Tata Steel Q2 FY26: PAT over threefold YoY, to acquire full ownership of Tata BlueScope

Profit growth above 25%Exceptional itemResults View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-1.2%Reaction day

₹178.70

prior close

₹184.00

announcement price

After-mkt

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Nifty 100market · index membership as recorded later (tracked since Jun 2026)+0.0%-1.2% vs market

Iron & Steel peers, median of 9sector-0.2%-1.0% vs sector

On the reaction day the stock moved 1.2 pts less than Nifty 100 and 1.0 pts less than its Iron & Steel peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Next day

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AI summary

Board approved Q2 and H1 FY26 results. Standalone Q2 revenue Rs 34,680 cr, net profit Rs 4,060 cr. Consolidated Q2 revenue Rs 58,689 cr, net profit Rs 3,183 cr versus Rs 759 cr last year. H1 consolidated PAT Rs 5,190 cr versus Rs 1,677 cr, over threefold jump. Board also approved acquiring remaining 50% stake in Tata BlueScope Steel for up to Rs 1,100 cr from BlueScope, making it a wholly owned unit. Auditor Price Waterhouse gave a clean unmodified opinion. Standalone results carried exceptional items of Rs 619 cr for H1.

Likely market impact

Strong consolidated profit growth signals demand recovery and margin improvement. BlueScope deal expands coated steel presence. Overall positive for shareholders.