| Metric | Value (₹ Cr) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 58.7K | 10.4% | 8.9% |
| Total Income | 59.1K | 10.4% | 8.3% |
| Expenditure | 54.5K | 8.2% | 4.1% |
| PBT | 4.2K | 39.6% | 90.5% |
| Net Profit | 3.2K | 58.6% | 319.5% |
| OPM | 14.44% | 0.72pp | 19.96pp |
| NPM | 5.39% | 1.64pp | 3.95pp |
| EPS | 2.49 | 49.1% | 271.6% |
Tata Steel Reports Consolidated EBITDA of Rs 9,106 Crores for Q3 and Rs 16,585 Crores for H1 2025
12 Nov 2025 · 12 Nov 2025, 06:25 pm
Summary
Tata Steel has reported a consolidated EBITDA of Rs 9,106 crores for the quarter and Rs 16,585 crores for the half year ended September 30, 2025. The company's revenues and EBITDA have improved YoY and QoQ across all regions.
Key Highlights
- 1
Consolidated Revenues for H1 2025 were Rs 1,11,867 crores and EBITDA was Rs 16,585 crores with a margin of around 15%.
- 2
India' revenues were Rs 65,924 crores and EBITDA was Rs 16,140 crores, which translates to an EBITDA margin of 24%.
- 3
Netherlands revenues were €3,070 million and EBITDA was €155 million, doubled on YoY basis.
- 4
UK revenues were £1,041 million and EBITDA loss was £107 million, halved on YoY basis.
- 5
Consolidated Revenues for the Jul — Sep 2025 quarter were Rs 58,689 crores and EBITDA was Rs 9,106 crores with a margin of around 16%.
- 6
Crude steel production in India was up 8% QoQ to 5.65 million tons and deliveries were up 17% QoQ to 5.55 million tons.
- 7
Liquid steel production in the Netherlands was 1.67 million tons and deliveries were 1.54 million tons.
- 8
UK deliveries were 0.57 million tons and were marginally lower due to subdued demand.
- 9
Tata Steel spent Rs 3,250 crores on capital expenditure during the quarter and Rs 7,079 crores for the half year.
- 10
Net debt stands at Rs 87,040 crores.
- 11
Tata Steel signed a non-binding Joint Letter of Intent with the Government of the Netherlands and the province of North-Holland on an integrated health measures & decarbonisation project.
- 12
Tata Steel has executed a share purchase agreement with BlueScope Steel to acquire the balance 50% stake in Tata BlueScope Steel Private Limited.
Management Comments
Mr. T V Narendran
Chief Executive Officer & Managing Director
The global operating environment remained challenging with persistent overhang of tariffs, geopolitical tensions and elevated steel exports. Despite this, Tata Steel delivered a resilient performance with the EBITDA margin improving for the second consecutive quarter. In India, while the crude steel production rose 8%, deliveries grew at a higher rate of 17% QoQ as our marketing franchise enabled us to scale effectively. We continue to strengthen our market leadership across key segments, underpinned by capacity expansion and a focused downstream strategy.
Mr. Koushik Chatterjee
Executive Director and Chief Financial Officer
Tata Steel has continued to perform despite the challenging operating environment. For the quarter ended 30t September 2025, EBITDA margin improved by 145 bps QoQ and 280 bps for the half year, reflecting operational strength and cost discipline. Consolidated revenues for the quarter stood at Rs 58,689 crores, while EBITDA was Rs 9,106 crores, translating to a margin of ~16% or Rs 11,518 per ton.
Informational and educational content only. Not investment advice.