Tata Steel Limited reported a 319% year-on-year increase in consolidated net profit, reaching INR 31,830 million ($359.24 million) for Q2 FY2025–26, according to a company statement on November 13.
Total revenues for the quarter stood at INR 531,789 million ($6 billion), marking a 1.34% decline from the previous year.
The board also approved the acquisition of BlueScope Steel’s 50% stake in Tata BlueScope Steel Pvt. Ltd., valuing the transaction at up to INR 11 billion ($124 million). Following completion, Tata Steel will own 100% of the joint venture.
VietnamSteel by Hoa Sen Group
