India’s Tata Steel announced on Thursday, July 31, 2025, that its consolidated net profit for the first quarter of the fiscal year 2025–2026 (April–June) soared by 116%, reaching INR 20.78 billion (approximately USD 237.13 million) compared to the same period last year.
Despite the significant rise in profits, the company’s consolidated revenue declined by 3%, totaling INR 531.78 billion (around USD 6.07 billion), according to its official statement.
Tata Steel reported that consolidated steel production volumes dropped by 8.4%, while sales fell by 3.7% due to maintenance-related shutdowns at its Jamshedpur blast furnace and at its subsidiary, Neelachal Ispat Nigam Limited.
However, the company stated that it expects production and deliveries to normalize in the coming quarters.