The company’s profit after tax (PAT) rose 49% QoQ compared to Rs 2,077 crore in Q1FY26, while revenue rose 10% from Rs 53,178 crore reported in the April-June quarter of FY26.
Tata Steel’s earnings before interest, taxes, depreciation and amortization (EBITDA) stood at Rs 9,106 crore with a margin of around 16%. EBITDA improved by 22% quarter-on-quarter and 46% year-on-year.
Sales distribution in the second quarter
India revenues were reported at Rs 34,787 crores and EBITDA stood at Rs 8,654 crores, which translates to a margin of 25%. Crude steel production rose 8% quarter-on-quarter to 5.65 million tonnes and deliveries rose 17% quarter-on-quarter to 5.55 million tonnes, helped by a rise in domestic deliveries.
Dutch sales amounted to €1,551 million and EBITDA amounted to €92 million, compared to €64 million in 1QFY26. Liquid steel production was 1.67 million tons and deliveries were 1.54 million tons.
UK revenue was £505 million and EBITDA loss was £66 million, compared to a loss of £41 million in 1QFY26. Deliveries amounted to 0.57 million tonnes and were marginally lower due to weak 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.
The board of directors of Tata Steel approved the acquisition of 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL), 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.
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