Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Tata Steel has reported a 116% year-on-year increase in consolidated net profit for the first quarter of FY 2025–26, reaching ₹2,078 crore. The surge came despite a 3% drop in revenue, which stood at ₹53,178 crore during the quarter.
The sharp profit growth was driven primarily by a 12.7% reduction in raw material costs, helping the company expand its operating margin. A temporary 12% safeguard duty on select steel imports also supported domestic pricing and profitability.
Production and deliveries, however, saw declines of 8.4% and 3.7% respectively, due to planned maintenance shutdowns at key facilities. Tata Steel has indicated that operations are stabilizing and expects normal volumes in the upcoming quarters.
The company’s performance exceeded market expectations and reflects its focus on cost efficiency and strategic pricing in a volatile global metals market.
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