Tata Steel Q4 Result: Net profit rises multifold at ₹2,926 crore, revenue jumps 13% YoY; check FY26 dividend details

Tata Steel posted a 125% year-on-year (YoY) increase in its consolidated net profit at ₹2,926 crore in the quarter ended March 31, 2026 (Q4 FY26) on Friday, May 15. In the corresponding period last year, the firm had clocked a profit of ₹1,301 crore.

The country's second-largest steelmaker's total revenue from operations stood at ₹63,270 crore, growing 12.5% YoY in Q4 FY26, compared to ₹56,218 crore in the fourth quarter of the 2025-26 fiscal year (Q4 FY25).

On the operational level, Tata Steel’s earnings before interest, taxes, depreciation, and amortisation (EBITDA) came in at ₹9,828 crore in contrast to ₹6,559 crore in the same quarter of the previous fiscal year, marking a jump of 50%.

The EBITDA margin expanded to 15.53% in Q4 FY26 as against 11.67% year over year.

During the reporting quarter, crude steel production rose 14% YoY to 6.22 million tonnes, leading to best-ever quarterly deliveries of 6.19 million tonnes.

The Netherlands business reported revenues of €1,605 million and EBITDA of €58 million for the quarter under review, with liquid steel production at 1.63 million tonnes and deliveries at 1.70 million tonnes.

Furthermore, the UK business posted revenues of £470 million and an EBITDA loss of £48 million, while deliveries stood at 0.52 million tonnes and were impacted by subdued demand conditions.

Dividend details

Along with the earnings, the company’s board of directors recommended a dividend of ₹4 per equity share (face value ₹1 each), representing 400% for FY2025–26. The dividend is subject to shareholders’ approval at the annual general meeting (AGM) scheduled for July 2, 2026.

Furthermore, if approved, the dividend will be paid on or after July 6, 2026, subject to applicable tax deductions. Tata Steel has fixed June 12, 2026, as the record date to determine eligible shareholders.

FY26 updates

For FY26, Tata Steel reported consolidated revenues of ₹2,32,140 crore and EBITDA of ₹34,848 crore, with EBITDA rising 35% YoY despite a challenging operating environment. The India business contributed revenues of ₹140,302 crore and EBITDA of ₹34,272 crore, translating to a margin of 24%, with EBITDA improving 17% YoY, supported by crude steel production of around 23.4 million tonnes and deliveries of about 22.5 million tonnes.

The firm's Netherlands business reported revenues of €6,028 million and EBITDA of €267 million, with EBITDA nearly tripling annually. The UK business recorded revenues of £1,978 million, while its EBITDA loss narrowed to £217 million compared to the previous year.

“FY2026 was characterised by elevated geoeconomic uncertainty, with supply-chain and tariff-led trade disruptions impacting global steel markets. Against this backdrop, our sustained focus on operational discipline and cost transformation continued to deliver performance across our global businesses. Tata Steel India reported ‘best ever’ deliveries of ~22.5 million tonnes," said T.V. Narendran, Chief Executive Officer and Managing Director of Tata Steel.

Acquisition of stake in TM International Logistics

Tata Steel’s board has approved the acquisition of 4,140,000 equity shares of face value ₹10 each, representing a 23% stake in TM International Logistics Limited (TMILL), from IQ Martrade Holding Und Management GmbH for a consideration of ₹335 crore. The acquisition is subject to necessary approvals, the firm said.

“The company has today executed a share purchase agreement with IQ and TMILL. The transaction is subject to customary conditions precedent and approvals from regulatory authorities, including the Competition Commission of India and other stakeholders, as applicable,” Tata Steel said in a statement.

The steel major said that upon completion of the transaction, the Joint Venture Agreement dated July 26, 2001, with IQ and the Deed of Adherence dated November 26, 2009, among the company, TMILL, NYK and IQ will be terminated. It added that the company will hold a 74% equity stake in TMILL, while NYK will hold the remaining 26%.

Update on Tata Steel Netherlands

Tata Steel Netherlands said it continues to engage with local regulatory authorities regarding issues at its IJmuiden operating site. The company noted that it has received multiple notices over alleged non-compliance with emission limits and has paid over €20 million in penalties in FY'26, largely related to its coke and gas plants.

It added that several of these penalties are linked to emission exceedances where globally available technical or operational solutions are not currently feasible within the timelines set by the Environment Agency, given the age of the coke ovens. The authorities have also indicated their intention to revoke operating permits and initiate early closure of the coke and gas plants, following a letter issued on April 23.

Tata Steel Netherlands said it has shared a detailed timeline with regulators to ensure a safe and controlled closure process and is exploring all options, including legal recourse.

Ahead of the earnings, shares of Tata Steel settled at ₹216.84 apiece on the National Stock Exchange, falling 1.94%.