Tata Steel Q1 net profit rises 12% to ₹2,318 crore, board okays ₹33,873 cr expansion at Neelachal Ispat Nigam
Tata Steel reported a 12% year-on-year increase in net profit to ₹2,318 crore for the first quarter of 2026. The company also announced a major ₹33,873 crore expansion project at its Neelachal Ispat Nigam facility to boost long product capacity.
Why it matters
As a major industrial player, Tata Steel's performance and capital expenditure reflect broader trends in the Indian manufacturing sector and global steel demand.
Tata Steel has reported 12% year-on-year (YoY) growth in net profit to ₹2,318 crore in the first quarter (Q1) ended June 2026 on strong product prices.
Consolidated revenues stood at ₹60,794 crore, reporting a 14% YoY expansion. India revenues were ₹36,989 crore and earnings before interest, taxes, depreciation and armotisation (EBITDA) was ₹9,908 crore, translating into an EBITDA margin of 27%.
Netherlands revenues were €1,445 million for the quarter and EBITDA was €4 million. Liquid steel production was 1.55 million tonnes and deliveries were 1.40 million tonnes, with operations affected by the closure of the Direct Sheet Plant.
The U.K revenues were £484 million for the quarter and EBITDA loss narrowed to £27 million.
The company has spent ₹3,579 crore on capital expenditure during the quarter. Net debt stood at ₹84,173 crore.
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