Tata Steel Q2 Domestic Business Grows Amid Netherlands Risks
Tata Steel's consolidated EBITDA rose 18% year-on-year to ₹10,500 crore in Q2 FY27, driven by improved domestic volumes and realizations. Revenue increased 11% to ₹65,450 crore despite flat sales volume of 7.92 million tonnes. European profits declined due to lower volumes despite higher realizations. H1 FY27 revenue and EBITDA grew 13% and 21%. Domestic Q3 realizations are expected to rise by ₹3,500 per tonne, partially offset by higher coking coal costs. European contract negotiations will impact Q4 or Q1 FY28.
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