Tata Steel Q2 results with margin expansion; Tata BlueScope acquisition cleared

EBITDA margin expansionProfit growth above 25%Exceptional itemResults restatedResults View source PDF Explain this filing

TATASTEEL · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

timing

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

Stock

-1.3

10m

-1.1

15m

-0.9

30m

-1.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.2+0.0-1.2-0.2-1.0

Next day

-2.6+0.1-2.7-0.7-1.9

-3.0+0.5-3.5-0.8-2.1

-3.5+0.1-3.6-2.6-0.9

-3.1+0.5-3.6-2.3-0.8

-3.5+1.0-4.5-3.3-0.3

-7.4-0.2-7.2-6.7-0.7

15d

-6.6+0.2-6.8-7.0+0.4

-3.4+0.2-3.6-4.9+1.6

+2.1-0.8+2.9-4.0+6.1

+13.6-1.5+15.1+3.7+9.8

UpDownMarket · Nifty 100Sector · Iron & Steel peers, median of 9Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Tata Steel Q2 FY26 standalone revenue rose to Rs 34,680 cr from Rs 32,399 cr YoY; net profit at Rs 4,060 cr versus Rs 3,591 cr. H1 standalone net profit Rs 7,583 cr versus Rs 6,922 cr. Standalone EBITDA margin expanded to 24.2 percent from 20.8 percent. Consolidated Q2 net profit surged to Rs 3,183 cr from Rs 759 cr YoY. Board approved acquiring the remaining 50 percent in Tata BlueScope Steel JV for up to Rs 1,100 cr, making it a wholly owned subsidiary.

Likely market impact

Earnings beat, especially consolidated; margin expansion is positive for shareholders. TBSPL acquisition consolidates a profitable JV, subject to CCI approvals.