Tata Steel Q2 Results FY27: PAT Up 16.23% to Rs 3,699.59 Cr, Revenue Rs 65,436.24 Cr
- November 7, 2026
- Posted by: Harsh Piplani
- Category: Results
Quick Answer
Tata Steel Q2 Results FY27 were declared on 7 November 2026 on a Consolidated basis. The quarterly results show revenue of Rs 65,436.24 Cr, up 11.5% from Rs 58,689.29 Cr a year earlier, while net profit rose 16.23% to Rs 3,699.59 Cr from Rs 3,183.09 Cr. Operating Profit reached Rs 10,533.07 Cr, an 18.4% increase. This YoY growth on all three lines defines the quarter.
Tata Steel Ltd (TATASTEEL) Q2 Results FY27 announced on 7 November 2026, covering the company’s financial performance for the July to September quarter. The results date brought a Consolidated set of numbers with revenue of Rs 65,436.24 Cr and PAT of Rs 3,699.59 Cr, so Tata Steel Q2 Results FY27 carry a clear YoY direction on both lines. The company trades on NSE and BSE.
This Tata Steel Q2 Results review is a results analysis covering financial highlights, business drivers, outlook and risks. Univest readers can follow the same numbers on the Univest Screener, and the Financial Highlights below set out the revenue, Operating Profit and net profit comparison first.
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Tata Steel Q2 Results FY27: Financial Highlights
| Metric | Q2 FY27 (Sep 26) | Q2 FY26 (Sep 25) | YoY Change |
|---|---|---|---|
| Revenue | Rs 65436.24 Cr | Rs 58689.29 Cr | +11.5% YoY |
| Operating Profit | Rs 10533.07 Cr | Rs 8896.54 Cr | +18.4% YoY |
| Net Profit (PAT) | Rs 3699.59 Cr | Rs 3183.09 Cr | +16.23% YoY |
Source: company filing for Tata Steel Q2 Results FY27, 7 November 2026. Figures in Rs Crore, Consolidated basis.
Key Takeaways from Tata Steel Q2 Results: What Stands Out
- Revenue of Rs 65,436.24 Cr is up 11.5% YoY, an addition of Rs 6,746.95 Cr over the Rs 58,689.29 Cr reported a year earlier.
- Net profit of Rs 3,699.59 Cr is up 16.23% YoY from Rs 3,183.09 Cr, a gain of Rs 516.50 Cr that outpaced the revenue growth.
- Operating Profit of Rs 10,533.07 Cr rose 18.4% YoY from Rs 8,896.54 Cr, the fastest YoY growth of the three lines in Tata Steel Q2 Results FY27.
- Sequential revenue is up 7.6% from Rs 60,794.29 Cr in the previous quarter, which adds a quarter-on-quarter view to the YoY comparison.
- Debt at 0.84 times total assets in FY26 is the first of three disclosed risks, covered later in the article.
- Next, the performance analysis sets out how revenue, Operating Profit and net profit compare in more detail.
Tata Steel Q2 Results FY27: Performance Analysis
The numbers show growth on every reported line. Tata Steel posted revenue of Rs 65,436.24 Cr, Operating Profit of Rs 10,533.07 Cr and net profit of Rs 3,699.59 Cr, each higher than the same quarter last year. Revenue grew 11.5%, net profit grew 16.23% and Operating Profit grew 18.4% on a Consolidated basis.
In absolute terms, revenue moved from Rs 58,689.29 Cr to Rs 65,436.24 Cr, a rise of Rs 6,746.95 Cr. Operating Profit moved from Rs 8,896.54 Cr to Rs 10,533.07 Cr, a rise of Rs 1,636.53 Cr, and net profit moved from Rs 3,183.09 Cr to Rs 3,699.59 Cr. Tata Steel Q2 Results FY27 therefore show Operating Profit growing faster than revenue.
Investors reading the Tata Steel Q2 Results will also want to track the next quarterly results to see whether the YoY growth holds. The Consolidated figures in the Financial Highlights table remain the reference point for later filings, which is where the results analysis turns to the business factors.
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Key Business Factors This Quarter
Revenue growth – The results analysis points to revenue of Rs 65,436.24 Cr, up 11.5% year on year, as the first disclosed factor. This is the base on which Operating Profit and net profit were built in the latest quarter.
Net profit growth – Net profit rose 16.2% year on year to Rs 3,699.59 Cr, which is the second disclosed factor. Tata Steel Q2 Results FY27 show that this growth in net profit came alongside the higher revenue base and not in place of it.
Sequential revenue – Revenue was up 7.6% quarter on quarter from Rs 60,794.29 Cr, the third disclosed factor. This sequential gain sits next to the YoY gain and gives the quarterly results a second reference point.
FY27 Outlook After Tata Steel Q2 Results
The FY27 full-year picture will build quarter by quarter, so each filing after this one adds to the picture. Tata Steel Q2 Results FY27 give the first half of that story a revenue base of Rs 65,436.24 Cr for the quarter, and the results analysis can be extended as later numbers arrive.
