Tata Steel Q1 2024-25 results: Net profit rises 75.01%, revenue down 7.93%

News Bureau July31,2024

Tata Steel Ltd released its first-quarter results for FY 2024-25 on Wednesday, July 31, 2024. The company recorded a 75.01% rise in consolidated net profit, reaching ₹918.57 crore, up by ₹393.72 crore from ₹524.85 crore in Q1 2023-24. However, revenue fell by 7.93%, or ₹4,718.27 crore, to ₹54,771.39 crore from ₹59,489.66 crore previously. Tata Steel shares closed at ₹165.35 on the Bombay Stock Exchange (BSE), gaining 0.79% or 1.30 points from the previous close

In a rapidly growing economy when customers are getting more quality conscious and demanding every day, Tata Steel makes sure that it keeps renewing its product range with customised developments and innovations to suit specific requirements. The Company manufactures and processes steel for a wide range of customers across the Consumer Goods sector worldwide. These include domestic appliances, manufactured goods, packaging and many other applications.

These products are primarily used in white goods, lighting, furniture, office equipment, and IT hardware. Customers in this sector want a variety of quality products – often customised to suit their specifications – reliability and flexibility in supply and service; innovation, and technical support to provide them with differentiation and competitive advantage. To cater to this, Tata Steel has organised its product and service offerings to be market focused and reflect specific market needs. 

Tata Steel, with an annual crude steel capacity of 35 million tonnes per annum (MnTPA), is one of the world’s most geographically diversified steel producers. We are one of the few steel operations that are fully integrated – from mining to the manufacturing and marketing of finished products.

Tata Steel was established in India as Asia’s first integrated private steel company in 1907. With this, we also developed India’s first industrial city at Jamshedpur. Today, we are among the leading global steel companies. Our annual crude steel capacity across Indian operations is nearly 20 MnTPA and we registered a turnover of INR 1,37,030 crore in FY23. We also set up our second greenfield steel plant of 3 MnTPA in the eastern state of Odisha in 2016; the expansion to 8 MnTPA in currently underway. We possess and operate captive mines that help us maintain cost- competitiveness and production efficiencies through an uninterrupted supply of raw material. This is how we ensure that we remain the lowest cost producer of steel in Asia.

The Indian product portfolio is divided into four segments – Automotive and Special Products; Industrial Products, Projects and Exports; Branded Products and Retail; and Services and Solutions. The Company supplies hot-rolled, cold-rolled, galvanised, branded solution offerings and more.

TATASTEEL Share Price Target 2025

The share price of TATASTEEL is expected to reach a value of Rs. 271 by January 2025. If the Macro and Micro economic factors along with the industry trend support, we might see the target price of Tata Steel Ltd reach Rs 305 by December 2025.

Summary of TATASTEEL Share Price Forecast for 2025

• The initial price target for Tata Steel Ltd in 2025 is projected to be ₹271.
• With favorable market conditions, the mid-year price target for Tata Steel Ltd could reach ₹255.
• By the end of 2025, the price target for Tata Steel Ltd is expected to potentially reach ₹305, considering bullish market trends.