Tata Steel reported consolidated Q2 FY26 profit of ₹3,183 crore, a fourfold increase from ₹802 crore a year earlier, driven by higher domestic volumes and improved spreads in Europe. Revenue climbed 9% year-on-year to ₹64,600 crore as capacity utilization improved across India, the UK, and the Netherlands. The company’s EBITDA grew 45% to ₹9,300 crore, aided by operational efficiency and cost control. Tata Steel plans further debt reduction and capacity expansion at Kalinganagar while maintaining capital discipline to strengthen its long-term balance sheet.