Tata Steel Ltd 144A (TATLY) Q4 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, good day and welcome to the Catastyle 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. Good afternoon, everyone, on this Saturday afternoon. And welcome to our call to discuss our results for the fourth quarter and the full year financial year FY26. We have with us Mr. Narendran, our CEO and Managing Director, and Mr. Chatterjee, our Executive Director and CFO. They will make a few opening comments, and then we will take any questions you may have. As always, the discussion will be covered by the Safe Harbor Clause on the first page of our presentation. I hope you had a chance to go to the presentation. It was uploaded on our website yesterday. So with that, I will request Narendran to make a few opening comments. Thank you. Thanks, Samita, and hello, everyone. A few comments before I hand over to Kaushik. Tata Steel delivered a strong performance in FY26 with improved margins, expanding across operating geographies despite subdued pricing and challenges during the year. The performance is a cumulative impact of multiple decisions and disciplined execution over the last few years and positions as well for the next phase of growth and value creation. India for us is a key anchor of our growth strategy, with annual crude steel production and deliveries increasing 8% year-on-year to around 23 million tonnes, and the successful ramp-up of the 5 million tonnes per annum expansion at Kalinga Nagar, alongside the commissioning of the downstream facilities, reflects a value-led growth strategy for India. This is supported by a strong marke...