Tata Steel Limited (TATASTEEL) — Financial Results | 12 November 2025(3 announcements)

Tata Steel reported H1 FY2025-26 net profit of ₹7,583.38 crore, up 9.5% from ₹6,921.94 crore in H1 FY2024-25. Revenue from operations reached ₹1,11,867.41 crore. The company approved acquisition of the remaining 50% stake in Tata BlueScope Steel for ₹1,100 crore, converting it to a wholly-owned subsidiary. Operating cash flow surged to ₹13,073.80 crore versus ₹6,115.92 crore year-over-year. The board also approved sale of the Ferro Alloy Plant at Jajpur for ₹610 crore and initiated European operations restructuring.

Tata Steel reported H1 FY2025-26 consolidated net profit of ₹5,190.45 crore with operating cash flow of ₹13,073.80 crore, up 114% YoY. The Board approved acquisition of remaining 50% equity stake in Tata BlueScope Steel for ₹1,100 crore, converting it to a wholly-owned subsidiary. Debt-to-equity ratio increased to 0.51 from 0.36 YoY. The company also approved sale of Ferro Alloy Plant for ₹610 crore and initiated decarbonization funding in European operations.

Tata Steel reported consolidated adjusted EBITDA of ₹8,968 crores for Q2FY26, up 20% QoQ from ₹7,456 crores, driven by 17% QoQ growth in India deliveries to 5.6 million tons and strong volume impact. Net debt decreased to ₹87,040 crores from ₹95,643 crores. The company delivered ₹5,450 crores cost transformation (94% of plan) and commissioned its first Continuous Galvanising Line at Kalinganagar. Market headwinds from lower steel realisations and elevated raw material costs were partially offset by operational gains and cost efficiency programs.