{"id":169645,"date":"2025-08-01T02:11:43","date_gmt":"2025-08-01T06:11:43","guid":{"rendered":"https:\/\/44.250.171.167\/?p=169645"},"modified":"2025-08-01T02:11:43","modified_gmt":"2025-08-01T06:11:43","slug":"tata-steel-q1-fy26-results-analysis-navigating-the-green-transition","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/tata-steel-q1-fy26-results-analysis-navigating-the-green-transition\/","title":{"rendered":"Tata Steel Q1 FY26 Results Analysis &#8211; Navigating the Green Transition"},"content":{"rendered":"<h2><strong>Executive Summary<\/strong><\/h2>\n<p class=\"ds-markdown-paragraph\">Tata Steel delivered a bifurcated Q1 FY26 performance, with resilient India operations (65% of group&#8217;s\u00a0 EBITDA) offsetting continued European struggles. While consolidated revenues declined 5% QoQ to \u20b953,178 crore due to blast furnace maintenance, EBITDA\/ton improved sharply to \u20b910,470 (up 34% QoQ) through cost optimization. The company remains on track with its dual strategy of capacity expansion in India (targeting 40 MTPA) and green steel transition in Europe (EAF conversion).<\/p>\n<p>&nbsp;<\/p>\n<p><iframe loading=\"lazy\" title=\"YouTube video player\" src=\"https:\/\/www.youtube.com\/embed\/Wl7PzyVwFkg?si=ZmDkLjNn-EB2XezO\" width=\"560\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Key Financial Highlights of Q1 FY26 Results<\/strong><\/h3>\n<div class=\"markdown-table-wrapper\">\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Q1 FY26<\/th>\n<th>QoQ Change<\/th>\n<th>YoY Change<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Revenue<\/td>\n<td>\u20b953,178 cr<\/td>\n<td>-5%<\/td>\n<td>-12%<\/td>\n<\/tr>\n<tr>\n<td>EBITDA<\/td>\n<td>\u20b97,456 cr<\/td>\n<td>+15%<\/td>\n<td>+22%<\/td>\n<\/tr>\n<tr>\n<td>EBITDA\/ton<\/td>\n<td>\u20b910,470<\/td>\n<td>+34%<\/td>\n<td>+18%<\/td>\n<\/tr>\n<tr>\n<td>Net Profit<\/td>\n<td>\u20b92,007 cr<\/td>\n<td>+92%<\/td>\n<td>+9%<\/td>\n<\/tr>\n<tr>\n<td>Net Debt<\/td>\n<td>\u20b984,800 cr<\/td>\n<td>-\u20b91,200 cr<\/td>\n<td>-\u20b93,500 cr<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<h3><strong><br \/>\nSegment-Wise Performance<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><strong>1. <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/3d754da5-eea4-4f07-b3b5-3685bce502b1.pdf\" target=\"_blank\" rel=\"noopener\">India Operations (Bright Spot)<\/a><\/strong><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Volume:<\/strong>\u00a04.8 MT (stable QoQ despite Jamshedpur relining)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>EBITDA\/ton:<\/strong>\u00a0\u20b912,100 (up \u20b91,800 QoQ)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Growth Drivers:<\/strong><br \/>\na. Record auto-grade steel sales (+11% QoQ)<br \/>\nb. Retail expansion (Tiscon rebars +15% volume)<br \/>\nc. Kalinganagar Phase II commissioning (5 MTPA by FY27)<\/p>\n<\/li>\n<\/ul>\n<p class=\"ds-markdown-paragraph\"><strong>2. <a href=\"https:\/\/www.bseindia.com\/xml-data\/corpfiling\/AttachLive\/3d754da5-eea4-4f07-b3b5-3685bce502b1.pdf\" target=\"_blank\" rel=\"noopener\">European Operations (Transition Phase)<\/a><\/strong><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Netherlands:<\/strong>\u00a0EBITDA \u20b9612 cr (energy cost pressures persist)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>UK:<\/strong>\u00a0EBITDA loss \u20b9468 cr (Port Talbot EAF conversion underway)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Strategic Shift:<\/strong><br \/>\na. \u00a3500M UK govt grant secured for EAF transition<br \/>\nb. 3.5 MT capacity rationalization planned by FY26<\/p>\n<\/li>\n<\/ul>\n<h3><strong><br \/>\nGreen Steel Initiatives<\/strong><\/h3>\n<ol start=\"1\">\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>UK Transition<\/strong><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\">Electric Arc Furnace construction started (completion by 2027)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">CO2 reduction target: 5 million tons annually<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Netherlands Roadmap<\/strong><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\">HIsarna pilot plant (50% lower emissions)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">In talks for state support matching UK package<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>India Innovations<\/strong><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\">EASyMelt technology trials (20% lower coke rate)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">Carbon banking initiative