Tata Steel Q4 business update: Crude Steel production surges 15% YoY to 6.25 MT in March quarter

In a regulatory filing, the Tata Group entity said that its crude steel production in India increased by 15% year-on-year (YoY) to 6.25 million tonnes (MT) (provisional) during the quarter under review, compared to 5.44 MT (actual) it logged in the March quarter of the 2024-25 fiscal year (Q4FY25).

However, on a sequential basis basis, its crude steel production in India declined 1.42% quarter-on-quarter (QoQ) from 6.34 MT (actual) in the the quarter ended December 31, 2025 (Q3FY26).

Tata Steel India achieved its ‘best-ever annual’ crude steel production of 23.48 MT in FY26, up 8.3% YoY from 21.68 MT in FY25. Furthermore, its production was up 8% YoY, primarily driven by Kalinganagar ramp-up, and partly offset by the shutdown of the ‘G’ blast furnace for relining at Jamshedpur, it added.

In the March quarter of FY26, its India deliveries surged 10% YoY to 6.19 MT, from 5.60 MT in Q4FY25, registering its ‘best-ever quarterly’ volumes.

Additionally, its India deliveries increased inline with production leading to ‘best-ever annual’ volumes of 22.53 MT in FY26, ,marking a 7.59% YoY jump from 20.94 in the previous fiscal year, highlighting its “strong market positioning and enduring customer relationships”.

The company noted that its India deliveries include Tata Steel standalone and Neelachal Ispat Nigam Ltd on proforma basis. It added that the deliveries are prior to intercompany eliminations.

Domestic deliveries key highlights for Q4

• Its automotive and special products vertical achieved its ‘best-ever annual’ volumes of approximately 3.4 MT and a record quarterly volumes close to 1 MT for the reporting quarter. It was driven by a ramp up of new downstream capacities enhanced performance and enabled the shift toward high-end products, which were up 11% YoY.
• The steel manufacturing company’s branded products and retail vertical recorded volumed of 7.3 MT, marking its best-ever annual volume delivery, driven by performance of well-established brands. Tata Tiscon achieved ‘best-ever annual’ volumes of about 2.4 MT while Tata Steelium, cold rolled brand, achieved a strong growth of 28% YoY.
• Its industrial products and projects vertical achieved volumes of approximately 7.2 MT, bolstered by performance of value accretive segments. Its engineering segment recorded its best-ever annual volumes aided by customer acquisitions, enhanced serviceability and increased presence in discerning segments such as defense and shipbuilding.

• Its downstream footprints achieved its best-ever annual volumes across the verticals, with tubes, tinplate and colours business units recording double-digit YoY growth while wires surpassed the previous best of FY25.

• Its goss merchandise value from its e-commerce platforms, Tata Steel Aashiyana and DigECA, stood at ₹9,360 crore for the year, up 161% on YoY basis.

Other segments

• Tata Steel Netherlands liquid steel production in FY26 stood at about 6.7 MT, with deliveries at approximately 6.1 MT. In 4QFY26, its deliveries surged 21% QoQ to 1.7 MT, from 1.4 MT. However, it fell 2.86% YoY from 1.75 MT in the year-ago period.

• Tata Steel UK served its customers via downstream processing of purchased substrate. Its deliveries for the year were 2.2 MT, lower on YoY basis due to subdued market dynamics. It added that work, with respect to setting up of about 3 MTPA Electric Arc Furnace at Port Talbot, is under progress.

• Tata Steel Thailand saleable steel production in FY26 was 1.33 MT and deliveries were 1.32 MT. The latter improved by 11% YoY primarily driven by strong domestic rebar sales.

Tata Steel Q3 earnings snapshot

Its net profit surged over eight times to ₹2,689 crore in the third quarter of FY26, compared to a profit of ₹327 crore it logged in the same period last year.

Its revenue from operations advanced 6% YoY to ₹57,002 crore for the quarter under review, as against ₹53,648 crore in the October quarter of FY25.

Shares of the country's second largest steel maker 0.13% higher at ₹196.36 per unit on the National Stock Exchange (NSE) at around 2:39 PM. The stock oscilated between red and green during the trading session.

Tata Steel has a total market capitalisation of ₹2.45 lakh crore, as of April 7, 2026, according to data on the NSE.