Tata Steel has released its financial results for the second quarter of fiscal year 2026, revealing a consolidated net profit of ₹3,102 crore. This figure not only aligns with analyst forecasts but also represents a significant increase, specifically a 3.7 times jump compared to the same period last year. The company’s revenue reached ₹58,689 crore, marking an 8.9 percent growth year-on-year. Both revenue and profit surpassed analyst predictions, further demonstrating the company’s robust performance.
In the current quarter, Tata Steel's domestic revenue was reported at ₹34,787 crore, and earnings before interest, taxes, depreciation, and amortization (EBITDA) stood at ₹9,106 crore — a notable rise of 46 percent from the previous year. The company's EBITDA margin improved to 16 percent, up from 11.4 percent, indicating enhanced profitability amidst a tough global market characterized by high tariffs, geopolitical issues, and a surge in steel exports.
Tata Steel's crude steel production also showcased positive trends, with an 8 percent increase in production to 5.65 million tonnes and a commendable 17 percent rise in deliveries to 5.55 million tonnes, driven by boosted domestic demand. The strong operational performance was facilitated by the company's effective marketing strategies and capacity expansion efforts. Leadership within the company expressed confidence in the growth trajectory, noting a significant improvement in market leadership across key segments.
In terms of capital expenditure, the company invested ₹3,250 crore during the quarter, while net debt stood at ₹87,040 crore. The Management emphasized the resilience displayed despite ongoing global challenges and the company's commitment to strengthening its market position through focused strategic initiatives.
As for Tata Steel’s stock performance, shares closed at ₹178.7 on the Bombay Stock Exchange, down 1.3 percent for the day. However, the stock has seen a remarkable rise of approximately 31 percent this year, significantly outpacing the Nifty50 and Nifty Metal indices which gained 9 percent and 22 percent respectively. This strong performance reflects investor confidence and the company's ability to navigate through economic uncertainties effectively.