting heavy-end assets in September 2024.

In the Netherlands, revenue was 1,282 million pounds, with nil EBITDA for the quarter.

Capital Expenditure and Debt Reduction

The company spent ₹3,868 crore on capital expenditure during Q3FY25, bringing the April-December total to ₹12,450 crore. Net debt declined by approximately ₹3,000 crore QoQ to ₹85,800 crore.

Operational Updates

Narendran highlighted progress in Kalinganagar, where a new blast furnace produced 0.56 million tonnes during the quarter and is ramping up production. Additionally, the continuous annealing line (CAL) in the 2.2 million tonnes per annum cold rolling mill complex was commissioned in December and has been approved by major automotive OEMs.

About Tata Steel Limited

Tata Steel Limited, part of the Tata Group, is a multinational steel company from India. It is headquartered in Mumbai, Maharashtra, with main operations in Jamshedpur, Jharkhand.

As of January 28, 2025, at 9:54 AM IST, Tata Steel share price (NSE: TATASTEEL) is trading at ₹127.23, up ₹0.86 (0.68%) for the day. The stock opened at ₹126.37, reached a high of ₹128.63, and a low of ₹124.74 during the session. 

It has a market capitalisation of ₹1.59 lakh crore, a P/E ratio of 54.07, and a dividend yield of 2.83%. The stock’s 52-week high is ₹184.60, while the 52-week low is ₹122.62.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.