Tata Steel Share Price Zooms 2% After Steelmaker’s 272% Jump In Q2 Net Profit; Should You Buy?

Tata Steel Share Price: Tata Steel share price surged on Thursday, a day after the company announced its September quarter results for the the financial year 2025-26. Tata Steel reported a 272% year-on-year surge in its net consolidated profit during Q2FY26.

Tata Steel shares were trading 3.11% higher at Rs 184.2 per share on BSE with a market capitalisation of Rs 2,29,945.01 crore during the pre-market opening session. Tata Steel shares were trading 1.85% higher at Rs 181.95 per share on BSE at 9:40 am.

Tata Steel Q2 Result

Tata Steel reported a whopping 272% surge in its net consolidated profit in Q2FY26 to Rs 3,102 crore. The company had reported a net profit of Rs 833 crore during the same quarter last year. Tata Steel's revenue from operations increased 9% on a year-on-year basis to Rs 58,689 crore against Rs 53,904 crore in the previous year's corresponding quarter.

The company's earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at Rs 9,106 crore with a margin of approximately 16%. The firm's EBITDA improved on a sequential basis by 22%.

Tata Steel UK Performance

Tata Steel's revenue amounted to £505 million in the UK segment, whereas the EBITDA loss of £66 million compared to a loss of £41 million in Q1FY26. The company had invested around Rs 3,250 crore on capital expenditure and Rs 7,079 crores over the half-year period.

Tata Steel Acquisition of Tata BlueScope

Tata Steel's board had also approved the acquisition of a 50% equity stake in Tata BlueScope Steel Private Limited (TBSPL). It is a joint venture between Tata Steel Limited through its subsidiary Tata Steel Downstream Products Limited and BlueScope Steel Limited.

Tata Steel Share Price Recommendation

InCred Equities in its report has given a 'Buy' rating for Tata Steel with a target price of Rs 224 per share. The brokerage has indicated a nearly 22% upside in its valuation in long-term. Antique Stock Broking has also given a 'Buy' rating for the stock.

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