Tata Steel shines! Profit soars 319% in Q2FY26 — massive jump to ₹3,183 crore!

PAT from Tata Steel India, which includes Tata Steel Standalone and Neelachal Ispat Nigam Limited, rose to ₹4,215 crore from ₹3,460 crore in Q2FY25.

Consolidated revenues for the quarter increased to ₹58,689 crore from ₹53,905 crore a year ago, while India revenues stood at ₹34,787 crore, up from ₹32,660 crore. Consolidated EBITDA for the quarter came in at ₹9,106 crore, translating to a margin of around 16%. India EBITDA was ₹8,654 crore with a margin of 25%.

Crude steel production in India rose 8% quarter-on-quarter to 5.65 million tonnes, while deliveries were up 17% QoQ to 5.55 million tonnes, driven by higher domestic sales.

For the half year ended September 30, 2025, consolidated revenues stood at ₹1,11,867 crore and EBITDA at ₹16,585 crore, reflecting a 27% year-on-year improvement in profitability despite a challenging operating environment. India revenues during the period were ₹65,924 crore, with EBITDA at ₹16,140 crore and a margin of 24%.

In September 2025, Tata Steel signed a non-binding Joint Letter of Intent with the Government of the Netherlands and the Province of North Holland to advance an integrated health and decarbonisation project.

As part of its downstream expansion in India, Tata Steel executed a share purchase agreement with BlueScope Steel to acquire the remaining 50% stake in Tata BlueScope Steel Private Limited, subject to regulatory approvals. The company also entered into an Asset Transfer Agreement with Indian Metals & Ferro Alloys Ltd. for the sale of its Ferro Alloy Plant at Jajpur, Odisha, for a base consideration of ₹610 crore.

T V Narendran, Chief Executive Officer & Managing Director: "The global operating environment remained challenging with persistent overhang of tariffs, geopolitical tensions and elevated steel exports. Despite this, Tata Steel delivered a resilient performance with the EBITDA margin improving for the second consecutive quarter.

"In India, while the crude steel production rose 8%, deliveries grew at a higher rate of 17% QoQ as our marketing franchise enabled us to scale effectively. We continue to strengthen our market leadership across key segments, underpinned by capacity expansion and a focused downstream strategy."

Koushik Chatterjee, Executive Director and Chief Financial Officer: "Tata Steel has continued to perform despite the challenging operating environment. For the quarter ended September 30, 2025, EBITDA margin improved by 145 bps QoQ and 280 bps for the half year, reflecting operational strength and cost discipline. Consolidated revenues for the quarter stood at Rs 58,689 crores, while EBITDA was Rs 9,106 crores, translating to a margin of ~16% or Rs 11,518 per ton."