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TATATASTEEL

Tata Steel Q4 FY26 results (Jan–Mar 2026) and concall

Metals & Mining · Concall AI · Call held 16 May 2026

Tata Steel reported a strong FY26 performance, marked by a 35% YoY increase in consolidated EBITDA to ₹34,848 crores and a 320 bps margin expansion. This was driven by substantial cost savings and robust growth in India's crude steel production and deliveries. The company also generated significant free cash flows and reduced its leverage. However, operations in the Netherlands face material uncertainty regarding plant closures, and the UK EAF project is experiencing infrastructure delays.

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What they filed

Q4 FY26: revenue up 12.5%, net profit up 146.9% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue53,905 53,648 56,218 53,178 58,689 +9%57,002 +6%63,270 +13%
EBITDA6,116 5,903 6,559 7,428 8,897 +45%8,200 +39%9,829 +50%
Net profit759 295 1,201 2,007 3,183 +319%2,730 +825%2,965 +147%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.