Tata Steel Q2 FY2026-27 Results: Shares Drop Nearly 3% Despite Growth In Net Profit; Revenue Climbs 11.5% To ₹65,436 Crore

Tata Steel Limited reported consolidated revenue from operations of ₹65,436.24 crore for the quarter ended 30 September 2026, compared with ₹58,689.29 crore in the corresponding quarter last year. Net profit rose to ₹3,699.59 crore from ₹3,183.09 crore.

The company's consolidated profit before exceptional items and tax increased to ₹5,106.47 crore. Total income, including other income, stood at ₹65,684.52 crore against ₹59,052.84 crore a year earlier.

On the National Stock Exchange (NSE), the Tata Steel share price was trading at ₹184.79, down 2.84% at 11:55 am on 9 November 2026. The stock opened at ₹192.50 and touched an intraday high of ₹194 and a low of ₹184.34. The previous close for the Tata Steel shares was ₹190.20.

Tata Steel Q2 Results: Higher Costs And Improved Earnings

Total expenses increased to ₹60,690.32 crore from ₹54,460.71 crore in Q2 FY26. Material costs rose to ₹21,521.88 crore from ₹17,859.37 crore, while employee benefit expenses increased to ₹6,665.51 crore. Finance costs stood at ₹2,005.32 crore and depreciation and amortisation expenses reached ₹3,781.83 crore.

The company reported exceptional gains of ₹348.68 crore during the quarter, against exceptional losses of ₹420.41 crore in the year-ago period. Consequently, consolidated profit before tax (PBT) increased to ₹5,455.15 crore from ₹4,222.47 crore.

India Operations Support Segment Performance

Tata Steel India's segment revenue rose to ₹42,535.28 crore from ₹34,679.54 crore. Its segment result before interest, tax, depreciation and exceptional items increased to ₹10,315.45 crore from ₹8,393.58 crore. In contrast, Tata Steel UK's corresponding segment result was a loss of ₹719.25 crore.

Netherlands Business Uncertainty Remains A Key Concern

The company disclosed continuing uncertainty around operating permits, coke oven closures and steel slag disposal at its Netherlands operations. It also said discussions with the local authorities were ongoing. The joint letter of intent for the low-carbon steel transition project has been extended until 01 March 2027.

The segment revenue of Tata Steel Netherlands operations stood at ₹15,329.66 crore compared with ₹15,718.93 crore a year earlier. The company stated that the uncertainties could affect the Netherlands business's future cash flows. Its statutory auditors modified their review conclusion on the consolidated financial results.

Source:

Official Press Release

NSE

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