8.1 C
Delhi
Friday, January 16, 2026

Tata Steel Q2 Profit Surges 319% to ₹3,183 Crore

Tata Steel Q2 Profit Soars 319% to ₹3,183 Crore

Tata Steel has reported an extraordinary 319% surge in consolidated net profit for the second quarter ending September 30, 2025, reaching ₹3,183 crore compared to ₹759 crore in the same period last year.

Key Financial Highlights

  • Consolidated net profit: ₹3,183 crore (up 319% YoY)
  • Consolidated turnover: ₹53,178 crore (down 1.34%)
  • India business profit: ₹4,215 crore (up 22% YoY)
  • India turnover: ₹34,787 crore (up 12% YoY)

International Performance

The company’s Netherlands operations reported revenues of €1,551 million with EBITDA of €92 million, while UK operations saw revenues of £505 million with an EBITDA loss of £66 million.

Major Acquisition Approved

Tata Steel’s board has approved the acquisition of an additional 50% equity stake in Tata BlueScope Steel Private Ltd (TBSPL) for up to ₹1,100 crore. This strategic move will give Tata Steel full ownership of the joint venture previously shared equally with BlueScope Steel Ltd.

The company executed the share purchase agreement on November 12, 2025, with TBSPL, BlueScope Steel Asia Holdings Pty Ltd (BSAH), and BlueScope Steel Ltd.

Management Commentary

T.V. Narendran, Chief Executive Officer & Managing Director, Tata Steel said, “The global operating environment remained challenging with persistent overhang of tariffs, geopolitical tensions and elevated steel exports. Despite this, Tata Steel delivered a resilient performance with the EBITDA margin improving for the second consecutive quarter.”

“In India, while the crude steel production rose 8%, deliveries grew at a higher rate of 17% QoQ as our marketing franchise enabled us to scale effectively. We continue to strengthen our market leadership across key segments, underpinned by capacity expansion and a focused downstream strategy,” he said.

“Kalinganagar’s continuous annealing line and galvanising line have expanded our hi-end product offerings to Automotive. Our new 0.5 MTPA combi mill will further amplify this advantage and strengthen our presence in specialty steel segment,” he added.

Koushik Chatterjee, Executive Director and Chief Financial Officer, Tata Steel said, “The company continued to perform despite the challenging operating environment. We remain focused on volume growth in India, strengthening our raw material linkages and optimising capital allocation.”

“We are closely monitoring policy developments in EU and U.K. and will look to prioritise, optimise and sequence the decarbonisation capex spend such that it is affordable to all stakeholders,” he said.

Latest

Zomato’s Viral Job: Rs 25 Lakh Salary for 1-3 Years Experience in Bengaluru

A Zomato job listing offering Rs 25 lakh salary, Rs 20 lakh ESOP, and daily food credits for a role needing just 1-3 years experience goes viral, sparking debate.

Rising Memory Chip Prices Threaten Profits for Apple, HP, Dell

Morgan Stanley warns investors as increasing DRAM and NAND flash costs squeeze margins for major tech hardware companies, reversing a years-long tailwind.

Mumbai Markets Closed for BMC Elections, Zerodha CEO Calls It Poor Planning

Zerodha CEO Nithin Kamath criticises weekday market closure for Mumbai elections, highlighting economic costs and missed trading opportunities as Asian markets rally.

Supreme Court Rules Against Tiger Global in Flipkart-Walmart Tax Case

SC rejects Tiger Global's tax exemption claim on $1.2 billion Flipkart sale, ruling it a shell company. Landmark decision impacts foreign investor taxation.

SC Upholds Retrospective Tax in Tiger Global-Flipkart ₹40,000 Crore Case

Supreme Court validates retrospective tax on indirect transfers, dealing a major blow to foreign investors like Tiger Global. Understand the ruling's impact.

Topics

Zomato’s Viral Job: Rs 25 Lakh Salary for 1-3 Years Experience in Bengaluru

A Zomato job listing offering Rs 25 lakh salary, Rs 20 lakh ESOP, and daily food credits for a role needing just 1-3 years experience goes viral, sparking debate.

India to Evacuate Citizens from Iran; First Flight from Tehran Tomorrow

MEA prepares evacuation flights for Indians in Iran amid Iran-Israel conflict. First flight from Tehran to Delhi scheduled. Embassy issues urgent travel advisory.

Australia Social Media Ban: 5 Million Kids’ Accounts Deleted in a Month

Australia's new social media ban leads to removal of nearly 5 million under-14 accounts. Learn about the law, enforcement, and the debate it has sparked.

Rising Memory Chip Prices Threaten Profits for Apple, HP, Dell

Morgan Stanley warns investors as increasing DRAM and NAND flash costs squeeze margins for major tech hardware companies, reversing a years-long tailwind.

Mumbai Markets Closed for BMC Elections, Zerodha CEO Calls It Poor Planning

Zerodha CEO Nithin Kamath criticises weekday market closure for Mumbai elections, highlighting economic costs and missed trading opportunities as Asian markets rally.

Meta Bans ChatGPT on WhatsApp from 2026: How to Save Chats

WhatsApp will block ChatGPT and third-party AI tools in 2026. Learn why Meta is banning AI, how to back up your chat history, and what it means for users.

Amazon Republic Day Sale 2026: Up to 80% Off on Gadgets & Appliances

Amazon's Great Republic Day Sale 2026 is live with massive discounts on electronics, fashion & home appliances. Get top deals, no-cost EMI & a chance to win a trip.

Kashmiri Parents Seek Govt Help to Evacuate Students from Iran Unrest

Families of Kashmiri students in Iran appeal to India's External Affairs Ministry for urgent evacuation amid ongoing protests and safety concerns.
spot_img

Related Articles

Popular Categories

spot_imgspot_img