Tata Steel shares jump 3% as Q2 FY27 net profit rises to ₹3,700 crore; check all numbers

The stock opened for trading for the Muhurat Trading session.

The jump in the September quarter was driven by higher revenues, mainly from India operations. It clocked ₹3,183 crore profit after tax (PAT) in the second quarter of the preceding 2025-26 financial year.

During the latest July-September quarter (Q2 FY27), Tata Steel’s consolidated revenues increased to ₹65,436 crore from ₹58,689 crore in the year-ago quarter. The company produced 8.07 million tonnes (MT) and sold 7.92 MT of steel in Q2 FY27 as against 7.73 MT output and 7.91 MT deliveries made in July-September a year ago.

“We delivered strong growth in deliveries and earnings this quarter, backed by a resilient supply chain and close customer engagement, despite ongoing geoeconomic uncertainty and higher raw material costs. India continued to be the cornerstone of our performance with volumes growing 16% QoQ despite a seasonally softer quarter, reflecting the strength of our market presence and customer reach,” said T. V. Narendran, Chief Executive Officer & Managing Director, Tata Steel.

The firm’s consolidated EBITDA came in at ₹10,665 crore, improving 17% annually.

India's revenues were ₹42,653 crore, and EBITDA stood at ₹10,634 crore, which translates to a margin of 25%.

Crude steel production was up 7% QoQ to 6.18 million tonnes, and deliveries were up 16% to 5.98 million tonnes.

In the Netherlands, revenues were 1,395 million euros and EBITDA 72 million euros, aided by the restart of the direct sheet plant in early August. Liquid steel production was 1.52 mn tonnes and deliveries were 1.30 mn tonnes.

The UK revenues were 411 million pounds, and the EBITDA loss stood at 56 million pounds. Deliveries stood at 0.38 million tonnes in the quarter.

The company spent around ₹3,280 crore on capital expenditure during the reporting quarter and ₹6,860 crore in the half-year.

Significant capex projects underway include 4.8 MTPA capacity expansion at Neelachal Ispat Nigam Limited and downstream growth projects such as the 0.7 MTPA Hot Rolled Pickling & Galvanising Line and 300 kt of the Tinplate expansion.

Net debt stood at ₹91,423 crore, and net debt to EBITDA was 2.4x.

“Our group liquidity remains strong at ₹40,076 crore, which includes cash & cash equivalents of ₹10,300 crore,” the statement said.

Tata Steel share price trends

At 2:40 PM, Tata Steel shares were trading at ₹190.39 apiece on the National Stock Exchange, gaining 2.2%. The stock, however, closed 2.09% higher at ₹190.20 per share.

From the beginning of the year, Tata Steel shares have jumped 5%. Over a month’s time, the stock has surged 11%, while for a six-month period, it has tumbled 11.2%.

Shares of the firm had hit a 52-week high of ₹224.40 on May 15, 2026, and a 52-week low of ₹160.06 on December 9, 2025.

According to NSE data, as of November 8, 2026, Tata Steel has a total market capitalisation of ₹2.38 lakh crore.