07-Nov-2026 13:36:59
TATA STEEL Q2 FY27: REVENUE UP 11.5% YOY, EBITDA RISES 17%, PAT JUMPS 16%; INDIA DELIVERIES GROW 16% QOQ, ₹7,140 CR FY27 COST-SAVINGS TARGET & 4.8 MTPA NINL EXPANSION UNDERWAY
• India Business: Revenue at ₹42,653 Cr, with EBITDA of ₹10,634 Cr and margin of 25%. • Steel Deliveries: Consolidated deliveries reached 7.92 million tonnes, up 9% QoQ; India deliveries surged 16% QoQ to 5.98 million tonnes. • Automotive Business: Achieved record Q2 volumes of approximately 1.1 million tonnes, supported by 26% growth in high-end sales. • Cost Savings Guidance: Targets ₹7,140 Cr savings in FY27, with approximately ₹1,793 Cr achieved so far. • Capacity Expansion: 4.8 MTPA NINL expansion entered execution phase; India steelmaking capacity scalable beyond 40 MTPA. • Downstream Expansion: Progressing 0.7 MTPA galvanising line, tinplate expansion and other value-added steel projects. • Netherlands Business: EBITDA improved to €72 Mn from €4 Mn QoQ following Direct Sheet Plant restart. • UK Business: Reported EBITDA loss of £56 Mn; 3 MTPA electric arc furnace project progressing. • Capex: Invested ₹6,860 Cr during H1 FY27, including ₹3,280 Cr in Q2. • Balance Sheet: Net debt at ₹91,423 Cr, net debt/EBITDA at 2.4x and liquidity at ₹40,076 Cr. • H1 FY27 Performance: Revenue at ₹1,26,231 Cr; EBITDA increased 21% YoY to ₹20,035 Cr. • Management Outlook: Focused on India volume growth, premium steel products, cost optimisation, downstream expansion and improving European operations, while monitoring raw material costs and global steel market challenges.
TATA STEEL LIMITED