Tata Steel Q2 FY27 Results: Net Profit Jumps Over 16%; Noel Tata To Step Down As Vice Chairman

Tata Steel Q2 Results 2026 (File Photo)

Tata Steel reported a healthy financial performance for the September quarter of FY27, registering double-digit growth in both consolidated net profit and revenue as stronger volumes in India and improved operations in the Netherlands supported its overall performance. The Tata Group steelmaker posted consolidated profit after tax (PAT) of Rs 3,699.59 crore for Q2FY27, marking a 16.2 per cent increase from Rs 3,183.09 crore recorded in the corresponding quarter last year.

Revenue from operations also witnessed an improvement, climbing 11.5 per cent year-on-year (YoY) to Rs 65,436.24 crore, compared with Rs 58,689.29 crore in Q2FY26.

Consolidated earnings before interest, taxes, depreciation and amortisation (EBITDA) reached Rs 10,665 crore, representing a margin of approximately 16 per cent. EBITDA increased 17 per cent compared with the year-ago quarter and was 14 per cent higher sequentially.

Separately, the company announced that Noel Naval Tata will relinquish his positions as Non-Executive, Non-Independent Director and Vice Chairman of the Board. His retirement will take effect at the close of business on November 11, 2026.

India Business Drives Tata Steel's Quarterly Performance

India remained the company's strongest operating market during the September quarter, supported by higher production and improved…

Original source: https://www.timesnownews.com/business-economy