UditVani, Jamshedpur : Tata Steel reported a consolidated Profit After Tax (PAT) of ₹2,007 crore for the first quarter of FY26, marking a 118% year-on-year (YoY) growth.
Consolidated revenue stood at ₹53,178 crore, with EBITDA at ₹7,480 crore and margins of ~14%, reflecting an improvement of 11% QoQ and 10% YoY.
India Operations Lead Performance
India operations recorded revenue of ₹31,137 crore and an EBITDA of ₹7,486 crore, translating to an impressive 24% margin. PAT from India stood at ₹3,454 crore. EBITDA per ton rose ₹2,510 QoQ to ₹15,760. Crude steel production was 5.24 million tons, while deliveries were 4.75 million tons—impacted temporarily by maintenance shutdowns at Jamshedpur and Neelachal Ispat Nigam Limited (NINL).
Global Operations and Expansion Updates
UK revenue: £536 million
Netherlands revenue: €1,519 million
NINL contributed ₹224 crore to EBITDA in Q1
Capital expenditure during the quarter was ₹3,829 crore, including ramp-up at the 5 MTPA Kalinganagar unit and commissioning of a galvanising line at the CRM complex.
The company also completed the acquisition of 100% equity in NINL, making it a wholly owned subsidiary.
Tata Steel’s net debt stood at ₹84,835 crore, with group liquidity at ₹43,578 crore, including ₹14,118 crore in cash and cash equivalents.
Strategic Progress and ESG Commitment
The Electric Arc Furnace (EAF) projects at Port Talbot, UK, and Ludhiana, India, are progressing, alongside advanced-stage work on the G Blast Furnace relining in Jamshedpur. Tata Steel continues leveraging digital platforms like Aashiyana and DigECA, which now account for an annualised Gross Merchandise Value of ₹5,400 crore, up 52% YoY.
Leadership Speak
CEO & MD T.V. Narendran highlighted the company’s strong performance amid global headwinds, driven by value-added product sales and strategic ramp-ups.
CFO Koushik Chatterjee reiterated focus on cost control and capex in India, stating, “We are committed to capacity growth in the structurally attractive India market.”
