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Tata Steel Q2 Profit Rises as Deliveries Hold Steady

Tata Steel’s consolidated profit after tax rose 16.2% from a year earlier to ₹3,700 crore in Q2 FY2026-27, according to the company’s results. Deliveries were broadly unchanged over the same comparison period. The results, published on November 7, 2026, cover the July–September quarter ending September 30.

The comparable quarter in FY2025-26 recorded profit after tax of ₹3,183 crore. For the latest quarter, Tata Steel reported ₹10,665 crore in consolidated EBITDA, an increase of 17% year on year, and an EBITDA margin of about 16%.

Quarterly deliveries totalled 7.92 million tonnes, compared with 7.91 million tonnes a year earlier. Consolidated revenue reached ₹65,436 crore, up from the previous year’s ₹58,689 crore. Tata Steel put the revenue increase at 11.5%.

For its India segment, the company listed an EBITDA margin of 25%, with EBITDA totalling ₹10,634 crore on revenue of ₹42,653 crore. The release presents this measure on a pro forma basis, combining Neelachal Ispat Nigam Limited with Tata Steel standalone and making adjustments for purchases and sales between the companies.

The European operations’ figures were presented in their respective local currencies. In the Netherlands, quarterly EBITDA amounted to €72 million and revenue totalled €1,395 million, according to the release. The UK operations recorded an EBITDA loss of £56 million on revenue of £411 million for the quarter.

* This article is based on publicly available information at the time of writing.