Tata Steel shares slip 3% as UK losses weigh on strong Q2

TATASTEEL Tata Steel shares fell as much as 3% to an intraday low of Rs 184.34 on Monday, erasing early gains that had pushed the stock to a nearly five-month high of Rs 194. The decline came even as the company reported a 16% year-on-year rise in consolidated net profit to about Rs 3,700 crore for the September quarter (Q2 FY27), driven largely by robust India ***** revenue rose 11.5% to Rs 65,436 crore, while EBITDA climbed 17% to Rs 10,665 crore. India remained the standout performer, with strong volume growth and healthy margins. However, UK operations continued to drag, posting wider EBITDA losses amid lower volumes and weak demand. Management expects the UK business to reach breakeven in the March quarter (Q4 FY27). Netherlands operations showed sequential improvement after the restart of key facilities