Tata Steel Limited · NSE:TATASTEEL
Tata Steel — Q1 FY2027 Earnings Presentation
34 slides from Tata Steel's earnings presentation, Jul 30, 2026
Slide 1: Tata Steel Results Presentation
#Connecting India : Kumar Bhaskar Varma Tata Steel Results Presentation Setu in Assam, an engineering marvel, made July 30, 2026 up of LRPC strand supply from Tata Steel Financial quarter ended 30th June 2026
Slide 2: Safe Harbour Statement
Safe Harbour Statement Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Imp
Slide 3: We are committed to 'Zero Harm'
We are committed to ‘Zero Harm’ Journey towards excellence in Safety & Health of employees1 28% 5 Fatalities2 4 5 6 Holistic measures for a safe and healthier workforce LTIFR* 3 AI-enabled tools & Safety Command Centers Workplace Safety in the last 15 years Real-time 360° situational intelligence an
Slide 4: Improving quality of life of our communities
Improving quality of life of our communities Social capital and scalable change models to enable deep societal impact Rural and Public Health Grassroots Tribal 31 lakh+ Urban Education and Nutrition Sports Identity lives impacted1 95% redressal rate 13,000+ children and 96 youth participated in 1,10
Slide 5: Strategic Update
STRATEGIC UPDATE At Tata Steel Kalinganagar, our state-of-the-art downstream facilities produce value-added steel for next-gen lightweighting & advanced mobility, strengthening product mix and localisation
Slide 6: Focused on creating Sustainable Value
Focused on creating Sustainable Value Leadership in Leadership in India Sustainability Become Leadership in Future Ready Technology & Digital Robust Consolidate position Financial Health as global cost leader 66
Slide 7: Tata Steel is scaling up in India to capitalise on growth opportunity
Tata Steel is scaling up in India to capitalise on growth opportunity Structurally attractive market India steel capacity is poised for the next phase of growth in million tons NINL Phase I 200 in million tons 164 TSK Phase III 91 Doubled India steelmaking capacity 100 TSM Expansion India’s steel de
Slide 8: Volume play: Calibrated and sequenced flats / longs expansion
Volume play : Calibrated and sequenced flats / longs expansion Capacity expansion projects » 0.75 MTPA EAF ramp up in progress Calibrating capacity expansion to evolving market needs » 2.5 MTPA Thin Slab Caster and Rolling facility at TSM Ludhiana (Longs) TSM (Flats) Optionality to pursue flats » 4.
Slide 9: Value play: Investment in downstream to drive sector leading returns
Value play : Investment in downstream to drive sector leading returns Price Ladder Downstream projects Color Coated & Tinplate ▪ 2.2 MTPA CRM complex at Kalinganagar ▪ Color coated business » CAL line of 0.9 MTPA and two CGL lines of » Facilities at Jamshedpur, Khopoli, Angul and ~0.5 MTPA each Sahi
Slide 10: Multi-pronged strategy to enable leadership in chosen segments
Multi-pronged strategy to enable leadership in chosen segments Strategic focus ▪ Supplier of Choice in Auto ▪ Grow in high margin retail » Localisation of advanced grades » Hyperlocal presence 80+ 35 steel processing construction » Industry first services » Early engagement via Aashiyana centers ser
Slide 11: Sustainability is at the core of our strategy
Sustainability is at the core of our strategy Route and pace of decarbonisation being calibrated across geographies Net Zero by Pursuing Multiple Initiatives in India 2045 to achieve ‘Responsible Growth’ Our ESG goals underpin the Strategic Levers Status focus areas » Breakthrough technologies Setti
Slide 12: Progressing towards sustainable steelmaking in UK and Netherlands