launched<\/p>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h3><strong><br \/>\nInvestment Thesis<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><strong>Strengths:<\/strong><br \/>\n1. <strong>India Growth Story:<\/strong>\u00a0Govt infra push driving 6% steel demand growth<br \/>\n2. <strong>Margin Resilience:<\/strong>\u00a0\u20b92,900 cr\/qtr cost savings program delivering<br \/>\n3. <strong>Green Leadership:<\/strong>\u00a0First-mover advantage in decarbonization<\/p>\n<p class=\"ds-markdown-paragraph\"><strong>Concerns<\/strong><br \/>\n1. <strong>Europe Overhang:<\/strong>\u00a0UK losses may continue till FY27<br \/>\n2. <strong>Commodity Volatility:<\/strong>\u00a0HRC prices corrected 8% in July<br \/>\n3. <strong>Debt Profile:<\/strong>\u00a0Net debt\/EBITDA at 3.2x remains elevated<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Peer Comparison<\/strong><\/h3>\n<div class=\"markdown-table-wrapper\">\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Tata Steel<\/th>\n<th>JSW Steel<\/th>\n<th>SAIL<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Capacity (MTPA)<\/td>\n<td>35<\/td>\n<td>29<\/td>\n<td>21<\/td>\n<\/tr>\n<tr>\n<td>EBITDA\/ton (\u20b9)<\/td>\n<td>10,470<\/td>\n<td>9,800<\/td>\n<td>8,200<\/td>\n<\/tr>\n<tr>\n<td>Net Debt\/EBITDA<\/td>\n<td>3.2x<\/td>\n<td>2.8x<\/td>\n<td>2.5x<\/td>\n<\/tr>\n<tr>\n<td>Green Initiatives<\/td>\n<td>EAF transition<\/td>\n<td>Carbon capture<\/td>\n<td>BF modernisation<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p class=\"ds-markdown-paragraph\"><strong>Competitive Positioning:<\/strong><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Cost Leadership:<\/strong>\u00a0JSW leads with 100% iron ore integration<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Govt Backing:<\/strong>\u00a0SAIL benefits from PSU status in project clearances<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\"><strong>Global Tech:<\/strong>\u00a0Tata leads in hydrogen-ready steelmaking tech<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3 class=\"ds-markdown-paragraph\"><strong>What will drive the revenue of Tata Steels:<\/strong><\/h3>\n<p class=\"ds-markdown-paragraph\"><strong>Key Value Drivers:<\/strong><\/p>\n<ol start=\"1\">\n<li>\n<p class=\"ds-markdown-paragraph\">Kalinganagar Phase II ramp-up (FY26-27)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">European EAF commissioning (FY27)<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">Carbon credit monetization potential<\/p>\n<\/li>\n<\/ol>\n<p class=\"ds-markdown-paragraph\"><strong>Price Catalysts:<\/strong><\/p>\n<ul>\n<li>\n<p class=\"ds-markdown-paragraph\">Clarity on Netherlands govt support<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">Auto sector demand revival<\/p>\n<\/li>\n<li>\n<p class=\"ds-markdown-paragraph\">Iron ore price stabilization<\/p>\n<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>To read more about the result of Tata&#8217;s Q1 FY26, <a href=\"https:\/\/44.250.171.167\/tata-steel-ltd-q1-fy26-earnings-results-a-whooping-118-rise-in-profits\/\">please click here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Executive Summary Tata Steel delivered a bifurcated Q1 FY26 performance, with resilient India operations (65% of group&#8217;s\u00a0 EBITDA) offsetting continued European struggles. While consolidated revenues declined 5% QoQ to \u20b953,178 crore due to blast furnace maintenance, EBITDA\/ton improved sharply to \u20b910,470 (up 34% QoQ) through cost optimization. The company remains on track with its dual [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":169646,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","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":[14314,5753],"tags":[9885],"class_list":["post-169645","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-alphacall","category-industrials","tag-iron-and-steel"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/AlphaCall-Thumbnail.png","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":171966,"url":"https:\/\/alphastreet.com\/india\/sail-q2-fy26-earnings-results\/","url_meta":{"origin":169645,"position":0},"title":"SAIL Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 30, 2025","format":false,"excerpt":"Steel Authority of India Limited (SAIL) is one of the largest steel-making companies in India and one of the Maharatnas of the countrys Central Public Sector Enterprises. SAIL produces iron and steel at five integrated plants and three special steel plants, located principally in the eastern and central regions of\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Steel Authority of India Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/Steel-Authority-of-India-Q2-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":171447,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q2-fy26-earnings-results\/","url_meta":{"origin":169645,"position":1},"title":"Tata Elxsi Q2 FY26 Earnings Results","author":"Chirag Gupta","date":"October 10, 2025","format":false,"excerpt":"Tata Elxsi is amongst the world\u2019s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tata Elxsi Q2 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/10\/2.