Tata Steel reported stronger financial results for the quarter ended June 30, 2026, as robust performance from its domestic operations offset continued weakness in its European business. Consolidated EBITDA increased 25pct YoY to INR 9,370 crore (USD 982.2 mln), while consolidated revenue rose 14pct to INR 60,794 crore (USD 6.37 bln) despite a volatile operating environment.
Consolidated net profit attributable to shareholders increased to INR 2,318 crore (USD 243.0 mln) from INR 2,078 crore (USD 217.8 mln) a year earlier. Revenue from operations climbed from INR 53,178 crore (USD 5.57 bln) in the corresponding quarter of 2025 to INR 60,794 crore (USD 6.37 bln).
The company’s domestic operations remained the key earnings driver during the quarter, generating revenue of INR 36,989 crore (USD 3.88 bln) and EBITDA of INR 9,908 crore (USD 1.04 bln), translating into an EBITDA margin of 27pct.
Crude steel production reached 5.76 mln tons, while deliveries totaled 5.17 mln tons. The company said production and deliveries were affected by planned maintenance shutdowns at its Meramandali and Kalinganagar facilities and are expected to normalize in the coming quarters.
In Europe, Tata Steel Netherlands reported revenue of EUR 1.45 bln (USD 1.66 bln) and returned to positive EBITDA of EUR 4 mln (USD 4.6 mln), although operations continued to be affected by the closure of its direct sheet plant. The company said trial runs are underway following regulatory approval ahead of a full restart of operations.
Tata Steel UK also improved its performance, with the EBITDA loss narrowing to GBP 27 mln (USD 36.3 mln) as restructuring measures progressed.
Capital expenditure during the quarter totaled INR 3,579 crore (USD 3.75 bln), including the ramp-up of the company’s 0.75 mln tons per year electric arc furnace (EAF) at Ludhiana and construction of a 0.7 mln tons per year hot rolled pickling and galvanizing line, together with the first phase of its tinplate expansion.
The board also approved a 4.8 mln tons per year steelmaking capacity expansion at Neelachal Ispat Nigam Ltd. with an estimated investment of INR 33,873 crore (USD 35.51 bln), aimed at strengthening Tata Steel’s long products portfolio.
Tata Steel, part of the Tata Group, is one of the world’s leading steel producers with operations in India, the Netherlands, the UK and Thailand. The company has an annual consolidated crude steel capacity of 35.9 mln tons and plans to increase it to 51.5 mln tons per year by FY2030-31
1 USD / 95.39 INR