Progressing towards sustainable steelmaking in UK and Netherlands In UK, transition to scrap-based EAF steelmaking to reduce Over €300 million spent towards sustainability linked 50 million tons CO2e over a decade initiatives to reduce emissions EAF project update Roadmap Plus EAF project – Transiti
Slide 13: Embracing Digital and Technology to create and unlock value
Embracing Digital and Technology to create and unlock value Smart Manufacturing Enterprise Agility & Cyber-Resilient 1 & Asset Excellence 2 Decision Intelligence 3 Operations 850+ AI models & agents across value chain AI-led remote operations and Single SAP & CFIN backbone Global cyber-resilient bac
Slide 14: Enhancing competitiveness through cost and efficiency programs
Enhancing competitiveness through cost and efficiency programs Benefits from cost optimization initiatives Rs 7,140 crores Target for FY2027 Key Drivers Cost Optimization Operational Excellence » Raw material cost » Production yield & reliability » Procurement cost » Fuel rate optimization Value Enh
Slide 15: Financial Management to enable returns across cycle
Financial Management to enable returns across cycle Total Shareholder Returns1 (%) ▪ India EBITDA of Rs 9,908 crores Tata Steel Nifty 50 Sensex Cash flows ▪ Working capital management 11 22 ▪ Liquidity of Rs 45,950 crores 9 8 Balance sheet 11 11 ▪ Cash & cash eqns. of Rs 13,221 crs. 5 years 10 years
Slide 16: People-Driven Impact: Culture, Capability and Cost Efficiency
People-Driven Impact: Culture, Capability and Cost Efficiency Skilling for impact ▪ Scaling enterprise wise generative AI capabilities to accelerate adoption and enhance value ▪ Capability building in emerging technologies such as Electric Arc Furnace and Green Steel Stronger together as One Tata St
Slide 17: Business Update
BUSINESS UPDATE Tata Steel is strengthening its logistics ecosystem through strategic investments, increased stake in TM International Logistics Ltd, enabling greater efficiencies and cost advantages
Slide 18: Steel spreads were mixed amid price divergence and cost pressures
Steel spreads were mixed amid price divergence and cost pressures Global HRC prices ($/t) Steelmaking raw material ($/t) ▪ During the quarter, Global steel prices diverged across US Domestic Germany domestic 450 Premium Low Vol HCC CFR China key regions 1,400 China export FOB China domestic Premium
Slide 19: India steel demand remained firm while policy reshapes EU and UK
India steel demand remained firm while policy reshapes EU and UK India EU & UK ▪ India apparent steel demand continued to grow, but imports ▪ EU and UK have incorporated tighter safeguard quotas outpaced exports during the quarter effective 01st July 2026 ▪ Govt has initiated anti dumping investigat
Slide 20: 1QFY27 India deliveries rose 9% YoY, inline with production
1QFY27 India deliveries rose 9% YoY, inline with production Tata Steel India deliveries (million tons) End use sectors (million tons) Domestic Exports Auto and Retail : Individual Construction & ancillaries housebuilders Infrastructure 6.2 5.4 5.2 1.5 1.3 1.0 1.3 4.8 1.1 0.9 1.2 1.2 4.9 0.7 4.4 1QFY
Slide 21: Auto: Consolidate market leadership via new downstream facilities
Auto: Consolidate market leadership via new downstream facilities Driving the future of mobility ▪ Value play : Ramp up of new facilities led to ‘best-ever’ 1Q performance 21% YoY growth in hi-end Sales from TSK CAL and CGL auto sales lines 1Q 1Q 1QFY25 1QFY26 1QFY27 FY26 FY27 ▪ New product developm
Slide 22: Enabling next-gen construction solutions and product offerings
Enabling next-gen construction solutions and product offerings Branded presence aided by Reshaping construction practices via advanced ready-to-use solutions omnichannel routes India’s first Superflex weld Deck Slabs Mivan Formwork Create your dream home today mesh line www.Aashiyana.tatasteel.com 3
