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MUMBAI, JULY 30, 2025
Tata Steel on Wednesday announced a robust performance for the first quarter of Financial Year 2026, posting a consolidated profit after tax (PAT) of Rs 2,007 crore, marking a significant 118 per cent increase year-on-year (YoY). The company’s consolidated revenues for April-June quarter stood at Rs 53,178 crore, with an EBITDA of Rs 7,480 crore and a margin of around 14 per cent. EBITDA grew 11 per cent quarter-on-quarter (QoQ) and 10 per cent YoY, driven by strategic initiatives across operations.
India remained a key growth driver, generating revenues of Rs 31,137 crore and EBITDA of Rs 7,486 crore, yielding an impressive margin of 24 per cent. PAT for India stood at Rs 3,454 crore, with EBITDA per ton rising by Rs 2,510 QoQ to Rs 15,760 per ton. The company produced 5.24 million tons of crude steel and delivered 4.75 million tons, despite maintenance shutdowns at Jamshedpur and Neelachal Ispat Nigam Limited. Production is expected to normalize in upcoming quarters.
International operations reported revenues of £536 million in the UK and €1,519 million in the Netherlands.
Tata Steel invested Rs 3,829 crore in capital expenditure during the quarter, including ramping up its 5 MTPA blast furnace at Kalinganagar and commissioning a Continuous Galvanising line in the 2.2 MTPA CRM complex. Construction is progressing on the Electric Arc Furnace (EAF) in Ludhiana. The company recently marked the start of construction for the UK’s largest low-carbon steelmaking facility.
Net debt stands at Rs 84,835 crore, while group liquidity remains strong at Rs 43,578 crore, including cash and cash equivalents of Rs 14,118 crore.
On July 24, Tata Steel completed the acquisition of 100 per cent equity stake in Neelachal Ispat Nigam Limited, further strengthening its foothold in the domestic steel sector.
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