Tata Steel Profit Jumps Over 2-Fold in Q4 FY26

New Delhi, May 15 (PTI) Tata Steel on Friday posted more than two-fold rise in consolidated net profit to Rs 2,965 crore for the January-March quarter of 2025-26, driven by higher revenues from India operations.

It had reported a net profit of Rs 1,201 crore during the same period a year ago, the company said in an exchange filing.

During January-March, the company's total income rose to Rs 63,518.60 crore from Rs 56,679.11 crore in the fourth quarter of 2024-25.

For the entire FY26, the company has posted a net profit of Rs 10,885.82 crore, over three-fold jump from Rs 3,173.78 crore in 2024-25. Total income rose to Rs 2,33,541.72 crore from Rs 2,20,083.04 crore in FY25.

Tata Steel's India revenues stood at Rs 38,447.96 crore in the fourth quarter, higher than Rs 34,398.84 crore in the last quarter of FY25. Neelachal Ispat and other Indian operations jointly generated revenue of over Rs 6,604 crore, higher from Rs 4,277 crore in Q4 2024-25.

Tata Steel Nederland posted revenues of Rs 17,016 crore, higher from Rs 14,769.43 crore in Q4 FY25.

The company's UK operations, which are in a transition phase, have posted revenue of Rs 5,774.44 crore, down from Rs 6,000 crore in Q4 last financial year.

In a separate statement, the company said its net debt declined by Rs 2,285 crore YoY to Rs 80,144 crore as of March 31, 2026. The company has spent Rs 3,655 crore on capital expenditure during the quarter and Rs 14,026 crore for the full year.


The Board of Directors recommended a dividend of Rs 4 per ordinary (equity) share of face value of Rs 1 each.

During FY26, the company produced 31.67 million tonne steel, higher from 30.92 million tonne in FY25. While deliveries also increased to 31.97 million tonnes from 30.96 million tonnes in 2024-25.

Tata Steel said it has executed definitive agreements for the acquisition of an additional 23 per cent stake in TM International Logistics Limited, an entity providing logistics and supply chain support for the transport of raw materials and finished goods to Tata Steel, for a consideration of Rs 335 crores.

The transaction completion is subject to regulatory approvals. Tata Steel currently holds 51 per cent stake in TMILL, prior to acquisition of this additional stake..

The company's CEO and MD T V Narendran said, "Tata Steel India reported best ever deliveries of 22.5 million tons during FY26. This volume growth was supplemented by an expanding downstream portfolio across Tubes, Tinplate, Colors & Wires, in line with our strategy of strengthening our leadership position across chosen high value segments."

In the UK, the changes to import quotas announced in March 2026 are expected to bring greater balance to a market where demand conditions continue to be cause for concern. In Europe, while import safeguards and roll out of the Carbon Border Adjustment Mechanism from 1st January has improved pricing conditions, Tata Steel Netherlands faces a challenging regulatory environment, Narendran noted..

The CEO said that "in the last quarter, developments in West Asia began to exert pressure on supply chains and input costs, and these pressures are continuing into FY2027. We are pursuing calibrated actions to mitigate risks in this regard."

Koushik Chatterjee, ED and CFO of Tata Steel said, the company has Tata Steel delivered a improved performance for the second year in a row, despite subdued steel prices across key markets.

"Higher volumes and an improved product mix in India, combined with tangible benefits of around Rs 10,868 crore from the cost transformation program, led to an improvement in EBITDA margin of 320 bps on a YoY basis," he noted.