Tata Steel Ltd — Q1FY27 earnings call summary

Filed 06 August 2026 · Official transcript

Board approved 4.8 MTPA NINL expansion with Rs 33,873 Cr capex; commissioning expected in 48 months
Multiple analyst queries on European market pricing and regulatory challenges; management expects phased price recovery and ongoing regulatory engagement
Tata Steel reported resilient 1QFY27 with consolidated revenue Rs 60,794 Cr and EBITDA Rs 9,370 Cr, 15% margin
India crude steel production 5.76 MT; EBITDA margin 27%, above 10-year average; automotive & speciality volumes up 21% YoY
UK EBITDA losses narrowed to -£27M; tariff quota changes support price recovery; Port Talbot fire impact ~£5M EBITDA
Netherlands impacted by Direct Sheet Plant shutdown; EBITDA €4M; plant restart trial approved
Net debt Rs 84,000 Cr; net debt/EBITDA 2.3x; group liquidity Rs 45,950 Cr including Rs 13,221 Cr cash