Tata Steel Q2 FY27 consolidated revenue Rs 65,436.24 cr, PAT Rs 3,699.59 cr

What the numbers show

• Net margin was 5.65% of revenue, against 5.42% a year earlier.
• Cost of materials accounted for Rs 3,662.51 cr of the Rs 6,229.61 cr rise in total expenses (58%).
• Other expenses took 34.0% of revenue, against 32.4% a year earlier.

Key numbers (consolidated statement of financial results)

• Revenue from operations: Rs 65,436.24 cr (Q2 FY26: Rs 58,689.29 cr)
• Other income: Rs 248.28 cr (Q2 FY26: Rs 363.55 cr)
• Total income: Rs 65,684.52 cr (Q2 FY26: Rs 59,052.84 cr)
• Cost of materials consumed: Rs 21,521.88 cr (Q2 FY26: Rs 17,859.37 cr)
• Purchases of stock-in-trade: Rs 6,229.02 cr (Q2 FY26: Rs 5,587.57 cr)
• Changes in inventories of finished and semi-finished goods, stock-in-trade and work-in-progress: Rs (1,757.41) cr (Q2 FY26: Rs 979.14 cr)
• Employee benefits expense: Rs 6,665.51 cr (Q2 FY26: Rs 6,349.08 cr)
• Finance costs: Rs 2,005.32 cr (Q2 FY26: Rs 1,774.96 cr)
• Depreciation and amortisation expense: Rs 3,781.83 cr (Q2 FY26: Rs 2,893.00 cr)
• Other expenses: Rs 22,244.17 cr (Q2 FY26: Rs 19,017.59 cr)
• Total expenses: Rs 60,690.32 cr (Q2 FY26: Rs 54,460.71 cr)
• Profit before share of profit/(loss) of joint ventures & associates, exceptional items & tax: Rs 4,994.20 cr (Q2 FY26: Rs 4,592.13 cr)
• Share of profit/(loss) of joint ventures & associates: Rs 112.27 cr (Q2 FY26: Rs 50.75 cr)
• Profit before exceptional items & tax: Rs 5,106.47 cr (Q2 FY26: Rs 4,642.88 cr)
• Exceptional items (total): Rs 348.68 cr (Q2 FY26: Rs (420.41) cr)
• Profit before tax: Rs 5,455.15 cr (Q2 FY26: Rs 4,222.47 cr)
• Total tax expense: Rs 1,755.56 cr (Q2 FY26: Rs 1,039.38 cr)
• Net profit for the period: Rs 3,699.59 cr (Q2 FY26: Rs 3,183.09 cr)
• Profit attributable to owners of the Company: Rs 3,666.41 cr (Q2 FY26: Rs 3,101.75 cr)
• Profit attributable to non controlling interests: Rs 33.18 cr (Q2 FY26: Rs 81.34 cr)
• Total other comprehensive income: Rs 654.46 cr (Q2 FY26: Rs 1,490.79 cr)
• Total comprehensive income: Rs 4,354.05 cr (Q2 FY26: Rs 4,673.88 cr)
• Paid-up equity share capital: Rs 1,247.43 cr (Q2 FY26: Rs 1,247.43 cr)
• Earnings per share (basic, not annualised, after exceptional items): Rs 2.94 (Q2 FY26: Rs 2.49)
• Earnings per share (diluted, not annualised, after exceptional items): Rs 2.94 (Q2 FY26: Rs 2.49)

For the quarter ended on 30.09.2026, Tata Steel Limited reported consolidated revenue from operations of Rs 65,436.24 cr, compared with Rs 58,689.29 cr in the corresponding quarter ended on 30.09.2025, as per the consolidated statement of profit and loss. Total income rose to Rs 65,684.52 cr from Rs 59,052.84 cr over the same period.

Total expenses increased to Rs 60,690.32 cr in Q2 FY27 from Rs 54,460.71 cr in Q2 FY26, with higher cost of materials consumed, purchases of stock-in-trade, employee benefits expense, finance costs, depreciation and amortisation expense, and other expenses. Profit before exceptional items and tax was Rs 5,106.47 cr versus Rs 4,642.88 cr a year earlier, after including share of profit/(loss) of joint ventures and associates of Rs 112.27 cr (Q2 FY26: Rs 50.75 cr).

Exceptional items for the quarter were a net gain of Rs 348.68 cr, compared with a net charge of Rs (420.41) cr in the corresponding quarter. After exceptional items, profit before tax stood at Rs 5,455.15 cr, up from Rs 4,222.47 cr in Q2 FY26. Total tax expense was Rs 1,755.56 cr, versus Rs 1,039.38 cr in the year-ago quarter. Net profit for the period was Rs 3,699.59 cr, compared with Rs 3,183.09 cr in the same quarter last year. Basic and diluted earnings per share (not annualised, after exceptional items) were Rs 2.94, against Rs 2.49 in Q2 FY26.