Tata Steel delivered a stronger-than-expected performance in the first quarter ended June 30, supported by firm domestic steel prices and steady demand in India. Consolidated net profit increased 11.6% year-on-year to ₹2,318 crore, surpassing analyst expectations of ₹2,295 crore.Revenue from operations climbed 14.3% to ₹60,794 crore, also beating market estimates. The improvement was driven by higher prices for flat steel products, including hot-rolled coil and cold-rolled coil, alongside stronger domestic production and deliveries.

Tata Steel’s India crude steel production rose more than 10% to 5.76 million tonnes, while deliveries increased nearly 9% to 5.17 million tonnes. Higher output from the Jamshedpur and Kalinganagar plants supported growth during the quarter.

However, elevated coking coal and iron ore costs limited some of the gains. Total expenses rose 13.1%, while production and deliveries in several overseas markets remained under pressure.The company also approved a major expansion at Neelachal Ispat Nigam. The ₹33,873 crore project will add 4.8 million tonnes of annual steelmaking capacity and strengthen Tata Steel’s long-products portfolio, highlighting its continued focus on India-led growth.