Coal news and updates

Tata Steel's net up over two-fold in Q1

Tata Steel has reported a consolidated profit after tax (PAT) at Rs 2,007 crore during April-June quarter (Q1) of 2025-26 (FY26), up by 118 percent as compared to Rs 919 crore during the year-ago quarter, according to a company release.

For India operations, PAT during the quarter stood at Rs 3,454 crore, up by 3.5 percent as compared to Rs 3,337 crore during Q1 FY25.

During Q1 FY26, the company’s consolidated revenue stood at Rs 53,178 crores down by 3 percent as compared to Rs 54,771 crore during the year-ago quarter. EBITDA was at Rs 7,480 crore with a margin of around 14 percent. EBITDA improved by 10 percent over the year-ago quarter.

During Q1 FY26, revenue from India operations stood at Rs 31,137 crores and EBITDA was at Rs 7,486 crores, which translates to a margin of 24%. India EBITDA per ton improved by Rs 2,510 per ton QoQ to Rs 15,760 per ton.

Crude steel production during the quarter was at 5.24 million tons (mt) and deliveries were at 4.75 mt. Quarterly production and deliveries were affected by maintenance shutdowns in Jamshedpur and Neelachal Ispat Nigam Limited. Production and deliveries are expected to normalise in the coming quarters.

The company has spent Rs 3,829 crores on capital expenditure during the quarter on 5 million tons per annum (mtpa), blast furnace at Kalinganagar is ramping up well. Tata Steel has have successfully commissioned one of the two continuous galvanising lines in the 2.2 mtpa CRM complex.