Tata Steel Q3 Results 2025 Live Updates: Tata Steel is scheduled to report its Q3 results today. Tata Steel board will meet and approve financial results for the third quarter of FY25 today, January 27. Tata Steel Q3 results are expected to be weak, with the Tata Group company estimated to slip into losses in the quarter ended December 2024 due to lower sales realisation in India and Europe. Analysts expect Tata Steel’s revenue in Q3FY25 to fall 2% sequentially and around 5% year-on-year (YoY). At the operating level, while EBITDA is expected to fall by 25%, the company’s India’s EBITDA per ton is also expected to drop due to lower steel price realisation. Europe’s EBITDA per ton loss is likely to narrow. Stay tuned to Tata Steel Q3 Results 2025 Live Blog for the latest updates.
Tata Steel Q3 Results Live: Steel prices struggle across geographies
According to Elara Capital, China’s hot-rolled coil (HRC) export prices remained stable in December after experiencing a ~6% decline in November. The Chinese steel market is grappling with challenges stemming from decreasing finished steel demand and an uncertain future, particularly as the Lunar New Year holidays approach. This situation has affected global steel prices, with North Europe, Japan, and the US seeing drops of about ~1% MoM, ~2% MoM, and ~5% MoM, respectively.
In India, both primary long product prices and HRC prices fell by approximately ~3% MoM. The decrease in long product prices was attributed to weak demand and liquidity issues, while flat steel prices faced downward pressure from cheap imports and cautious buying behavior. So far in January, HRC and primary long product prices have both dipped about ~1% compared to December averages. Interestingly, iron ore prices in China and Australia actually rose, with increases of ~1% and ~2% MoM, respectively, in December.
Tata Steel Q3 Results Live: All you need to know about dividend
As per data from trendlyne.com, Tata Steel has announced 30 dividends since May 24, 2001. Over the last year, Tata Steel Ltd. has declared an equity dividend totaling ₹3.60 per share. With the current share price at ₹126.5500, Tata Steel Ltd.’s dividend yield stands at 2.84%.
Tata Steel Q3 Results Live: Here’s what ICICI Securities says about the Q3 earnings of the Tata Group co
Loss at Tata Steel Europe could narrow to USD 55 (Q2FY25: USD 77 loss) mainly as loss at TS-UK is likely to halve. However, non-cash impact of forex translation needs to be seen.
Tata Steel Q3 Results Live: China steel price trend upward post stimulus announcement
China domestic HRC prices witnessed growth by ~4% QoQ in 3Q to USD485/t in anticipation of increased steel demand post the China stimulus announcement. Chinese rebar prices too witnessed growth by ~3% QoQ in 3Q to USD508/t after witnessing a fall in 2Q due to subdued China demand. China’s steel exports moderated to 9.3mn tonnes in Nov’24 (down ~17%MoM), according to reports.
Tata Steel Q3 Results Live: Indian steel players likely to witness mixed trend in margins
Indian steel markets witnessed a divergent price trend with long products prices moving up by ~INR1k/t while flat product prices declined by ~INR2.5k/t. NMDC announced price hike twice in fines by INR400/t each in 3Q. Steel companies guided for a ~USD20-25/t decline in coking coal consumption cost for 3QFY25, according to JM Financial brokerage.
Tata Steel Q3 Results Live: Stock Check
Tata Steel share price today ended 2.77% lower at ₹126.40 apiece on BSE.
Tata Steel Q3 Results Live: Global steel making witness mix trends in 3Q:
Coking coal prices witnessed marginal decline to USD203/t (down by USD8/t QoQ) given stable weather conditions in Australia and reduced risk of supply disruptions with spot prices at USD197/t. China iron ore CFR price witnessed marginal growth by ~2% QoQ to USD95/t. In tandem with rising global iron ore prices, NMDC also increased its prices twice by ₹400/t each in Oct’24, according to JM Financial report.
Tata Steel Q3 Results Live: Q3 Results Preview
According to Nuvama, Standalone EBITDA/t is expected to decline by ₹1,760 QoQ to ₹11,375 owing to decrease in blended realisation (down ₹2,500/t QoQ; higher than normal due to lower auto contract price for H2FY25), partially offset by lower coking coal price (down USD20/t QoQ). Tata Steel Europe’s losses are expected to decrease (EBITDA of -USD58/t compared with -USD75/t in Q2FY25) owing to lower RM cost and fixed cost at UK, partially offset by decrease in steel prices in Netherlands. The Netherlands operations are expected to report an EBITDA loss while UK losses are likely to decrease QoQ.
