Tata Steel reported a sharp rebound in profitability for the quarter ended December 2025 (Q3FY26), driven by higher production, record deliveries, and improved operating leverage.
Consolidated net profit attributable to owners rose to Rs. 2,688.70 crore, a 723% jump from Rs. 326.64 crore a year earlier. Revenue from operations increased 6% YoY to Rs. 57,002.40 crore, up from Rs. 53,648.30 crore, indicating steady demand despite a volatile global steel environment.
The company’s EBITDA grew 38.9% during the last year, resulting in a total of Rs. 8,199 crore that exceeded the previous year’s Rs 5,903 crore. It achieved a 14.4% EBITDA margin because of operational efficiency improvements enabling better expense management.
The organization achieved its highest quarterly deliveries ever as crude steel production increased 12% YoY to 6.34 million tons, and deliveries rose 14% YoY to 6.04 million tons, which marked the first time it exceeded six million tons in a single quarter. It also incurred exceptional charges following the notification of four new Labor Codes by the Government of India, Rs. 61.11 crore on a standalone basis and Rs. 81.79 crore on a consolidated basis.
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India operations continued to be Tata Steel’s core profit driver, posting a segment result of Rs. 7,940.35 crore before exceptional items, interest, tax, and depreciation. The overseas operations presented various performance outcomes.
The Netherlands business created a positive Rs. 570.38 crore segment result because of its improved operational performance. The UK operations experienced difficulties, which resulted in a segment loss of Rs. 741.59 crore.
Chief executive officer and managing director TV Narendran said global operations remain influenced by tariffs, geopolitical shifts, and policy divergence, noting elevated finished steel exports from China at 119 million tons, a number that surpasses the 2015 peak.
Capital expenditure stood at Rs. 3,291 crore for the quarter, net debt fell Rs. 5,206 crore QoQ to Rs. 81,834 crore, and the stock closed 0.30% lower at Rs. 197.05 on the BSE.