In short: Tata Steel reports Q2 FY27 results on 7 November 2026. In Q1 FY27, revenue rose 14.3% to ₹60,794 crore from a year earlier and net profit rose 11.6% to ₹2,318 crore. Things to watch: India volumes, India prices and Netherlands.
What to watch in Tata Steel's Q2 FY27 results
- India volumes. Tata Steel's provisional update on 7 October put India crude steel output at 6.21 million tonnes in Q2, up 8% from Q1, and deliveries at 5.97 million tonnes, up 15%. In Q1, India EBITDA was ₹9,908 crore, or ₹19,162 a tonne.
- India prices. On the Q1 call, CEO T V Narendran guided India realisations about ₹1,500 a tonne lower in Q2 than in Q1, with long products weaker in the monsoon, but expected the extra volume to lift India EBITDA in rupees. Coking coal costs in India were seen about $5 a tonne higher.
- Netherlands. Tata Steel Netherlands earned EBITDA of just €4 million on €1,445 million of revenue in Q1, hit by the shutdown of its Direct Sheet Plant. The plant restarted in August and is running at rated capacity, though Q2 deliveries slipped to 1.30 million tonnes from 1.40 million.
- UK and debt. The UK EBITDA loss narrowed to £27 million in Q1. Q2 UK deliveries fell to 0.38 million tonnes from 0.48 million, which the company puts down to stock built up before new safeguard measures took effect on 1 July. Net debt was ₹84,173 crore, 2.3 times EBITDA.
Tata Steel Q1 FY27 results at a glance
- Revenue from operations was ₹60,794 crore, up 14.3% from a year earlier and down 3.9% from the previous quarter.
- Net profit was ₹2,318 crore, up 11.6% from a year earlier and down 20.8% from the previous quarter.
- EBITDA was ₹9,370 crore, up 25.3% from a year earlier and down 5.9% from the previous quarter.
- Operating EBITDA margin was 15.41%, down 32 bps from the previous quarter and up 134 bps from a year earlier.
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 60,794 | 63,270 | 53,178 | −3.9% | +14.3% |
| EBITDA (₹ crore) | 9,370 | 9,953 | 7,480 | −5.9% | +25.3% |
| Net profit (₹ crore) | 2,318 | 2,926 | 2,078 | −20.8% | +11.6% |
| Operating EBITDA margin | 15.41% | 15.73% | 14.07% | −32 bps | +134 bps |
Tata Steel Q2 FY27 results: questions
When will Tata Steel announce Q2 FY27 results?
Tata Steel Limited reports results for the quarter ended 30 September 2026 on 7 November 2026.
What time is the Tata Steel earnings call?
The earnings call is at 2:00 pm IST on 7 November 2026.
What were Tata Steel's results last quarter?
In Q1 FY27, revenue from operations was ₹60,794 crore (+14.3% YoY) and net profit was ₹2,318 crore (+11.6% YoY).
Other Q2 FY27 results
- Adani Green Energy Q2 FY27 results · 21 October 2026 · net profit +15.4% YoY
- Indian Hotels Q2 FY27 results · 21 October 2026 · net profit +22.7% YoY
- Ather Energy Q2 FY27 results · 26 October 2026 · net profit against a ₹154 crore loss a year earlier
- Larsen & Toubro Q2 FY27 results · 27 October 2026 · net profit +32.5% YoY
- Reliance Industries Q2 FY27 results · 30 October 2026 · net profit +40.6% YoY
- Bharti Airtel Q2 FY27 results · 5 November 2026
- Titan Q2 FY27 results · 5 November 2026
- Britannia Q2 FY27 results · 5 November 2026
- ONGC Q2 FY27 results · 5 November 2026
- Hindalco Q2 FY27 results · 6 November 2026
- Tata Steel Q2 FY27 results · 7 November 2026
All Q2 FY27 results in one place
Sources
- Tata Steel: Q1 FY27 standalone and consolidated results, 30 July 2026
- Tata Steel: Q1 FY27 press release and investor presentation, 30 July 2026
- Tata Steel: Q1 FY27 earnings call transcript, 6 August 2026
- Tata Steel: Q2 FY27 production and delivery volumes (provisional), 7 October 2026
- Tata Steel: Q2 FY27 earnings discussion, 30 October 2026
- Tata Steel: board meeting moved to 7 November 2026, 24 October 2026
This page is educational research based on company results filings and AMFI data. It is not a recommendation to buy or sell any security or fund, or personalised investment advice. Investments in securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.