Tata Steel‘s net profit attributable to promoters for Q1FY27 rose 11.6% to Rs 2,318 crore from Rs 2,078 crore in the same period a year ago, led by lower finance costs. India’s oldest steelmaker missed the Bloomberg estimate of Rs 2,502 crore on profit. However, its revenue beat the Bloomberg estimate of Rs 58,155 crore, coming in at Rs 60,794 crore, up 14.3% year-on-year. “Global operating environment remained complex, with the impact of developments in West Asia on supply chains and input costs being more pronounced in the quarter. Our overseas operations also had to navigate operational disruptions. Despite these headwinds, Tata Steel delivered a sequential improvement in EBITDA per ton for the third consecutive quarter,” T V Narendran, chief executive officer and managing director at Tata Steel, said in a statement.