What matters for net profit over the rest of FY27 is how the quarterly figures compare with those of the same quarters last year. Univest will track those comparisons as they arrive, and the next section turns to the risks that sit alongside the growth.
Key Risks to Watch After Tata Steel Q2 Results FY27
High Debt Relative to Assets
Debt stands at 0.84 times total assets in FY26, which is a high level. Investors tracking Tata Steel Q2 Results FY27 should watch how this ratio develops alongside YoY growth in revenue and net profit.
Decline in Per-Share Profit Since FY22
Annual per-share profit has slipped between FY22 and FY26, which is a long-run concern that sits behind the latest quarter. A single quarter of growth does not by itself change that multi-year pattern.
Return on Equity Below 15%
Return on equity of 11.44% in FY26 is below the 15% mark that investors often use as a benchmark. Higher net profit in coming quarters would be needed to move that ratio closer to the benchmark.
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Conclusion
Tata Steel Q2 Results FY27 show Consolidated revenue of Rs 65,436.24 Cr and net profit of Rs 3,699.59 Cr, both higher YoY. The quarterly results also show Operating Profit of Rs 10,533.07 Cr, up 18.4%. Anyone reading the Tata Steel Q2 Results as a guide should keep the debt and return ratios in view and consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.
Frequently Asked Questions on Tata Steel Q2 Results FY27
What are Tata Steel Q2 Results FY27?
Ans. Tata Steel Q2 Results FY27 cover the July to September 2026 quarter, with revenue of Rs 65,436.24 Cr and net profit of Rs 3,699.59 Cr. Alongside this, the basis is Consolidated, as the Quick Answer explains.
What is the results date for Tata Steel Q2 Results FY27?
Ans. Tata Steel declared the quarterly results on 7 November 2026 for the July to September quarter. Alongside this, the results date anchors every YoY comparison in the opening paragraphs of the article, which cover the filing in detail.
What revenue was reported in Tata Steel Q2 Results FY27?
Ans. Tata Steel reported revenue of Rs 65,436.24 Cr for the quarter, against Rs 58,689.29 Cr a year earlier. This means revenue rose 11.5% YoY, as the Financial Highlights table and the Key Takeaways section show.
What net profit was reported in Tata Steel Q2 Results FY27?
Ans. Tata Steel reported net profit of Rs 3,699.59 Cr, compared with Rs 3,183.09 Cr a year earlier. This means net profit rose 16.23% YoY, which the Key Takeaways section sets out alongside the revenue move.
How much YoY growth did revenue show in Tata Steel Q2 Results FY27?
Ans. Tata Steel Q2 Results FY27 show revenue YoY growth of 11.5%, an addition of Rs 6,746.95 Cr over the year-earlier quarter. Compared with this, Operating Profit grew faster at 18.4%, as the Performance Analysis section explains.
Did net profit rise or fall in Tata Steel Q2 Results?
Ans. Net profit rose in Tata Steel Q2 Results, up 16.23% YoY to Rs 3,699.59 Cr from Rs 3,183.09 Cr. This rise of Rs 516.50 Cr outpaced the 11.5% revenue growth, as the Performance Analysis section notes.
What was the Operating Profit in Tata Steel Q2 Results FY27?
Ans. Operating Profit in Tata Steel Q2 Results FY27 was Rs 10,533.07 Cr, up 18.4% YoY from Rs 8,896.54 Cr. Compared with revenue growth of 11.5%, this is the fastest-growing of the three lines, as the Key Takeaways section shows.
Are Tata Steel Q2 Results consolidated results or standalone results?
Ans. Tata Steel Q2 Results are consolidated results, which means the figures cover the group and not only the parent company. The article states this basis in the Quick Answer and the first paragraph, so every figure follows it.
What business factors shaped Tata Steel Q2 Results FY27?
Ans. Three factors shaped the quarter: revenue growth of 11.5% YoY, net profit growth of 16.2% YoY, and revenue up 7.6% from Rs 60,794.29 Cr in the previous quarter, as the Key Business Factors section lists.
What are the key risks after Tata Steel Q2 Results FY27?
Ans. The disclosed risks are debt at 0.84 times total assets in FY26, falling per-share profit since FY22, and return on equity of 11.44%, below 15%. The Key Risks section covers each in turn.
What is the outlook after Tata Steel Q2 Results?
Ans. The FY27 full-year picture will build quarter by quarter, so the next filings matter alongside this one. Alongside this, the Outlook section explains how the net profit and revenue trends will be tracked from here.
Where can I find the complete Tata Steel Q2 Results FY27 data?
Ans. The complete data sits in the Financial Highlights table, which lists revenue, Operating Profit and net profit with YoY changes. The Univest Screener also tracks Tata Steel alongside other listed companies, so readers can compare.
