Tata Steel announced a resilient financial and operational performance for the financial year ended March 31, 2026, despite continued volatility in global steel markets, geopolitical uncertainties and trade disruptions across key regions. The company reported consolidated revenues of Rs 2,32,140 crores and consolidated EBITDA of Rs 34,848 crores, reflecting a 35 percent year-on-year increase in EBITDA. Profit after tax for the year stood at Rs 10,886 crores.
The company’s India operations remained the primary growth driver, delivering revenues of Rs 1,40,302 crores and EBITDA of Rs 34,272 crores, translating into a healthy EBITDA margin of 24 percent. The performance was supported by record crude steel production of nearly 23.4 million tons and best-ever deliveries of approximately 22.5 million tons during the year. Tata Steel’s downstream and branded businesses also witnessed strong momentum, helping strengthen the company’s position in high-value product segments.
For the January to March 2026 quarter, Tata Steel reported consolidated revenues of Rs 63,270 crores and EBITDA of Rs 9,953 crores, with margins improving to around 16 percent. Quarterly EBITDA grew 47 percent year-on-year, supported by stronger operational efficiencies and higher volumes across major business segments.
India operations posted revenues of Rs 38,654 crores during the quarter with EBITDA of Rs 9,841 crores and margins of 25 percent. Crude steel production rose 14 percent year-on-year to 6.22 million tons, while deliveries reached a record quarterly high of 6.19 million tons.
Operations in Europe also showed signs of recovery. Tata Steel Netherlands reported revenues of €6,028 million for FY2026 and EBITDA of €267 million, almost three times higher than the previous year. Quarterly revenues in the Netherlands stood at €1,605 million, with EBITDA of €58 million supported by stronger deliveries and improved production levels.
In the United Kingdom, Tata Steel reported revenues of £1,978 million for the full year, while EBITDA losses narrowed significantly to £217 million. Quarterly losses reduced further to £48 million as the company continued to implement operational restructuring measures amid subdued market demand.
Tata Steel invested Rs 14,026 crores in capital expenditure during FY2026, including Rs 3,655 crores during the final quarter. The company also strengthened its balance sheet, reducing net debt by approximately Rs 2,285 crores year-on-year to Rs 80,144 crores.
Among the year’s major milestones was the commissioning of a 0.75 million tons per annum scrap-based Electric Arc Furnace in Ludhiana during March 2026. Developed with an investment of around Rs 3,200 crores, the facility has been designed to achieve carbon emissions below 0.3 tCO2e per ton of crude steel, reinforcing Tata Steel’s sustainability ambitions. The Board of Directors has recommended a dividend of Rs 4 per equity share of face value Rs 1 each.
Commenting on the company’s performance, Chief Executive Officer and Managing Director T V Narendran said FY2026 was marked by heightened geoeconomic uncertainty and tariff-led trade disruptions, but Tata Steel continued to deliver stable growth through operational discipline and cost transformation initiatives. He highlighted the strong performance of Tata Steel India, expansion in branded products, growth in e-commerce platforms and continued investments in future-ready manufacturing facilities.
Executive Director and Chief Financial Officer Koushik Chatterjee said the company’s improved margins were driven by higher volumes, a better product mix and benefits from the cost transformation programme, which contributed nearly Rs 10,868 crores during the year. He added that strong cash flows and disciplined capital allocation enabled Tata Steel to strengthen liquidity while maintaining investments in growth and sustainability initiatives.
Tata Steel also announced the execution of definitive agreements to acquire an additional 23 percent stake in TM International Logistics Limited for Rs 335 crores, subject to regulatory approvals. The acquisition is expected to further strengthen the company’s logistics and supply chain capabilities.
Tata Steel continues to participate in worldsteel’s Climate Action programme, focusing on reducing the carbon footprint of its operations and products. The company has outlined a long-term goal of achieving net-zero emissions by 2045, supported by a series of technology-driven initiatives and process improvements.
With an annual crude steel capacity of approximately 35 million tonnes, Tata Steel is among the leading global steel producers, with a presence across multiple geographies. The group reported consolidated revenues of around US$26 billion for the financial year ending March 31, 2025, and employs more than 76,000 people worldwide.
The company’s manufacturing facilities have also received global recognition, including the World Economic Forum’s Global Lighthouse status for its plants in Jamshedpur, Kalinganagar, and IJmuiden. These achievements reflect Tata Steel’s continued emphasis on innovation, operational excellence, and sustainable growth.
