Tata Steel reported a sharp rebound in performance for the September quarter, with consolidated net profit surging fourfold to ₹3,183 crore from ₹759 crore a year earlier, driven by volume-led growth in India and a strong turnaround in European operations, particularly the Netherlands. Consolidated revenue rose 9% year-on-year to ₹58,689 crore, while Ebitda jumped 46% to ₹9,106 crore, reflecting improved margins and operational efficiency despite a challenging global steel environment.

“The global operating environment remained challenging with persistent overhang of tariffs, geopolitical tensions and elevated steel exports,” chief executive officer TV Narendran said in a statement on Wednesday. “Despite this, Tata Steel delivered a resilient performance with the Ebitda margin improving for the second consecutive quarter,” he said.

It made a consolidated Ebitda of ₹11,343 on each tonne of steel sold, up from ₹7,345 in the year-ago period, and ₹10,470 in the June quarter. Tata Steel, one of the largest producers of the alloy globally, sold 7.91 million tonnes of steel during the quarter, up from 7.52 million tonnes a year ago.

Its total tax expenses for the quarter fell to ₹1,039.4 crore from ₹1,405.5 crore a year ago.

In India, Tata Steel’s revenue rose to ₹34,787 crore during the second quarter from ₹32,660 crore a year ago, while Ebitda margins were around 25%, against around 21% a year ago.

In the Netherlands, total revenue from operations rose to ₹15,719 crore from ₹14,109 crore a year ago, while Ebitda jumped to ₹916 crore from ₹226 crore a year ago.

In the UK, where the company is currently transitioning to an electric arc furnace, the operating loss narrowed to ₹765 crore from ₹1,587 crore a year ago.

“We remain focused on volume growth in India, strengthening our raw material linkages and optimising capital allocation,” chief financial officer Koushik Chatterjee said. “We are closely monitoring policy developments in thEU and UK and will look to prioritise, optimise and sequence the decarbonisation capex spend such that it is affordable to all stakeholders.”

Tata Steel has spent ₹ 3,250 on capital expenditure in the September quarter, while its net debt stood at ₹87,040 crore as of September 30, down from ₹ 88,817 crore a year ago.

The company announced its earnings after market hours, and its shares closed at Rs 178.65 on the BSE, down 1.3% from the previous close.