Slide 23: Engineering & Packaging: Customer and Product expansion
Engineering & Packaging: Customer and Product expansion Enhancing customer centric product development Drums & Barrels Racking Purlins ▪ CRCA with DoS-A oil coating → ▪ High strength CRCA, coated eliminating the need for grades for storage racks and degreasing by customer roofing structures (purlins
Slide 24: Downstream: Best-ever deliveries with enhanced value-added play
Downstream: Best-ever deliveries with enhanced value-added play Tubes Tinplate ➢ Best-ever 1Q overall sales with ➢ Best-ever 1Q Domestic Sales 10% YoY growth with 10% YoY growth ➢ Retail volume growth by ~25% YoY, ➢ PAXEL Oil CAN Sales achieved by leveraging channel expansion best-ever 1Q volumes Wi
Slide 25: Tata Steel Consolidated
Tata Steel Consolidated (All figures are in Rs. Crores Key drivers for QoQ change: 1QFY27 4QFY26 1QFY26 unless stated otherwise) Production (mn tons)1 7.69 8.23 7.33 ▪ Revenues: declined upon seasonal drop in volumes Deliveries (mn tons) 7.27 8.72 7.12 esp. in India, partly offset by higher steel re
Slide 26: Consolidated 1QFY27 EBITDA stood at Rs 9,370 crores
Consolidated 1QFY27 EBITDA stood at Rs 9,370 crores ▪ Market impact relates to higher steel 1,914 realisations across geographies 3,173 1,373 ▪ Volume impact primarily relates to drop - in volumes esp. India & Netherlands 469 ▪ Others relates to higher operating costs 9,953 9,839 9,370 net of cost t
Slide 27: Net debt increased to Rs 84,173 crores
Net debt increased to Rs 84,173 crores 31 443 5,192 97,985 13,221 92,382 591 84,173 Gross Debt Movement in Loan FX Impact Gross Debt Cash, Bank & MTM gain on Net Debt Mar'26 leases movement and Others Jun'26 Current Investments currency hedges Jun'26 1QFY27 Results 2727 Presentation
Slide 28: Key financial credit metrices
Key financial credit metrices EBITDA Margin (%) EBITDA / ton (Rs.) Interest Coverage Ratio (x)1 Gross & Net Debt (Rs crores) 26.2% 21,626 11.7 94,801 92,382 97,985 84,893 87,082 12,898 75,561 15.4% 11,358 10,900 15.0% 5.2 84,173 13.4% 7,962 8,335 5.2 4.9 77,550 82,430 80,144 11.8% 3.5 67,810 10.2% 3
Slide 29: Annexures
Annexures AI-powered SafetyEyeQ is transforming existing CCTV networks into intelligent, real-time monitoring systems enhancing workplace safety across operations
Slide 30: Tata Steel: Key operating parameters
Tata Steel : Key operating parameters India (Standalonea) TSUK TSN Coke Rate (kg/thm) Specific Energy Consumption (GJ/tcs) CO2 Emission Intensity (tCO2/tcs) Good Good Good 2.7 366 2.5 2.5 2.4 2.4 356 354 25.5 24.7 348 24.5 2.2 24.0 2.2 23.6 23.3 23.1 340 339 337 20.9 1.8 1.8 1.8 19.5 1.7 1.7 18.8 18
Slide 31: Tata Steel Standalone
Tata Steel Standalone (All figures are in Rs. Crores Key drivers for QoQ change: 1QFY27 4QFY26 1QFY26 unless stated otherwise) Production (mn tons) 5.46 5.97 5.06 ▪ Revenues: declined upon seasonal drop in volumes Deliveries (mn tons) 5.17 6.19 4.75 partly offset by higher steel realisations (+Rs 5,
Slide 32: Tata Steel Netherlands
Tata Steel Netherlands (All figures are in Rs. Crores Key drivers for QoQ change: 1QFY27 4QFY26 1QFY26 unless stated otherwise) Liquid Steel production (mn tons) 1.55 1.63 1.70 ▪ Revenues: declined due to drop in volumes but were partly offset by higher realisations Deliveries (mn tons) 1.40 1.70 1.
Slide 33: Tata Steel UK
Tata Steel UK (All figures are in Rs. Crores Key drivers for QoQ change: 1QFY27 4QFY26 1QFY26 unless stated otherwise) Liquid Steel production (mn tons) - - - ▪ Revenues: rose 6% QoQ basis primarily driven by higher steel realisations despite drop in volumes Deliveries (mn tons) 0.48 0.52 0.60 Total
Slide 34: Tata Steel Investor Relations
Tata Steel Investor Relations Investor enquiries ir@tatasteel.com