Tata Steel's FY25 revenue at Rs 2,185 billion declined by 5% YoY due to lower steel prices at across regions, partially supported by strong deliveries. (Photo Source: Company website).
Tata Steel’s Q4 FY25 consolidated Ebitda of Rs 66 billion (-0.6%/+11.1% YoY/QoQ) was 7% above our estimate. Ebitda margin for the quarter was 11.7%, compared to 11.0%/11.2% in 3QFY25/4QFY24. Standalone operations posted Ebitda of Rs 70 billion (-13.5%/-6.9% YoY/QoQ) during the quarter.