Tata Steel share price gains over 3% after Q2 results. Is this a stock to buy today?
Tata Steel share price rose over 3% in early trade on Thursday after the company announced its Q2 results. Tata Steel shares gained as much as 3.10% to ₹184.20 apiece on the BSE.
The Tata Group company, Tata Steel reported a 272% jump in its consolidated net profit at ₹3,102 crore for the second quarter of FY26 as compared to a net profit of ₹833 crore in the year-ago period.
The company’s consolidated revenue from operations in Q2FY26 grew 9% to ₹58,689 crore from ₹53,905 crore, year-on-year (YoY).
Consolidated EBITDA on a reported basis increased by 46% YoY to ₹9,106 crore, with a margin of around 16%. The rise in operating profit was led by an increase of EBITDA in its Netherlands operations, a decrease in the EBITDA…
