Tata Steel Ltd reported a consolidated profit of INR 7,920.82 crores (USD 87.35 mln) for the first nine months of FY26 ended December 31, 2025, more than four times higher than INR 1,972.90 crores recorded a year earlier. Consolidated revenues rose 4pct YoY to INR 168,870 crores (USD 18.6 bln) over the same period.
Chief executive officer and managing director T V Narendran said the global operating environment remains challenging due to tariffs, geopolitical shifts and policy divergence, with steel markets affected by elevated Chinese finished steel exports. Against this backdrop, Tata Steel delivered a strong performance, with India crude steel production rising 12pct YoY and deliveries increasing 14pct, exceeding 6 mln tons in a quarter for the first time.
Narendran said the downstream portfolio also posted record results, with the tubes and wires businesses delivering their best-ever quarterly performance, supported by capacity additions and a higher-value product mix. The company also strengthened its colour-coated steel segment through the majority acquisition of Tata Bluescope Steel, now operating as Tata Steel Colors.
Looking ahead, Tata Steel expects capacity expansions, including the proposed 4.8 mln tons per annum project at NINL and a 0.75 mln tons per annum electric arc furnace in Ludhiana, to strengthen its long products portfolio. Overseas deliveries stood at 0.52 mln tons in the UK and 1.40 mln tons in the Netherlands, with the company noting that supportive policy frameworks will be critical to improving market conditions, particularly in the UK.
Tata Steel is among the world’s leading steelmakers, with annual crude steel capacity of around 35 mln tons.
1 USD / 90.68 INR
