ALFA Finder
The call ran from 2:00 PM to 2:56 PM IST (56 min).
Key takeaways
Q2 FY27 consolidated revenue ₹1,26,231 Cr; EBITDA margin 16%, up from 15% in Q1. India delivered its strongest Q2 ever, while UK and Netherlands remain loss-making and the Netherlands decision is deferred to March 2027.
| Revenue growth | Consolidated revenue ₹1,26,231 Cr; YoY growth not stated. |
|---|---|
| Margins | Consolidated EBITDA margin 16% vs 15% Q1; Europe losses persist. |
| Demand visibility | India healthy demand; UK auto/construction seen down 2–4%. |
| Management confidence | Balanced; H2 better than H1, but UK break-even pushed. |
Growth
India deliveries +16% QoQ; consolidated EBITDA/t up ₹2,160 YoY. UK deliveries ~0.4 Mt vs 0.6 Mt target.
Outlook
H2 guided stronger than H1; FY27 cost savings ₹7,000 Cr target (₹1,800 Cr delivered H1); net debt ₹91,423 Cr.
Risks
UK import glut persists; EU quotas and CBAM constrain exports; Dutch coke-plant closure and slag handling unresolved.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Tata Steel Q2 FY27 Results: Net Profit ₹3,700 Cr, Up 16.2% YoY
Tata Steel Ltd reported revenue from operations of ₹65,436 Cr (+11.5% YoY) and net profit of ₹3,700 Cr (+16.2% YoY) for Q2 FY27.
- Key figure
- Net profit ₹3,700 Cr · +16.2% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
FY2027 capex guided at Rs 20,000 crores (60% India). Volume growth of 2MT+ expected for FY2027.
Growth they described
India deliveries up 8% YoY to 23MT. Consolidated EBITDA margin expanded 320 bps YoY to ~15%.
Call details
| Company | Tata Steel Ltd |
|---|---|
| NSE symbol | TATASTEEL |
| ISIN | INE081A01020 |
| Call | Q2 FY27 earnings call |
| Date | Saturday, 7 November 2026 |
| Time | 2:00 PM IST |
| Length | 56 min |
Tata Steel Ltd: key numbers
- Share price
- ₹186.30
- Market cap
- ₹2,32,568 Cr
- Revenue (annual)
- ₹2,32,140 Cr
- Net profit (annual)
- ₹10,794 Cr
- P/E (TTM)
- 21.1×Sector 17.0×
- Promoter holding
- 32.94%+0.00% QoQ
- FII holding
- 17.72%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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