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170267,"url":"https:\/\/alphastreet.com\/india\/welspun-corp-q1-fy26-earnings-results\/","url_meta":{"origin":169645,"position":2},"title":"Welspun Corp Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 18, 2025","format":false,"excerpt":"Welspun Corp Limited is one of the largest manufacturers of large diameter pipes globally. The company also manufactures BIS-certified Steel Billets, TMT (Thermo-Mechanically Treated) Rebars, Ductile Iron (DI) Pipes, Stainless Steel Pipes, and Tubes & Bars. The company acquired Sintex-BAPL, a market leader in water tanks and other plastic products,\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Welspun Corp Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/5-12.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170798,"url":"https:\/\/alphastreet.com\/india\/vesuvius-q1-fy26-earnings-results\/","url_meta":{"origin":169645,"position":3},"title":"Vesuvius Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"August 29, 2025","format":false,"excerpt":"Incorporated in 1991, Vesuvius India Ltd manufactures and trades refractory goods. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Total Revenue:\u00a0\u20b9524.30 crores, up 13.4% YoY (Q1 FY25: \u20b9462.42 crores) and up 8.7% QoQ (Q4 FY25: \u20b9482 crores). Operating Income (EBITDA):\u00a0\u20b991 crores, up 10% QoQ and\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Vesuvius Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/6-20.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/6-20.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/6-20.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/6-20.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/6-20.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/08\/6-20.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":173149,"url":"https:\/\/alphastreet.com\/india\/tata-elxsi-q3-fy26-earning-results\/","url_meta":{"origin":169645,"position":4},"title":"Tata Elxsi Q3 FY26 Earning Results","author":"Chirag Gupta","date":"January 14, 2026","format":false,"excerpt":"Tata Elxsi is amongst the world\u2019s leading providers of design and technology services across industries including Automotive, Media, Communications and Healthcare. Tata Elxsi provides integrated services from research and strategy, to electronics and mechanical design, software development, validation and deployment, and is supported by a network of design studios, global\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Tata Elxsi Q3 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2026\/01\/Tata-Elxsi-Q3-FY26-Earnings-Results.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":170847,"url":"https:\/\/alphastreet.com\/india\/lloyds-enterprises-q1-fy26-earnings-results\/","url_meta":{"origin":169645,"position":5},"title":"Lloyds Enterprises Q1 FY26 Earnings Results","author":"Chirag Gupta","date":"September 2, 2025","format":false,"excerpt":"Company core business is trading in Iron & Steel products. Presenting below are its Q1 FY26 earnings results. \u00a0 Q1 FY26 Earnings Results Total Income: \u20b9331.01 crores, up 60.3% QoQ (Q4 FY25: \u20b9382.44 crores) and up 2.48% YoY (Q1 FY25: \u20b9323 crores). Total Expenses: \u20b9325.47 crores, up 0.7% QoQ and\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"Lloyds Enterprises Q1 FY26 Earnings Results","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2025\/09\/4.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/169645","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\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=169645"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/169645\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/169646"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=169645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=169645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=169645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}