The company’s revenue from operations in the quarter under review stood at Rs 58,689 crore, which was up 9% over Rs 53,904 crore in the corresponding quarter of the last financial year.
The company’s profit after tax (PAT) increased by 49% on a quarter-on-quarter basis compared to Rs 2,077 crore in Q1FY26 while the revenue rose 10% versus Rs 53,178 crore reported in the April-June quarter of FY26.
Tata Steel’s Earnings Before Interest, Taxes, Depreciation and Amortisation (EBITDA) was reported at Rs 9,106 crore with a margin of around 16%. EBITDA improved by 22% QoQ and 46% YoY.
Q2 revenue break-up
India revenues were reported at Rs 34,787 crores and EBITDA was Rs 8,654 crores, which translates to a margin of 25%. Crude steel production was up 8% QoQ to 5.65 million tons and deliveries were up 17% QoQ to 5.55 million tons aided by rise in domestic deliveries.
Netherlands revenues were €1,551 million and EBITDA was €92 million versus €64 million in 1QFY26. Liquid steel production was 1.67 million tons and deliveries were 1.54 million tons.
UK revenues were £505 million and EBITDA loss stood at £66 million versus loss of £41 million in 1QFY26. Deliveries stood at 0.57 million tons and were marginally lower due to subdued demand.
The company spent Rs 3,250 crores on capital expenditure during the quarter and Rs 7,079 crores for the half year. Net debt stands at Rs 87,040 crores.
Tata Steel’s board approved acquisition of 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL) which is a 50:50 joint venture between Tata Steel Limited through its wholly owned subsidiary – Tata Steel Downstream Products Limited and BlueScope Steel Limited through its wholly owned subsidiary – BlueScope Steel Asia Holdings Pty Ltd), from BlueScope Steel Asia Holdings Pty Ltd (‘BSAH’), for a consideration of up to Rs 1,100 crore.