- Tata Steel board to approve FY26 financial results on May 15, 2026
- India crude steel production rose 15% YoY to 6.25 million tons in Q4 FY26
- Domestic deliveries hit record 20 million tons for the full financial year
With the final leg of the financial year coming to a close on March 31, 2026, the earnings season will follow shortly. Results of the steel product producer Tata Steel Ltd. are one of the most anticipated earnings of the season.
The firm has announced that its board of directors is scheduled to meet on May 15, 2026 to approve and take on record the audited standalone and consolidated financial results of the company, as per an exchange filing on BSE on Thursday.
A meeting of the board of directors of Tata Steel Limited will be held on Friday, May 15, 2026, inter alia to consider and take on record the audited standalone and unaudited consolidated financial statements and results for the quarter ended March 31, 2026.
The agenda also includes considering and taking on record the audited standalone and consolidated financial statements and results for the financial year ended March 31, 2026. The firm may also recommend a dividend, for the same period under consideration.
ALSO READ | Tata Steel Q4 Business Update: India Production, Delivery Grow In Double-Digit
Tata Steel Q4 Business Update
Tata Steel reported healthy growth in local crude steel production and deliveries for fourth quarter of the financial year ended March 2026.
Its production in India went up 15% YoY (year-on-year) to 6.25 million tons in the January-March period, as per provisional data. Deliveries surged 10% to 6.19 million tons and logged the "best-ever quarterly" volumes, as per Tata Steel.
"Domestic deliveries crossed 20 million tons for the first time, highlighting our strong market positioning and enduring customer relationships," it added.
Production in the Netherlands and Thailand was flat during the quarter. Deliveries in Europe fell to 1.7 million tons from 1.75 million tons last year. In the UK, it declined to 0.52 million tons from 0.63 million tons.
For the entire year, Tata Steel India saw its best-ever annual crude steel production of 23.48 million tons. Production was up 8% YoY mainly supported by Kalinganagar ramp-up, partly offset by shutdown of ‘G' blast furnace for relining at Jamshedpur. Deliveries increased in-line with production leading to ‘best-ever annual' volumes of 22.53 million tons.
Tata Steel Q3 Profit Down 13%
Tata Steel announced its October-December quarter results for fiscal 2025-26 (Q3FY26) on Feb. 6, reporting a loss of 13.3% in consolidated net profit of Rs 2,689 crore, compared to Rs 3,102 crore in the preceding September quarter.
The Tata Group's multinational steel major's revenue from operations in the third quarter of current fiscal dropped 3% to Rs 57,002 crore, compared to Rs 58,689 crore in the preceding September quarter. The company missed Bloomberg estimates.
ALSO READ | Tata Steel Q3 Results: Net Profit Drops 13% To Rs 2,689 Crore, Margin Shrinks
On the operating performance, Tata Steel's earnings before interest, taxes, depreciation, and amortization (EBITDA) during the December quarter fell 7.8% to Rs 8,200 crore, compared to Rs 8,896 crore in the second quarter of FY26.
Margin shrunk to 14.4% sequentially from 15.2%. The company also suffered a one-time cost impact of Rs 140 crore during the quarter under review.
Share price of Tata Steel Ltd. saw a 0.75% rise to trade at Rs 217.09 at market close, compared to a 0.02% downturn of the NSE Nifty 50.
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