Tata Steel (TATASTEEL) — Financial Results

Tata Steel reported H1 FY2026 consolidated revenue of ₹1,11,867 crores with EBITDA of ₹16,585 crores (15% margin, 280 bps expansion). Q2 revenue reached ₹58,689 crores, up 10% QoQ. India crude steel production grew 8% QoQ and 7% YoY to 5.65 million tons, driven by Kalinganagar ramp-up. Cost transformation delivered ₹5,450 crores in H1 (94% plan compliance). However, UK EBITDA losses widened to -£66 million in Q2. Q3 pricing is guided ₹1,500/ton lower with coking coal costs up $6/ton.

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About Tata Steel Limited (TATASTEEL)

Metals & Mining · Ferrous Metals · Listed on NSE

Market Cap: ₹2,70,692.8 Cr P/E: 29.5 ROE: 10.1% ROCE: 10.9%

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