Tata Steel Q2 Net Profit Rises 16%, Noel Tata to Retire
Tata Steel reported higher revenue, EBITDA and net profit for the July-September quarter. Noel Tata steps down as vice-chairman on November 11.
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what happened
Tata Steel reported results for the second quarter of FY27, covering July to September. Consolidated revenue climbed 11.5 per cent to Rs 65,436.24 crore, while EBITDA rose 17 per cent to Rs 10,665 crore, with a margin of around 16 per cent. Net profit increased 16.2 per cent to Rs 3,699.59 crore, according to Moody's, which cited the company's regulatory filing.
Crude steel output in India rose 7 per cent from the previous quarter to 6.18 million tonnes, and deliveries grew 16 per cent to 5.98 million tonnes. Net debt stood at Rs 91,423 crore, or 2.4 times EBITDA.
Separately, Noel Tata will retire as non-executive vice-chairman of the board on November 11, 2026.
why it matters
The strong figures support interest in Indian steel shares. The company, however, pointed to elevated raw material costs and geopolitical uncertainty, which remain risks to margins.
market impact
Tata Steel shares: higher revenue and profit support the company's stock
- Tata Steel shares pressure up — revenue, EBITDA and net profit growth in the quarter
tags
instruments
sources
- Tata Steel Q2 Profit Rises 16%; Noel Tata To Retire As Vice-Chairman — Moody's, 7 November 2026 at 13:01 UTC
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