Shares of Tata Steel rebounded after dipping nearly 2% as the company released its quarterly and half-yearly business report on Monday.

What Happened: Tata Steel India crude steel production stood at 5.27 million tons in the second quarter of FY25, rising 5% from the same period a year ago.

During the half year, crude steel production went up 5% year on year to 10.53 million tons. Deliveries rose around 5.8% to 5.10 million tons, of which, domestic deliveries stood at around 4.9 million tons, the company said. For the first half of the year, deliveries increased by 45% to 10.04 million tons.

Tata Steel Netherlands’ liquid steel production reached 1.68 million tons, clocking a year-on-year increase and remaining relatively stable on a quarter-on-quarter basis. Deliveries totalled 1.57 million tons. Tata Steel UK’s liquid steel production came in at 0.38 million tons, with deliveries totalling around 0.64 million tons.

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For the half year, deliveries remained stable year-on-year at around 3.6 million tons.

In the automotive and special products vertical, deliveries for the quarter were slightly lower compared to the previous year. During the half year, deliveries in the segment remained relatively stable from a year ago at around 1.6 million tons.

The branded products and retail vertical saw a 3% increase in deliveries for the quarter. Tata Tiscon deliveries rose 20% year-on-year, resulting in the “best ever 2Q sales,” the company said in its statement.

For the half-year period, deliveries increased 4%, reaching 3.3 million tons. In the industrial products and projects segment, quarterly deliveries also grew 4%.

In September 2024, Tata Steel India commissioned India's largest blast furnace at Kalinganagar. With this, the company expects India’s crude steel capacity to increase to 26.6 million tons per annum.

Price Action: Tata Steel’s share prices were trading flat at 165.50 on Monday morning.

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