ALFA Finder| Margins | Consolidated EBITDA improved by ~320 bps YoY. |
|---|---|
| Order book | Deliveries reached 31.97 million tons in FY2026. |
| Demand visibility | Positive on India growth opportunities. |
| Management confidence | High |
Growth
FY26 Revenue grew 6.2% YoY; EBITDA increased 35% to ₹34,848 Cr; PAT surged 243% YoY.
Outlook
Capex of ₹14,026 Cr in FY26; targeting ₹7,140 Cr cost savings in FY2027; Net Zero by 2045.
Risks
Global headwinds and transition risks associated with decarbonizing European operations.
Last quarter's promises, checked
Delivered
- Guided 95% compliance to ₹11,500 Cr savings → delivered ₹10,868 Cr (= BEAT)
- Guided FY26 Capex ~₹14,000 Cr → delivered ₹14,026 Cr (= BEAT)
- Guided Net Debt/EBITDA reduction → delivered 2.3x from 3.3x (= BEAT)
Partly delivered
- Guided 100% savings compliance → delivered 95% due to TSN delay (= PARTIAL)
Earnings Call filed with NSE, NSE: TATASTEEL. Summary written with AI assistance from the document.
Tata Steel Ltd: key numbers
- Share price
- ₹189.28
- Market cap
- ₹2,36,288 Cr
- Revenue (annual)
- ₹2,32,140 Cr
- Net profit (annual)
- ₹10,794 Cr
- P/E (TTM)
- 20.4×Sector 17.1×
- 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.
More from Tata Steel Ltd
All →Tata Steel Earnings Call Transcript: 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.
Tata Steel Capital Structure Change
Tata Steel's stake in subsidiary CPDPL rose from 51% to 57.5% via conversion of preference shares. CPDPL remains a subsidiary; no fresh capital was subscribed.
Tata Steel Management Change
Tata Steel reported the cessation of Noel Naval Tata as a Non-Executive Non-Independent Director, effective November 12, 2026, due to superannuation or retirement. The change was disclosed following the November 7, 2026 board meeting.
Tata Steel Results Update
Tata Steel's consolidated EBITDA rose to Rs 10,665 crore in the September quarter, up 17% YoY. Half-year EBITDA reached Rs 20,035 crore.
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
Tata Steel Acquisition
Tata Steel and subsidiary Rujuvalika Investments' Scheme of Amalgamation became effective November 3, 2026. RIL's ₹1.55 crore authorised capital merged, raising Tata Steel's to ₹32,621.05 crore.