Tata Steel Rises 3% in Muhurat Trading After Steady Q2 Earnings

Tata Steel Earnings Put Its Muhurat Rally in Focus

A stronger contribution from India helped lift quarterly profit and revenue, giving investors a clear earnings catalyst during the special trading session.

A sharp move against a modest market gain

Tata Steel climbed to an intraday high of ₹192.19, a gain of more than 3%, during the Diwali special Muhurat session. At 2:40 p.m., it was trading at ₹190.45, up 2.2%, with around 10.15 million shares traded on the NSE. The Nifty 50 was up 0.1% at 25,057 at the same time, pointing to a stronger move in Tata Steel than in the broader index during the session.

The earnings announcement was the immediate catalyst: investors were responding to growth across the company’s consolidated results and its India operations. A single session, particularly a special trading session, does not establish a longer-term trend, but the contrast with the index suggests the company-specific results were central to the day’s move.

Profit and EBITDA outpace revenue growth

For the quarter ended September 2025, consolidated net profit attributable to owners rose 18.2% year on year to ₹3,666.41 crore, compared with ₹3,101.75 crore a year earlier. Revenue increased 11.5% to ₹65,436.24 crore, while EBITDA grew 17% to ₹10,665 crore. The company reported an EBITDA margin of around 16%.

EBITDA growth outpacing revenue indicates that operating earnings advanced faster than sales over the period. That is a constructive feature of the quarter, though the reported margin alone does not show how profitability has changed against the previous year. Investors will need further comparisons to judge whether the improvement can be sustained.

India operations anchor the performance

Tata Steel said its India operations drove earnings growth. The business reported revenue of ₹42,653 crore, up 22.6% year on year, and profit after tax of ₹5,055 crore, an increase of 19.9%. Those figures make the domestic operation an important part of the quarter’s growth story, although they should be read separately from the consolidated totals, which cover the wider group.

Chief Executive and Managing Director T V Narendran said India volumes grew 16% quarter on quarter despite a seasonally softer quarter, citing the strength of the company’s market presence and customer reach. The sequential volume increase offers an operating indicator alongside the year-on-year financial growth; it does not, on its own, establish how future volumes or earnings will develop.

What investors should take from the session

Tata Steel’s shares have traded between a 52-week low of ₹160.06 and a high of ₹224.40, according to the figures reported. The Muhurat-session price was below that high, but the range is not a substitute for assessing earnings quality or the company’s ability to maintain growth. The quarter provides evidence of improving reported earnings; investors would still need to track whether India’s contribution and consolidated profitability hold up in subsequent results.

Key Highlights

• Shares gained more than 3% intraday, reaching ₹192.19 in Muhurat trading.
• At 2:40 p.m., the stock was up 2.2% at ₹190.45, with around 10.15 million shares traded on the NSE.
• Consolidated profit rose 18.2% year on year to ₹3,666.41 crore; revenue grew 11.5% to ₹65,436.24 crore.
• EBITDA increased 17% to ₹10,665 crore, with the margin at around 16%.
• India operations reported revenue growth of 22.6% and profit-after-tax growth of 19.9%.

Investor Note: The quarter and the stock’s session outperformance provide positive signals, particularly from India operations, but one earnings release and one trading session are not enough to establish a durable trend. Investors may assess subsequent results for sustained revenue, EBITDA and volume growth before drawing conclusions about the company’s longer-term performance.