New Delhi, Feb. 9 -- Tata Steel Ltd reported a 15% year-on-year rise in consolidated Ebitda, adjusted for forex translation, to Rs.8,200 crore in the December quarter (Q3FY26), even as revenue grew a more modest 6% to Rs.57,000 crore. Lower raw material costs, gains from cost-takeout initiatives and higher volumes helped offset continued losses in the UK operations.

On a standalone basis, revenue rose 9% to Rs.35,600 crore. Volumes climbed 14%, but average realizations fell 4.5%, limiting adjusted Ebitda growth to 5% at Rs.7,900 crore. Ebitda per tonne declined 8% to Rs.13,090.

The outlook for the March quarter (Q4) is stronger, supported by higher domestic steel prices following the imposition of safeguard duty in December. Management ...