{"id":131748,"date":"2022-07-27T10:56:43","date_gmt":"2022-07-27T14:56:43","guid":{"rendered":"https:\/\/44.250.171.167\/?p=131748"},"modified":"2022-10-06T04:30:59","modified_gmt":"2022-10-06T08:30:59","slug":"tata-steel-ltd-q1-fy23-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-q1-fy23-earnings-conference-call-insights\/","title":{"rendered":"Tata Steel Ltd Q1 FY23 Earnings Conference Call Insights"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"Tata Steel Limited Q1 FY23 Earnings Concall\" width=\"500\" height=\"375\" src=\"https:\/\/www.youtube.com\/embed\/58pfAFoFZvY?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<p><strong>Key highlights from Tata Steel Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/TATASTEEL\/\">TATASTEEL<\/a>) Q1 FY23 Earnings Concall<\/strong><\/p>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Satyadeep Jain from AMBIT Capital asked about the energy cost inflation in Netherlands and UK over the next few quarters. TV Narendran CEO said that the overall energy inflation is a concern. TATASTEEL has been insulated from the volatility as it hedge 75% of its exposure. Going forward, TATASTEEL expects things to settle a bit.<\/li>\n<\/ul>\n<ul>\n<li>Satyadeep Jain from AMBIT Capital enquired about where Tata Steel Europe stand on the European cost curve now vs. a few years ago. TV Narendran CEO replied that on cost position, the company would separate out The Netherlands and the UK. There is product enrichment also going on to supplement competitive cost position in Europe.<\/li>\n<\/ul>\n<ul>\n<li>Vishal Chandak of Motilal Oswal asked about contract repricing, and the sustainable number for TATASTEEL Europe. TV Narendran CEO replied The Netherlands business has always been EBITDA positive. The UK business was fragile, which is now only 10% of operations from 40% sometime back. Going forward, TATASTEEL expects to see better performance than in the past.<\/li>\n<\/ul>\n<ul>\n<li>Anuj Singla with Bank of America enquired about TATASTEEL\u2019s energy security in the 2H and if the company has visibility that it will be able to operate U.K. and Netherlands at optimal utilization levels. TV Narendran CEO replied that in UK, the issue is not that much. TATASTEEL Netherlands has done its planning, so there is no impact on operations.<\/li>\n<\/ul>\n<ul>\n<li>Anuj Singla with Bank of America asked about India steel pricing outlook. TV Narendran CEO replied that it\u2019s close to the bottom and the company is seeing things changing.<\/li>\n<\/ul>\n<ul>\n<li>Pinakin Parekh from JPMorgan asked about the expected steel price and coking coal changes in the second quarter in India and Europe. TV Narendran CEO answered that on steel price, it will be lower. In India coal will a $40 reduction in consumption cost. In Europe, TATASTEEL won\u2019t see a reduction in coal cost. \u00a0There will be margin compression in 2Q. But there will be volume expansion.<\/li>\n<\/ul>\n<ul>\n<li>Ashish Kejriwal with Centrum asked about the realization increase of INR8,500 per tonne, if it includes auto contracts also in India. TV Narendran CEO clarified that not all the benefit has come through because the contracts are still not fully concluded because TATASTEEL is discussing Q1 and Q2.<\/li>\n<\/ul>\n<ul>\n<li>Ashish Kejriwal with Centrum also asked about the June exit price vs. 1Q average for India. TV Narendran CEO answered that June exit price is about INR15,000 below the April 1 price. That&#8217;s been the swing in the domestic market during the quarter.<\/li>\n<\/ul>\n<ul>\n<li>Ritesh Shah of Investec asked about the BSPS scheme and the impact of it on the cash flows. Samita Shah VP said there&#8217;s really no cash impact because the insurer has taken over the assets as well as the liabilities, that portion of the assets in the liability. It&#8217;s more of managing the fund and managing the risk of the fund.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from Tata Steel Ltd (TATASTEEL) Q1 FY23 Earnings Concall Q&amp;A Highlights: Satyadeep Jain from AMBIT Capital asked about the energy cost inflation in Netherlands and UK over the next few quarters. TV Narendran CEO said that the overall energy inflation is a concern. TATASTEEL has been insulated from the volatility as it hedge [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":125416,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"Tata Steel Ltd Q1 FY23 Earnings Conference Call Insights #TATASTEEL #TATASTEELQ1 #FY23 #concall #concalls","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,5753],"tags":[9010],"class_list":["post-131748","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-industrials","tag-steel-producer"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":140513,"url":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-q3-fy23-earnings-conference-call-insights\/","url_meta":{"origin":131748,"position":0},"title":"Tata Steel Ltd Q3 FY23 Earnings Conference Call