Tata Steel reported a 20 percent year-on-year increase in India profit after tax to Rs 5,055 crores today.
The company achieved this financial growth during the quarter that ended on September 30, 2026.
India revenues expanded by 23 percent year-on-year to reach Rs 42,653 crores during the same reporting period.
India EBITDA reached Rs 10,634 crores, delivering a solid operating margin of 25 percent for the quarter.
Crude steel production in India rose 7 percent quarter-on-quarter to 6.18 million tons.
Deliveries in the domestic market grew 16 percent quarter-on-quarter, touching 5.98 million tons.
On a consolidated level, total revenues for the July to September quarter stood at Rs 65,436 crores.
Consolidated EBITDA reached Rs 10,665 crores, resulting in a margin of around 16 percent.
Consolidated EBITDA improved by 14 percent quarter-on-quarter and 17 percent year-on-year across global markets.
Operations in the Netherlands generated €1,395 million in revenues alongside €72 million in EBITDA.
The successful restart of the Direct Sheet Plant in early August aided overall European operational performance.
Netherlands liquid steel production touched 1.52 million tons while deliveries reached 1.30 million tons.
UK operations recorded revenues of £411 million with quarterly steel deliveries standing at 0.38 million tons.
For the first half of the fiscal year, consolidated revenues surged to Rs 1,26,231 crores.
First-half consolidated EBITDA hit Rs 20,035 crores, maintaining a overall margin of around 16 percent.
Consolidated EBITDA increased 21 percent year-on-year despite ongoing challenges within the global operating environment.
India operations generated half-year revenues of Rs 79,641 crores and an EBITDA of Rs 20,541 crores.
The domestic half-year EBITDA margin reached 26 percent, reflecting a strong 27 percent year-on-year growth.
Netherlands half-year revenues reached €2,840 million while generating €76 million in EBITDA.
UK half-year revenues reached £895 million as EBITDA losses narrowed by 22 percent to £83 million.
Tata Steel deployed Rs 3,280 crores toward capital expenditure projects during the second quarter.
Total capital expenditure for the first half of the financial year reached Rs 6,860 crores.
Ongoing projects include expanding Neelachal Ispat Nigam Limited capacity by 4.8 million tons per annum.
Key downstream growth initiatives include a new Pickling and Galvanising Line alongside Tinplate capacity expansion.
Net debt reached Rs 91,423 crores, maintaining a net debt to EBITDA ratio of 2.4x.
The group maintains robust liquidity of Rs 40,076 crores, including substantial cash equivalents of Rs 10,300 crores.
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