Tata Steel Forges Ahead With Strong Q2 FY27 Earnings, Profit Surges 16% To ₹3,699.59 Crore As Revenue Tops ₹65,000 Crore And Noel Tata Prepares To Step Down

Mumbai: Tata Steel Limited disclosed a 16.2 percent rise in profits for the September quarter of FY27, reaching ₹3,699.59 crore. This growth was driven by higher revenue from operations, marking an 11.5 percent increase compared to the same period a year ago. The steel company's revenue reached ₹65,436.24 crore in the quarter, up from ₹58,689.29 crore in the previous year.

Total consolidated income expanded to ₹65,684.52 crore, up from ₹59,052.84 crore in the September quarter of FY26. This improvement was driven by robust topline performance. Tata Steel India crude steel production rose by 10 percent year-on-year to 6.21 million tonnes during the period.

Despite higher total expenses, which increased by 11.4 percent to ₹60,690.32 crore from ₹54,460.71 crore in the year-ago quarter, Tata Steel managed to maintain profitability. Net profit growth surpassed revenue expansion, with basic and diluted earnings per share increasing to ₹2.94 from ₹2.49 in the corresponding quarter last year.

For the six months ending September 30, 2026, Tata Steel reported ₹1,26,230.53 crore in consolidated revenue from operations and ₹6,084.83 crore in net profit for H1 FY27. The company is set to shed Noel Naval Tata as non-executive, non-independent director and vice chairman, with his retirement effective after business hours on November 11, 2026, in accordance with Tata Group governance guidelines.