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Tata Steel Ltd

Q2 FY27Ferrous Metals

Tata Steel Q2 Results 2026 (FY27): Revenue ₹65,436 Cr, PAT ₹3,700 Cr

Q2 FY27 investor presentation: what the company reported on revenue, margins and capex.

Revenue
₹65,436Cr
Net profit
₹3,700Cr
Margin
16.1%

Tata Steel Ltd Q2 FY27 key numbers

Revenue
Consolidated deliveries for 2QFY27: 7.92 million tons, up 0.1% YoY (7.91 million tons in 2QFY26).

As stated in Tata Steel Ltd's Q2 FY27 investor presentation · published 7 Nov 2026. Reported figures, not investment advice.

Based on Tata Steel Ltd's Q2 FY27 investor presentation. The company has not published an earnings-call transcript for this quarter, so figures here are what the investor presentation reports, not management guidance.

Price₹186
Market cap₹2.3L Cr
P/E19.7

The short version

Consolidated deliveries for 2QFY27: 7.92 million tons, up 0.1% YoY (7.91 million tons in 2QFY26). Consolidated EBITDA for 2QFY27: Rs 10,665 crores, up 14% QoQ and 17% YoY.

From Tata Steel Ltd's Q2 FY27 earnings-call transcript · updated 7 Nov 2026.

How did Tata Steel's revenue grow in the September 2026 quarter?

  • Consolidated deliveries for 2QFY27: 7.92 million tons, up 0.1% YoY (7.91 million tons in 2QFY26).
  • India deliveries: 5.98 million tons, up 8% YoY (5.55 million tons in 2QFY26).
  • Netherlands deliveries: 1.30 million tons, down 16% YoY (1.54 million tons in 2QFY26).
  • UK deliveries: 0.38 million tons, down 33% YoY (0.57 million tons in 2QFY26).
  • Consolidated revenue: Rs 65,436 crores, up 11% YoY (Rs 58,689 crores in 2QFY26).
  • India revenue: Rs 42,653 crores, up 23% YoY (Rs 34,787 crores in 2QFY26).
  • Netherlands revenue: €1,395 million, flat YoY (€1,389 million approx for 2QFY26).

2 more points from Tata Steel Ltd's call on revenue

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What happened to Tata Steel's margins in Q2 FY27?

See what Tata Steel Ltd said on profitability & margins — free account, 30 seconds.

What capex is Tata Steel planning?

  • Neelachal Ispat Nigam Limited (NINL) expansion: 4.8 MTPA capacity increase; execution phase underway; capex Rs 33,873 crores (Page 9, 30)
  • Hot Rolled Pickling & Galvanising Line (HRPGL) and Tinplate expansion at NINL: Construction in progress (Pages 9, 10)
  • Tata Steel Meramandali (TSM): 2.5 MTPA Thin Slab Caster and Rolling facility under development (Page 9)
  • Ludhiana Electric Arc Furnace (EAF): 0.75 MTPA capacity ramp-up in progress (Page 9)
  • Maharashtra project: Developing iron ore hub and 5 MTPA steel plant (Page 9)
  • Tata Steel Netherlands: Restart of Direct Sheet Plant completed; returning to rated capacity (Page 32)
  • Downstream facilities expansions:
  • TSK CRM complex including CAL (~0.9 MTPA) and two CGL lines (~0.5 MTPA each)
  • Galvanising line 0.7 MTPA HRPGL engineering and civil works in progress
  • Color coated facilities (~0.5 MTPA) at multiple locations
  • Tinplate phase 1 expansion from 0.4 to 0.7 MTPA, civil and equipment erection ongoing

2 more points from Tata Steel Ltd's call on capex

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Top-ranked in Ferrous Metals

Ranked on what management guided this quarter

Guidance-ranked
1Shri Hare-Krish.
Rev 1Mar 1
2Jindal Steel
Rev 2Mar 3
3
Rev 2Mar 3
4
Rev 2Mar 3
5
Rev 3Mar 2
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Rank buckets describe management commentary on revenue and margin. Not investment advice, and not a forecast of returns.

Is Tata Steel raising money or cutting debt?

See what Tata Steel Ltd said on fundraising & capital structure — free account, 30 seconds.

How big is Tata Steel's order book?

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Tata Steel Ltd — Quarterly revenue & net profit

Revenue Net profit
Mar 2025Q4 FY25
Jun 2025Q1 FY26
Sep 2025Q2 FY26
Dec 2025Q3 FY26
Mar 2026Q4 FY26
Jun 2026Q1 FY27

Q2 FY27 figures are not in this chart yet. Latest shown: Jun 2026 (Q1 FY27). The Q2 FY27 numbers from the filing are in the table below.

Tata Steel Ltd Q2 FY27 results — key figures

Tata Steel Ltd Q2 FY27 reported results vs year-ago quarter, ₹ crore
₹ CrQ2 FY27
Revenue65,436
Operating profit (EBITDA)10,533
Operating margin16.1%
Profit before tax5,343
Net profit (PAT)3,700
EPS (₹)2.94

Source: Tata Steel Ltd's results filing to NSE (consolidated), ₹ crore.

Reported quarterly figures (₹ Cr). Latest (Q1 FY27): revenue ₹60.8K Cr, net profit ₹2.4K Cr. Revenue and profit are scaled separately — hover a quarter for exact figures.

Full financials →

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What Tata Steel's management said in earlier quarters

Earlier calls (8)

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  • Jai Balaji Industries (Q2 FY27)

    Revenue from operations for Q2 ended 30th September 2026: ₹1,652.12 crores . Key results statement takeaways from Jai Balaji Industries Ltd's Q2 FY27 results st

  • Indian Metals (Q2 FY27)

    Q2 FY27 Revenue from Operations: ₹968.17 crore, up 34.72% YoY from ₹718.65 crore in Q2 FY26 (Page 37). Key results statement takeaways from Indian Metals & Ferr

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Frequently Asked Questions

What were Tata Steel Ltd Q2 FY27 results?

Consolidated deliveries for 2QFY27: 7.92 million tons, up 0.1% YoY (7.91 million tons in 2QFY26). Consolidated EBITDA for 2QFY27: Rs 10,665 crores, up 14% QoQ and 17% YoY.

What is Tata Steel Ltd share price analysis?

Tata Steel Ltd currently shows a neutral. The stock trades at a P/E of 19.6 with a market cap of ₹232,568 Cr. Investors should review the full earnings analysis for detailed insights.

Is Tata Steel Ltd planning capital expenditure?

Neelachal Ispat Nigam Limited (NINL) expansion: 4.8 MTPA capacity increase; execution phase underway; capex Rs 33,873 crores (Page 9, 30).

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This analysis is AI-generated based on publicly available earnings data and the company's investor presentation. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.