| Metric | Value (₹ Cr) | Q3 FY26 | Q4 FY25 |
|---|---|---|---|
| Revenue | 38.4K | 8.1% | 11.8% |
| Total Income | 38.7K | 6.4% | 10.6% |
| Expenditure | 32.2K | 4.0% | 6.8% |
| PBT | 6.3K | 25.8% | 47.8% |
| Net Profit | 4.7K | 21.9% | 47.0% |
| OPM | 24.29% | 3.54pp | 5.55pp |
| NPM | 12.05% | 1.54pp | 2.99pp |
| EPS | 3.74 | 22.2% | 47.2% |
Tata Steel FY26: PAT at ₹10,886 Cr, EBITDA at ₹34,848 Cr
15 May 2026 · 15 May, 5:52 pm
Summary
Tata Steel Limited reported a strong financial performance for the twelve months ended March 31, 2026, with consolidated EBITDA increasing by 35% year-on-year to ₹34,848 crores and Profit after Tax reaching ₹10,886 crores. The fourth quarter also saw robust growth, with consolidated revenues at ₹63,270 crores and EBITDA up by 47% year-on-year to ₹9,953 crores. India operations delivered a record performance in crude steel production and deliveries, contributing significantly to the overall results. The company also progressed on strategic capital expenditures and managed to reduce its net debt. However, the Netherlands operations are facing severe regulatory challenges, including substantial penalties and potential permit revocations, creating a material uncertainty regarding its going concern.
Key Highlights
- 1
Consolidated EBITDA improved significantly by 35% year-on-year to ₹34,848 crores for the financial year ended March 31, 2026, with Profit after Tax reaching ₹10,886 crores.
- 2
Q4 FY26 Consolidated Revenues were ₹63,270 crores, and EBITDA increased by 47% year-on-year to ₹9,953 crores, achieving a margin of around 16%.
- 3
India operations recorded 'best ever' crude steel production of ~23.4 million tons and deliveries of ~22.5 million tons for FY26, contributing ₹1,40,302 crores in revenue with a strong EBITDA margin of 24%.
- 4
The company invested ₹14,026 crores in capital expenditure for the full year, while net debt declined by approximately ₹2,285 crores year-on-year to ₹80,144 crores.
- 5
Strategic investments include the commissioning of a 0.75 MTPA scrap-based Electric Arc Furnace at Ludhiana, built with an investment of ~₹3,200 crores.
- 6
The Board of Directors recommended a dividend of ₹4/- per ordinary (equity) share of face value of ₹1/- for the financial year.
- 7
Tata Steel Netherlands faces significant regulatory challenges, including over €20 million in penalties in FY2026 and an intention to revoke operating permits for its coke and gas plants, leading to a material uncertainty to going concern.
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