Tata Steel Reports Consolidated EBITDA of Rs 9,370 Crores for Q1FY27; India Operations Drive Growth

Tata Steel Reports Consolidated EBITDA of Rs 9,370 Crores for Q1FY27; India Operations Drive Growth​

Tata Steel Limited announced its consolidated financial results for the quarter ended June 30, 2026. The company reported total revenues of Rs 60,794 crores and a Consolidated EBITDA of Rs 9,370 crores. This represents a 25% year-on-year improvement in EBITDA despite navigating a volatile operating environment.

The performance across the global portfolio showed varied outcomes. India operations remained the primary contributor to stability and growth, reporting revenues of Rs 36,989 crores and an EBITDA of Rs 9,908 crores, yielding a margin of 27%. The EBITDA per ton for India improved by Rs 3,255 compared to the previous quarter, reaching Rs 19,162 per ton.

In terms of operations, crude steel production in India stood at 5.76 million tons, with deliveries recorded at 5.17 million tons. Management noted that quarterly production and deliveries were impacted by maintenance shutdowns conducted at Meramandali and Kalinganagar, though these operations are expected to normalize in the coming quarters.

Overseas segments showed mixed performance. The Netherlands generated revenues of € 1,445 million with an EBITDA of € 4 million. Operations there were affected by the closure of the Direct Sheet Plant. Meanwhile, UK operations recorded a revenue of £484 million, narrowing the previous quarter’s EBITDA loss to £27 million.

Strategic and Financial Health

During the reporting period, Tata Steel spent Rs 3,579 crores on capital expenditure. The company maintained strong financial health, with net debt standing at Rs 84,173 crores. This placed the Net Debt to EBITDA ratio at 2.3x. Group liquidity was reported at Rs 45,950 crores, which includes cash and cash equivalents totaling Rs 13,221 crores.

The Board had previously approved a core project for steelmaking capacity expansion of 4.8 MTPA in Neelachal Ispat Nigam Limited (NINL) at an estimated capital expenditure of Rs 33,873 crores. This expansion aims to further bolster Tata Steel’s long products portfolio, particularly in the retail sector.

Financial Highlights Snapshot

The following table provides a snapshot of key financial metrics across consolidated and segment performance for Q1FY27:


The comprehensive financial performance data for the quarter is detailed below:

<table>
<thead>
<tr>
<th>Key Profit & Loss account items</th>
<th>India 1 (1QFY27)</th>
<th>Consolidated (1QFY27)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Production (mn ton)</td>
<td>5.76</td>
<td>7.69</td>
</tr>
<tr>
<td>Deliveries (mn ton)</td>
<td>5.17</td>
<td>7.27</td>
</tr>
<tr>
<td>Turnover</td>
<td>36,989</td>
<td>60,794</td>
</tr>
<tr>
<td>EBITDA</td>
<td>9,908</td>
<td>9,370</td>
</tr>
<tr>
<td>EBITDA per ton (Rs.)</td>
<td>19,162</td>
<td>12,898</td>
</tr>
<tr>
<td>Reported Profit after Tax</td>
<td>4,668</td>
<td>2,385</td>
</tr>
</tbody>
</table>

Note: All figures are in Rs. crores unless specified otherwise.

TATASTEEL Stock Price Movement​

Tata Steel Limited shares today slipped by 0.15% to settle at ₹186.92 after trading in a downward trend. The stock saw significant activity, with traded volume reaching 13.77 million shares as it stayed within its intraday range of ₹186.1 and ₹188.99.