Tata Steel's Profit Surge Amid Lower Expenses in Q1 FY26
Tata Steel's consolidated net profit more than doubled to Rs 2,007.36 crore in Q1 FY26 due to reduced expenses. However, total income and revenues from India saw a decline compared to the same period last year. The company significantly reduced costs, positively impacting profitability.
- Country:
- India
Tata Steel has reported a more than doubled consolidated net profit of Rs 2,007.36 crore for the April-June quarter, driven primarily by a reduction in expenditure. This marks a substantial rise from the Rs 918.57 crore net profit recorded in the corresponding period of the previous fiscal year.
The steel giant's total income for Q1 FY26 fell slightly to Rs 53,466.79 crore from Rs 55,031.30 crore in the year-ago period, according to the latest company filing. A significant reduction in expenses, which dropped to Rs 50,347.31 crore compared to Rs 52,389.06 crore in FY25's same quarter, boosted the company's profitability.
The cost of materials, a major expenditure component, decreased to Rs 18,028.08 crore in the first quarter, down from Rs 20,642.17 crore a year earlier. Additionally, Tata Steel's revenue from its Indian operations declined to Rs 31,014.36 crore from Rs 32,957.89 crore in the previous year.
(With inputs from agencies.)
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