Tata Steel Q2 results: net profit rises 18.2% to Rs 3,666 crore
Tata Steel told the NSE its consolidated Q2 FY27 profit attributable to owners rose 18.2% to Rs 3,666.41 crore, on revenue of Rs 65,436.24 crore, up 11.5% year on year.
Key points
- Tata Steel said in an NSE filing that its board approved results for the quarter and half year ended 30 September 2026.
- Consolidated profit attributable to owners was Rs 3,666.41 crore, up 18.2% year on year and 58.1% from the previous quarter.
- The filing says the auditors' report carries a modified opinion, to which the company responds in note 4 of the results.
Tata Steel reported consolidated net profit attributable to its owners of Rs 3,666.41 crore for the quarter ended 30 September 2026, up 18.2% from Rs 3,101.75 crore a year earlier. Revenue from operations rose 11.5% to Rs 65,436.24 crore, according to the company's filing with the National Stock Exchange on 7 November 2026.
What Happened
The company's board approved the audited standalone and unaudited consolidated results for the quarter and half year ended 30 September 2026 at a meeting held on 7 November 2026. The figures below are consolidated, as the filing's table gives them.
Total revenue from operations was Rs 65,436.24 crore in the quarter. That compares with Rs 58,689.29 crore in the same quarter a year earlier (up 11.5%) and Rs 60,794.29 crore in the previous quarter (up 7.6%).
Net profit for the period, before the share of non-controlling interests, was Rs 3,699.59 crore. The part attributable to the owners of the company was Rs 3,666.41 crore. That is 18.2% higher than the Rs 3,101.75 crore of the same quarter last year and 58.1% higher than the Rs 2,318.35 crore of the previous quarter.
Profit before exceptional items and tax was Rs 5,106.47 crore. Exceptional items in the quarter added a net Rs 348.68 crore, against a net charge of Rs 420.41 crore a year earlier. The table lists a fair value gain of Rs 454.74 crore on non-current investments among them. Total tax expense was Rs 1,755.56 crore. Basic earnings per share were Rs 2.94 for the quarter.
For the six months ended 30 September 2026, consolidated revenue from operations was Rs 1,26,230.53 crore, up 12.8% from Rs 1,11,867.41 crore a year earlier. Net profit attributable to owners was Rs 5,984.76 crore, up 15.5% from Rs 5,179.43 crore.
The filing says the statutory auditors' report on the results carries a modified opinion. It says the company's response to that opinion is in point 4 of the notes to the results. That part of the filing was not available in the text Oquilia read, so this report does not describe the opinion.
The board also noted that its Vice Chairman, a non-executive and non-independent director, will retire from the board at the close of business on 11 November 2026. The filing says this is in line with the Tata Group Governance Guidelines.
What It Means
The filing gives the company's own reported numbers for the quarter. For a shareholder, the useful comparisons are those the filing itself supports: revenue and profit attributable to owners are both higher than in the same quarter of 2025 and in the previous quarter.
Readers who want the full picture should read the company's filing, including the auditors' report and the company's response to the modified opinion in note 4 of the results. Complaints about listed companies can be made at https://scores.sebi.gov.in.
Oquilia Data: Tata Steel Ltd. (NSE: TATASTEEL)
| Close, 6 Nov 2026 | Rs 186.30 (+2.36% on the day) |
|---|---|
| Return 1M / 3M / 6M / YTD / 1Y | +4.26% / −1.58% / −13.54% / +3.45% / +5.09% |
| Against Nifty 50, 1M / 3M / YTD | −5.64 / −3.19 / +7.66 points |
| 52-week closing high / low | Rs 221.13 (14 May 2026) / Rs 160.67 (9 Dec 2025) |
| Turnover, 20-session average | Rs 384.15 cr; 47.6% delivered; latest volume 1.5x |
Closes adjusted for splits and bonuses; returns exclude dividends. Facts from NSE's files, not investment advice.
Full record: Tata Steel share price on Oquilia
Source: Company filing on NSE
Sources & Citations
- Company filing on NSE — National Stock Exchange of India