Athira Sethu
Kochi, 13 Nov 2025
Tata Steel Q2 FY26 earnings reported on November 12, saw a massive 272% surge in net profit to ₹3,102 crore from ₹833 crore for the September quarter last year. Revenue came in 9% higher at ₹58,689 crore. This is being attributed to higher EBITDA from its operations in the Netherlands, lower losses in the UK, and better results for its India business. Tata Steel is also looking at de-carbonizing operations and restructuring its UK business. Added to that, the company is increasing its downstream business and lowering debt.
Key Financial Metrics
| Metric | Q2 FY26 | Q2 FY25 | Growth |
| Net Profit | ₹3,102 crore | ₹833 crore | 272% |
| Revenue | ₹58,689 crore | ₹53,905 crore | 9% |
| EBITDA | ₹9,106 crore | ₹6,232 crore | 46% |
| Steel Deliveries | 7.91 million tonne | 7.52 million tonne | 5% |
| Production | 7.69 million tonne | – | – |
Regional Performance
| Region | Performance | Key Drivers |
| Netherlands | Strong growth | Higher EBITDA |
| UK | Reduced losses | Improved performance |
| India | 25% increase | Higher deliveries and better results |
Capital Expenditure and Debt
| Metric | Q2 FY26 | Previous Quarter | Notes |
| Capex | ₹3,250 crore | – | Investment in restructuring and decarbonisation |
| TSUK Debt Reduction | £540 million | – | Reduced debt in UK operations |
| Gross Debt | ₹95,643 crore | ₹98,943 crore | Decreased by ₹3,300 crore QoQ |
Strategic Moves
| Transaction | Details | Amount | Impact |
| Acquisition of Tata BlueScope | 50% stake from BlueScope Steel | ₹1,100 crore | Strengthens downstream business |
| Sale of Ferro-Chrome Plant | Jajpur, Odisha to IMFA | ₹610 crore | Streamlining operations |
The Q2 FY26 results reflect strong growth in both profit and revenue for Tata Steel. Its efforts are finally paying off as the company works towards debt reduction, restructuring its UK operations, and invests in sustainability.
