Tata Steel profit more than doubles to ₹2,965 crore in Q4 on better realisation

Revenue was up 13 per cent at ₹62,687 crore (₹55,707 crore).

Tata Steel reported that its net profit in the March quarter more than doubled to ₹2,965 crore against ₹1,200 crore logged in the same period last year, on the back of better realisation.

Revenue was up 13 per cent at ₹62,687 crore (₹55,707 crore).

The company has declared a dividend of ₹4 per share.

Sales volume increased 5 per cent to 8.72 million tonne (8.33 mt). EBITDA was up 46 per cent at ₹11,401 (₹7,819) per tonne as steel prices increased sharply as primary producers passed on incremental cost to end consumers.

Tata Steel Netherlands (TSN) has paid over €20 million as penalties in FY26 for exceeding the prescribed emission level at its IJmuiden coke oven and gas plants. Many of the penalties relate to breach of emission levels which are not operationally feasible even with best practices available globally given the vintage 40-50 year old coke ovens, said the company.

The Environment Agency and the local province plans to revoke operating permits and trigger an early closure of the coke and gas plants, it added. TSN is also exploring all legal options to ensure closure process is managed with due prudence, said the company.

Trade disruptions

TV Narendran, CEO and Managing Director, said elevated geo-economic uncertainty, with supply-chain and tariff-led trade disruptions impacted global steel markets in FY26.

In the UK, the changes announced in import quotas will bring greater balance to a market where demand conditions continue to be a cause for concern, he added.

The West Asia war continues to exert pressure on supply chains and input costs in FY27 even as the company pursue calibrated actions to mitigate risks, he added.

Koushik Chatterjee, Executive Director and CFO, said the tangible benefits of about ₹10,868 crore from the cost transformation programme led to an improvement in EBITDA margin of 320 bps last fiscal.

The global business environment has again become very challenging with the impact of the West Asia conflict on energy, oil, trade and currency markets, he added.

In FY26, Tata Steel reported over three times increase in net profit at ₹10,886 crore (₹3,174 crore) while revenue was up six per cent at ₹230,293 crore (₹216,840 crore).

Published on May 15, 2026