The earnings call highlighted strong cost transformations and successful product launches, particularly in India, but also noted significant challenges in the UK and European markets due to import pressures and subdued demand. While there are positive developments in product innovation and cost management, the market volatility and expected decline in net realizations in the coming quarter temper the overall outlook.

Company Guidance -

Q2 2026

During the Tata Steel Analyst Call discussing the first quarter of fiscal year 2026, several performance metrics were highlighted. The company's crude steel production in India was 5.24 million tonnes, with deliveries at 4.75 million tonnes, reflecting a 4% quarter-on-quarter decline due to seasonality and maintenance shutdowns. Despite this, Tata Steel achieved an EBITDA margin of around 24%, which aligns with its 10-year average, and recorded consolidated revenues of INR 53,178 crores with an EBITDA of INR 7,480 crores, marking an 11% increase quarter-on-quarter. Notably, the company observed a per tonne EBITDA improvement of INR 2,400. In Europe, the Netherlands operations reported liquid steel production of 1.7 million tonnes, and the U.K. operations saw deliveries of approximately 0.6 million tonnes. Additionally, Tata Steel's retail business demonstrated robust performance, with a gross merchandise value of INR 1,350 crores in Q1, representing a 39% year-on-year increase. The company also highlighted a cost transformation initiative that achieved an improvement of about INR 2,900 crores across geographies, with India contributing INR 1,100 crores, Netherlands INR 1,400 crores, and the U.K. INR 400 crores.

Strong EBITDA Margin in India

Tata Steel India delivered an EBITDA margin of around 24%, close to the 10-year average, driven by planned cost takeouts and higher net realizations, despite the early onset of monsoons.

Successful Product Launches

Launched Tata Tiscon SDCR, a super ductile corrosion-resistant steel, to meet demand in coastal areas. The retail business is growing systematically, with e-commerce platforms witnessing a gross merchandise value of about INR 1,350 crores in Q1, up 39% year-on-year.

Netherlands and UK Cost Transformation

Achieved cross-geography cost improvements with Netherlands at INR 1,400 crores and the UK at INR 400 crores, focusing on supply chain, spares, maintenance, raw material efficiency, and fixed cost optimization.

Kalinganagar and New Product Approvals

Kalinganagar ramp-up is on track with successful grade approvals for high strength and ultra-high-strength steels. The first coil from the new continuous galvanizing line was produced in June.

Tata Steel Limited (IN:TATASTEEL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

IN:TATASTEEL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2026 (Q2)	3.04 / -	0.655	―	―	―
Jul 30, 2025	2026 (Q1)	1.79 / 1.66	0.77	115.45% (+0.89)	―	―
May 12, 2025	2025 (Q4)	0.78 / 0.73	0.966	-24.53% (-0.24)	―	―
Jan 27, 2025	2025 (Q3)	-0.28 / 0.16	0.689	-76.78% (-0.53)	―	―
Nov 06, 2024	2025 (Q2)	0.72 / 0.66	-5.07	112.92% (+5.73)	―	―
Jul 31, 2024	2025 (Q1)	1.21 / 0.77	0.5	54.00% (+0.27)	―	―
May 29, 2024	2024 (Q4)	3.29 / 0.97	1.4	-31.00% (-0.43)	―	―
Jan 24, 2024	2024 (Q3)	0.20 / 0.69	-2	134.45% (+2.69)	―	―
Nov 01, 2023	2024 (Q2)	0.73 / -5.07	1.24	-508.87% (-6.31)	―	―
Jul 24, 2023	2024 (Q1)	0.82 / 0.50	6.357	-92.13% (-5.86)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

IN:TATASTEEL Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 30, 2025	₹161.70	₹161.35	-0.22%
May 12, 2025	₹139.50	₹148.10	+6.16%
Jan 27, 2025	₹127.04	₹123.52	-2.77%
Nov 06, 2024	₹148.83	₹150.10	+0.85%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does Tata Steel Limited (IN:TATASTEEL) report earnings?

Tata Steel Limited (IN:TATASTEEL) is schdueled to report earning on Nov 06, 2025, Before Open (Confirmed).

What is Tata Steel Limited (IN:TATASTEEL) earnings time?

Tata Steel Limited (IN:TATASTEEL) earnings time is at Nov 06, 2025, Before Open (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is the P/E ratio of Tata Steel Limited stock?

The P/E ratio of Tata Steel Limited is N/A.

What is IN:TATASTEEL EPS forecast?

IN:TATASTEEL EPS forecast for the fiscal quarter 2026 (Q2) is 3.04.

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