India's Tata Steel beats profit view on improved steel prices
30/07/2026 14:28
India's Tata Steel beats profit view on improved steel prices July 30 (Reuters) - Tata Steel TISC.NS, India's second-largest steelmaker by market capitalisation, reported a better-than-expected first-quarter profit on Thursday, as firm domestic steel prices and steady India volumes outweighed pressure from higher coking coal costs.
The Tata Group company's consolidated net profit rose 11.6% to 23.18 billion rupees ($242.3 million) in the quarter ended June 30.
Analysts, on average, had expected 22.95 billion rupees profit, per data compiled by LSEG.
($1 = 95.6800 Indian rupees)
(Reporting by Anuran Sadhu in Bengaluru; Editing by Janane Venkatraman)
((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))