Tata Steel Q1 Result: Consolidated net profit soars over 116% YoY to ₹2,078 crore; revenue falls 3%

Tata Steel on Wednesday, July 30, posted a 116.42% year-on-year (YoY) growth in its consolidated net profit to ₹2,078 crore in the June quarter of the 2025-26 financial year (Q1FY26). The firm clocked a profit of ₹960 crore in the corresponding quarter in the last fiscal year.

However, the steel manufacturer's revenue from operations fell 3.37% YoY to ₹53,178 crore during the quarter under review, compared to ₹55,031 crore in the first quarter of FY25, it said in a regulatory filing.

At an operational level, the company's EBITDA (earnings before interest, tax, depreciation, and amortisation) stood at ₹7,427 crore in Q1FY26, jumping 6.8% YoY from ₹6,954 crore in the corresponding period a year ago.

Its EBITDA margin expanded to 13.97% from 12.64% in Q1FY25.

The company generated ₹31,137 crore from the Indian market, and its India EBITDA per ton went up from ₹510 per ton QoQ to ₹15,760 per ton.

Tata Steel’s crude steel production stood at 5.24 million tons and deliveries were 4.75 million tons during the quarter. Its sequential production and deliveries were affected by maintenance shutdowns in Jamshedpur and Neelachal Ispat Nigam Limited.

Its net debt was at ₹84,835 crore in Q1FY26. Furthermore, its group liquidity remained strong at ₹43,578 crores, which includes cash and cash equivalents worth ₹14,118 crores.

Commenting on the result, T V Narendran, Chief Executive Officer & Managing Director of Tata Steel, said: “Tata Steel has demonstrated robust profitability across geographies despite volatile global macro conditions and heightened uncertainty. The strong improvement in our 1Q performance on a QoQ as well as YoY basis was driven by an increase in our net steel realisations and the planned cost take-outs."

"In India, our large distribution network with 25,000+ dealers & distributors and our focus on delivering customer requirements helped us in selling higher value-added products and in creating value from the new facilities we commissioned," Narendran stated.

"Our mining operations complement steelmaking by providing a secure and reliable supply of raw materials. I am happy to share that our Noamundi Iron ore mine was adjudged with a 7-star rating by the Ministry of Mines for scientific and sustainable mining, one of only three such mines in India," he stated.

Tata Steel board approves 26% acquisition of TP Adarsh Ltd

Tata Steel’s board of directors approved the infusion of ₹6 crore, in one or more tranches, in TP Adarsh Limited (TPAL). Its board also approved the 26% acquisition of TPAL, via the execution of a share purchase and shareholders’ agreement.

On 24th July 2025, Tata Steel completed the acquisition of a 100% equity stake in Neelachal Ispat Nigam Limited.

Shares of Tata Steel closed 0.24% lower at ₹161.30 apiece on the NSE on Wednesday. However, the results were announced after the market closed.