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

Mumbai, July 06, 2024

                                                                                                                              All Figures are in million tons

Notes: 1. Production Numbers: India – Crude Steel Production; UK & Netherlands – Liquid Steel Production; Tata Steel Thailand – Saleable Steel Production. 2. India includes Tata Steel Standalone and Neelachal Ispat Nigam Ltd on proforma basis. 3. Deliveries are prior intercompany eliminations.

• In 1QFY2025, Tata Steel India crude steel production stood at 5.25 million tons and was up 5% on YoY basis. Production was lower QoQ due to planned maintenance shutdowns. India deliveries stood at 4.94 million tons and were the ‘best ever 1Q’ sales. Deliveries were up 3% on YoY basis driven by rise in domestic deliveries.
• Key segment highlights of domestic deliveries are:
  • Automotive & Special Products’ segment deliveries increased by 14% YoY to ~0.8 million tons. Volumes have been aided by higher than market growth in select sub segments, such as passenger vehicles and commercial vehicles, leading to ‘best ever 1Q’ sales.

• ‘Branded Products & Retail’ segment deliveries increased by 6% YoY to ~1.7 million tons, primarily driven by well-established brands. Tata Tiscon deliveries were up 15% YoY leading to best ever quarterly sales while Tata Astrum and Tata Steelium had ‘best ever 1Q’ sales.
  • ‘Industrial Products & Projects’ segment deliveries were ~1.8 million tons, with sub segment engineering registering best ever quarterly sales.
  • Revenues from Tata Steel Aashiyana, an e-commerce platform for Individual Home Builders, at Rs. 644 crores were the ‘best ever 1Q’ figures and were up 73% on YoY basis aided by ~50% growth in unique customer base.
• Tata Steel Netherlands liquid steel production stood at 1.72 million tons and was up on YoY as well as QoQ basis upon return to normal operating levels. Deliveries were at 1.52 million tons, up 11% YoY and 6% QoQ aided by improved production.
• Tata Steel UK liquid steel production was 0.68 million tons while deliveries stood at 0.69 million tons. Operations have been ceased at Blast Furnace 5 at Port Talbot where the last liquid iron was produced on 4^th July, and it is being safely decommissioned.