Insights","author":"Praveen","date":"February 8, 2023","format":false,"excerpt":"Key highlights from Tata Steel Ltd (TATASTEEL) Q3 FY23 Earnings Concall Management Update: [00:02:28] TATASTEEL said that Tata Tiscon, a retail product, achieved record sales in 3Q23, and is expanding its reach through physical dealers and an e-commerce platform. Q&A Highlights: [00:15:36] Pinakin Parekh of JPMorgan enquired why the profitability\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128279,"url":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":131748,"position":1},"title":"Tata Steel Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"March 16, 2022","format":false,"excerpt":"https:\/\/youtu.be\/vVh44irmOo0 Key highlights from Tata Steel Ltd (TATASTEEL) Q3 FY22 Earnings Concall Q&A Highlights: Amit Dixit of Edelweiss asked that in the long to medium term, what kind of sustainable EBITDA per tonne the company is looking from NINL and the reason for the seemingly aggressive bidding. T V Narendran\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Tata-SteelQ322.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Tata-SteelQ322.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Tata-SteelQ322.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Tata-SteelQ322.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2022\/02\/Tata-SteelQ322.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":132744,"url":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-tatasteel-q1-fy23-earnings-concall-transcript\/","url_meta":{"origin":131748,"position":2},"title":"Tata Steel Ltd (TATASTEEL) Q1 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"July 29, 2022","format":false,"excerpt":"Tata Steel Ltd (NSE:TATASTEEL) Q1 FY23 Earnings Concall dated Jul. 26, 2022 Corporate Participants: Samita Shah -- Vice President of Corporate Finance, Treasury and Risk Management Thachat Viswanath Narendran -- Chief Executive Officer, MD and Executive Director Hriday Nair -- Chief of Corporate Finance and Investor Relations Analysts: Satyadeep Jain\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":123732,"url":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-tatasteel-q4-fy21-earnings-concall\/","url_meta":{"origin":131748,"position":3},"title":"Tata Steel Ltd (TATASTEEL) Q4 FY21 Earnings Concall","author":"Sahil_Anand","date":"May 6, 2021","format":false,"excerpt":"Tata Steel Ltd (NSE:TATASTEEL) Q4 FY21 earnings concall dated May 06, 2021","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/06\/Tata-Steel-Limited-Q4-2021-Earnings-Call.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":127345,"url":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-tatasteel-q3-fy22-earnings-concall-transcript\/","url_meta":{"origin":131748,"position":4},"title":"Tata Steel Ltd (TATASTEEL) Q3 FY22 Earnings Call Transcript","author":"Nishad","date":"February 7, 2022","format":false,"excerpt":"Tata Steel Ltd\u00a0 (NSE: TATASTEEL) Q3\u00a02022 Earnings Conference Call Feb. 07, 2022, Corporate Participants: Samita Shah -- Vice President, Corporate Finance, Treasury and Risk Management T. V. Narendran -- Chief Executive Officer and Managing Director Koushik Chatterjee -- Chief Financial Officer and Executive Director Analysts: Satyadeep Jain -- AMBIT --\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":140474,"url":"https:\/\/alphastreet.com\/india\/tata-steel-ltd-tatasteel-q3-fy23-earnings-concall-transcript\/","url_meta":{"origin":131748,"position":5},"title":"Tata Steel Ltd (TATASTEEL) Q3 FY23 Earnings Concall Transcript","author":"IRS_INDIA","date":"February 7, 2023","format":false,"excerpt":"Tata Steel Ltd (NSE: TATASTEEL) Q3 FY23 Earnings Concall dated Feb. 07, 2023 Corporate Participants: Samita Shah\u00a0--\u00a0Vice President, Corporate Finance, Treasury and Risk Management T V Narendran\u00a0--\u00a0Chief Executive Officer and Managing Director Koushik Chatterjee\u00a0--\u00a0Executive Director and Chief Financial Officer Analysts: Pinakin Parekh\u00a0--\u00a0JPMorgan -- Analyst Amit Dixit\u00a0--\u00a0ICICI Securities -- Analyst Indrajit\u2026","rel":"","context":"In &quot;Earnings Call Transcripts&quot;","block_context":{"text":"Earnings Call Transcripts","link":"https:\/\/alphastreet.com\/india\/category\/transcripts\/"},"img":{"alt_text":"Earnings Conference Call Transcript","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/09\/Transcript-thumbnail-e1657213425955.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131748","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1767"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=131748"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/131748\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/125416"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=131748"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=131748"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=131748"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}