Tata Steel Limited — Investor Meet, 19-11-2025: Analysts/Institutional Investor Meet/Con. Call Updates

Tata Steel delivered strong Q2FY26 performance, with consolidated revenue reaching 58,689 Cr (up 10% QoQ) and half-year EBITDA at 16,585 Cr (15% margin). India drove growth, showing 8% QoQ crude steel production increase and 20% QoQ rise in deliveries, backed by 5,450 Cr in H1 cost savings. UK operations posted a Q2 EBITDA loss of £66 million, struggling with cheap imports and seeking government policy intervention. Netherlands' decarbonisation plans are progressing prudently with government backing. Management remains confident in India's growth trajectory towards 40M TPA, expanding its value-added portfolio and focusing on cost efficiency. European market conditions are anticipated to improve from Q4.