Tata Steel Ltd reported a sharp rise in earnings for the second quarter of FY 2026, backed by solid domestic demand, cost efficiencies, and a recovery in its European operations.
The steelmaker’s consolidated net profit surged 272% year-on-year to ₹3,102 crore, compared with ₹833 crore in the same quarter last year. Revenue from operations rose 9% to ₹58,689 crore, against ₹53,905 crore a year earlier, supported by higher deliveries and better realisations.
Operating profit (EBITDA) climbed 46% to ₹9,106 crore, reflecting improved spreads and a favourable product mix. The company said its India operations remained the key growth driver, with deliveries rising to 7.91 million tonnes from 7.52 million tonnes last year. Production also edged up to 7.69 million tonnes.
Tata Steel’s European business posted a core profit of €92 million, up sharply from €22 million a year ago, aided by efficiency measures and better operating conditions in the Netherlands.
The company said strong domestic consumption, particularly from infrastructure and manufacturing sectors, cushioned the impact of fluctuating global steel prices. It continues to focus on value-added products, cost optimisation, and deleveraging to strengthen its balance sheet.
Following the announcement, Tata Steel shares gained over 3% in early trading on Thursday.
Analysts remain positive on the stock, citing stable demand and improved profitability, though they caution that global steel price movements and input costs will influence future performance.
Tata Steel said it remains committed to sustainable growth and operational excellence, as it continues to invest in technology and capacity expansion to meet rising demand across key markets.
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