Tata Steel Q2 FY26 Profit Surges Fourfold, Driven by Robust India Operations

The Netherlands operations reported revenues of 1,551 million euros and EBITDA of 92 million euros.

SEATTLE (Scrap Monster): Tata Steel posted a sharp jump in consolidated net profit for the second quarter of FY26, rising more than four times to INR 3,183.09 crore, supported by strong performance in its Indian business. In comparison, the company had reported INR 758.84 crore in profit during the same period last year. Total income grew 8% year-on-year, led by India operations generating INR 59,052.84 crore.

As per the stock exchange disclosure, crude steel output in India increased 8% quarter-on-quarter to 5.65 million tonnes, while steel deliveries surged 17% to 5.5 million tonnes. Tata Steel invested INR 3,250 crore in capex during the quarter.

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In Europe, the Netherlands unit posted revenues of 1,551 million euros with EBITDA of 92 million euros. Liquid steel production stood at 1.67 million tonnes, and deliveries came in at 1.54 million tonnes. Meanwhile, the UK operations registered revenue of 505 million pounds, EBITDA loss of 66 million pounds, and deliveries totaling 0.57 million tonnes.

T.V. Narendran, CEO & Managing Director, said the company demonstrated resilience despite macroeconomic challenges, including geopolitical uncertainties, tariff pressures and high levels of steel exports. He added that Tata Steel is committed to transforming its UK and Netherlands operations into more competitive and sustainable businesses.