Tata Steel Q3 Results Live: Nuvama expects Q3 to be a mixed bag for Steel cos
“We expect Q3FY25E Ferrous profitability to be a mixed bag with EBITDA/t ranging from +INR1,100/t to -INR1,800/t QoQ. We observe an average QoQ increase of INR600–700/t in longs prices and a drop in flats of INR2,400–2,500/t QoQ. During Q3FY25, while coking coal cost dipped USD20–25/t QoQ, iron ore cost rose INR300–400/t QoQ,” the brokerage said.
Tata Steel Q3 Results Live: Steel Sector Outlook
According to Axis Securities, China’s steel demand uncertainty continues to linger despite stimulus measures announced in Sep’24. Its property sector showed some signs of improvement with transactions rising in major cities. However, the 3-MMA YoY YTD floor space started continues to remain in negative territory and has declined by 19% in Sept’24. China’s Jan-Nov’24 crude steel production stood at 929 MT down 2.7% YoY. Despite the drop in production, exports remained high over the same period at 101 MT, up 21% YoY, indicating domestic demand weakness.
Tata Steel Q3 Results Live: Q3 FY25 Earnings Preview
“ We expect consolidated revenues to fall by 3% QoQ and c.5.5% YoY at ₹522.6b led by falling realizations. We expect TATA to report an EBITDA of c.Rs54.8b with EBITDA margins of 10.5% on a consolidated basis led by reducing realizations being partially offset with higher volumes and savings on coking coal costs vs Q2FY25,” said YES Securities.
Tata Steel Q3 Results Live: Stock Check
At 13:19 IST, Tata Steel share price was trading 1.15% lower at ₹128.55 apiece on BSE.
Tata Steel Q3 Results Live: Indian steel producers have been facing considerable challenges
Indian steel producers have been facing significant challenges since the beginning of FY25, primarily due to a consistent decline in global steel prices. According to a report by Yes Securities, the average price of steel in China fell from approximately $524 per ton in Q1 FY25 to around $470 per ton in Q2 FY25. During Q3 FY25, prices have remained range-bound between $480 and $500 per ton.
This pressure on steel prices has adversely affected the earnings of producers in the sector. However, there is a silver lining; the volatility in coking coal prices appears to have stabilized. This stabilization is expected to provide some relief to steel manufacturers and may positively impact their performance in Q3 FY25.
Tata Steel Q3 Results Live: Here’s what Osho Krishan of Angel One says about the Tata Group stock
Tata Steel is presently at a pivotal stage, positioned right at the breakout neckline on a broader time frame. While the stock is technically in a corrective phase, it is encountering difficulties in surpassing its short-term moving averages. This struggle indicates a lack of upward momentum. Until it breaks through these moving averages, the general outlook for the stock remains bearish, leaning towards a sideways trend in the market.
On the levels front, 122-118 is likely to act as near-term support, while a sturdy hurdle is placed around the 136-140 zone, and a deceive breakthrough could only portray a counter-trend in the stock price.
Tata Steel Q3 Results Live: Check out Axis Securities views on Q3 earnings
Provisional sales volume at India stood at 5.29 MT (up 8.4%/3.5%YoY/QoQ) and at Europe at 2.09 MT (up 7.7%, down 1.9% QoQ). The brokerage expect consolidated revenue to decline YoY/QoQ led by lower steel price realization in India and Europe, partially offset by our higher steel sales volumes estimate.
“We expect EBITDA to decline by ~23% YoY/QoQ each due to lower sales realisation in India and Europe, which offsets benefit from lower coking coal costs and higher sales volumes,” the brokerage said.
Tata Steel Q3 Results Live: Stock Check
Tata Steel share price was down nearly 2% ahead of its Q3 results. Riyank Arora, Technical Analyst, Mehta Equities Ltd stated that Tata Steel stock has touched its major anchor vwap support mark of 128 and seen to be rebounding from those levels. A strict stoploss can be kept here at 125 and longs can be initiated for upside move towards 132-133 as some bit of recovery is expected in the metal sector from lower levels.
Tata Steel Q3 Results Live: Here’s all you need to know about Q2 earnings of the Tata Group company
Tata Steel Ltd showed a significant turnaround in its financials for the quarter ending September 2024, reporting a net profit of ₹833 crore. This stands in stark contrast to the loss of ₹6,196 crore reported during the same quarter last year. However, the company did experience a 3% decline in revenue from operations, which totaled ₹53,905 crore this quarter.
The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for the period was recorded at ₹6,141 crore, giving the company an EBITDA margin of 11.4%.
Tata Steel Q3 Results Live: Tata Group company to announce Q3 results today
Tata Steel Q3 Results Live: Tata Steel is scheduled to report its Q3 results today. Tata Steel board will meet and approve financial results for the third quarter of FY25 today, January 27.
Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decision.
