Driven by increased production at the Jamshedpur and Kalinganagar plants, crude steel output recorded a 12% increase both quarter on quarter and year on year. Total production in the first nine months of the fiscal year increased by 6% to 17.2 million tonnes. The company emphasized that this growth also delivered its “best-ever quarterly deliveries,” with deliveries in India exceeding the 6 million tonne threshold for the first time.
Supported by strong domestic demand, Tata Steel India’s deliveries increased by 9% quarter on quarter and 14% year on year. Cumulative deliveries for the nine-month period rose by 6% compared with the previous year, reaching 16.3 million tonnes. However, the company’s share price closed 1.42% lower at INR 183.55 on the National Stock Exchange, as the announcement was made after market hours.
In the third quarter, the automotive and special products segment reached a record volume of around 0.9 million tonnes, posting a 20% year on year increase. Branded products and the retail segment, supported by the strong performance of Tata Tiscon, Tata Astrum and Tata Steelium, exceeded 2 million tonnes for the first time, reflecting a 12% annual increase. The industrial products and projects segment recorded volumes of approximately 1.9 million tonnes. The company stated that pipe and tinplate products achieved double-digit growth, while the wire segment reached its highest-ever volumes. Gross merchandise value on the Tata Steel Aashiyana and DigECA e-commerce platforms increased by 68% year on year to INR 2,380 crore.
Tata Steel Netherlands reported third-quarter liquid steel production of 1.68 million tonnes, with deliveries totaling 1.40 million tonnes. While seasonality and weak market conditions led to a decrease in deliveries, Tata Steel UK continued its raw material processing-focused operations and delivered 0.52 million tonnes during the quarter. The company stated that site activities for the electric arc furnace project in the UK have accelerated. Tata Steel Thailand recorded saleable steel production of 0.31 million tonnes and deliveries of 0.29 million tonnes, while higher rebar sales in the domestic market supported a 5% year on year increase.
On the financial side, Tata Steel increased its net profit nearly fourfold year on year to INR 3,101.75 crore in the second quarter of fiscal year 2026. Total revenue increased by 8.9% year on year to INR 58,689.29 crore, while revenue also recorded a 10% increase compared with the previous quarter. Strong delivery volumes in India and the Netherlands were key drivers of this performance.
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