Tata Steel Ltd 144A (TATLY) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good day and welcome to the Tata Steel Analyst Call. Please note that this meeting is being recorded. All the attendees audio and video has been disabled from the back end and will be enabled subsequently. I would now like to hand the conference over to Ms. Samita Shah. Thank you and over to you ma'am. Thank you, Kinchuk. Good afternoon, everyone joining us in India and from the Far East. And good morning to all of you who are joining us from the West. On behalf of Tata Steel, welcome to this call to discuss our results for the second quarter of FY26. We published our results yesterday and there is also a detailed presentation on our website, which you can refer to if you haven't done already. As always, we will be guided. This entire call will be governed by the disclosure clause on page two of the presentation. To help you understand the results better, we have with us Mr. T.V. Narendran, CEO and Managing Director, Tata Steel, and Mr. Kaushik Chatterjee, Executive Director and CFO, Tata Steel. They will make a few opening comments, and we will then open the floor for questions. Thank you again, and I will request Narendra to make his comments, please. You're on mute, Naree. For that, thanks, Samhita, and hello, everyone. As Samhita mentioned, I'll make a few comments and then hand over to Kaushik, and then we'll do the Q&A. The global dynamics continues to be shaped by tariffs, geopolitical tensions and elevated steel exports. And Chinese steel exports are expected to cross 100 million tons again this year. And this obviously has an impact on pricing across the world. And amidst this, Tata Steel has delivered strong improvement quarter on quarter and year on year basis. I would now like to make a few comments on the performance in geography. In India, crude steel p...