Tata Steel quarterly results and financials

Tata Steel (TATASTEEL)₹184.85−2.81%(9 Nov 2026 close)Iron & Steel

Key facts

In the Jun 2026 quarter (consolidated), Tata Steel reported sales of ₹60,787 Cr, up 14.3% from Jun 2025, and net profit of ₹2,379 Cr, up 18.8% year on year. For the year to Mar 2026, sales were ₹2.32 L Cr and net profit ₹10,865 Cr.

Sales (Jun 2026): ₹60,787 Cr
Net profit (Jun 2026): ₹2,379 Cr
Sales (FY Mar 2026): ₹2.32 L Cr
Net profit (FY Mar 2026): ₹10,865 Cr
EPS (Jun 2026): ₹1.85
Borrowings (Mar 2026): ₹92,597 Cr

Company filings, consolidated accounts; latest reported quarter Jun 2026

Tata Steel quarterly results

₹ crore unless stated; each column is a quarter.

Tata Steel Quarterly results
	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	55,709	55,299	58,715	54,752	53,938	53,682	56,215	53,203	58,672	56,994	63,322	60,787
Expenses	51,488	49,127	52,125	48,120	47,859	47,810	49,743	45,779	49,809	48,882	53,466	51,589
Operating Profit	4,274	6,274	6,612	6,702	6,126	5,910	6,567	7,445	8,915	8,207	9,848	9,283
OPM %	8.0%	11.0%	11.0%	12.0%	11.0%	11.0%	12.0%	14.0%	15.0%	14.0%	16.0%	15.0%
Other Income	−6,540	−32.89	−381	−5.98	615	141	148	235	−5.98	464	41.85	−16.93
Interest	1,962	1,884	1,845	1,779	1,972	1,805	1,792	1,853	1,777	1,749	1,795	1,773
Depreciation	2,475	2,416	2,564	2,530	2,592	2,565	2,713	2,741	2,887	3,045	3,261	3,631
Profit before tax	−6,725	1,924	1,806	2,371	2,162	1,668	2,197	3,060	4,214	3,865	4,804	3,833
Tax %	−3.0%	73.0%	69.1%	61.0%	65.0%	82.1%	45.0%	35.0%	25.1%	29.0%	38.1%	38.0%
Exceptional items	−5,810	−21.06	−151	−138	6.01	−22.08	−145	−86.32	−301	−94.34	−206	−216
Net Profit	−6,495	521	554	917	757	294	1,198	2,003	3,178	2,726	2,959	2,379
EPS (Rs)	−5.06	0.41	0.48	0.76	0.66	0.25	1.03	1.65	2.47	2.14	2.33	1.85

Tata Steel profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Tata Steel Profit and loss
	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,01,921	1,12,320	1,23,205	1,57,761	1,39,737	1,56,517	2,43,958	2,43,262	2,29,279	2,18,533	2,32,332	2,39,776
Expenses	1,02,709	99,278	1,01,858	1,28,553	1,22,417	1,26,158	1,80,674	2,11,200	2,07,073	1,93,570	1,97,879	2,03,746
Operating Profit	−626	13,173	21,451	29,386	17,489	30,561	63,576	32,365	22,286	25,330	34,420	36,254
OPM %	−0.6%	12.0%	17.0%	19.0%	12.0%	19.0%	26.0%	13.0%	10.0%	12.0%	15.0%	15.1%
Other Income	10,304	−3,773	10,859	1,518	−2,875	179	1,296	1,564	−5,984	873	735	483
Interest	4,223	5,081	5,461	7,663	7,547	7,620	5,466	6,310	7,520	7,354	7,180	7,094
Depreciation	5,299	5,661	5,729	7,322	8,421	9,216	9,077	9,315	9,868	10,395	11,929	12,824
Profit before tax	193	−1,389	21,115	15,815	−1,392	13,824	50,177	18,208	−1,145	8,401	15,950	16,715
Tax %	358.1%	200.0%	16.0%	42.0%	−183.9%	41.0%	17.1%	56.1%	328.1%	62.0%	32.1%	—
Exceptional items	1,698	−1,551	8,613	493	1,793	−396	135	162	−12,024	−146	−528	−816
Net Profit	−496	−4,160	17,719	9,106	1,171	8,181	41,643	8,057	−4,903	3,166	10,865	11,242
EPS (Rs)	−0.33	−3.75	11.89	9.04	1.37	6.24	32.79	7.14	−3.54	2.73	8.62	8.79
Dividend payout %	−203.0%	−23.0%	9.0%	15.0%	74.0%	40.0%	16.0%	50.0%	−101.0%	131.0%	46.0%	—

Tata Steel balance sheet

₹ crore, at each year end.

Tata Steel Balance sheet
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	971	969	970	1,144	1,145	1,145	1,197	1,221	1,221	1,245	1,246	1,247
Reserves	30,327	42,733	36,794	59,654	67,704	72,380	72,990	1,12,994	1,01,778	90,733	89,846	1,00,844
Borrowings	80,889	82,201	83,243	92,454	1,01,176	1,16,765	88,710	75,767	85,081	87,342	95,156	92,597
Other Liabilities	46,949	51,056	51,568	55,656	62,950	59,140	81,243	92,712	97,559	90,167	89,668	1,02,331
Total Liabilities	1,59,136	1,76,958	1,72,574	2,08,908	2,32,974	2,49,429	2,44,141	2,82,694	2,85,638	2,69,487	2,75,916	2,97,019
Fixed Assets	68,259	72,384	92,242	96,479	1,24,739	1,35,038	1,36,177	1,33,659	1,47,105	1,49,182	1,51,449	1,80,601
CWIP	28,686	35,985	15,786	16,600	18,641	19,491	19,003	22,053	31,209	34,356	41,633	28,486
Investments	3,451	10,699	12,449	17,898	5,736	6,277	10,669	13,133	8,402	6,250	6,190	7,083
Other Assets	58,741	57,889	52,098	77,930	83,859	88,622	78,292	1,13,849	98,923	79,699	76,644	80,849
Inventories	25,208	20,048	24,880	28,411	31,732	31,134	33,344	48,926	54,516	49,286	44,701	47,393
Trade receivables	13,368	12,112	11,633	12,473	11,853	7,922	9,582	12,298	8,293	6,287	5,279	4,936
Cash & equivalents	8,755	6,184	4,927	7,937	3,340	8,054	5,784	15,897	13,359	8,688	11,658	10,056
Total Assets	1,59,136	1,76,958	1,72,574	2,08,908	2,32,974	2,49,429	2,44,141	2,82,694	2,85,638	2,69,487	2,75,916	2,97,019

Tata Steel cash flow

₹ crore, for each year.

Tata Steel Cash flow
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from operating activity	11,904	11,469	10,849	8,030	25,390	20,200	44,411	44,472	21,717	20,321	23,171	35,106
Cash from investing activity	−9,013	−8,792	−9,475	−11,715	−29,143	−13,996	−9,423	−10,900	−18,151	−14,237	−13,600	−14,392
Cash from financing activity	−2,629	−4,744	−2,588	6,666	−675	−1,702	−37,204	−23,482	−7,006	−11,148	−7,030	−21,482
Net cash flow	242	−2,075	−1,250	2,943	−4,526	4,478	−2,205	10,108	−3,487	−5,068	2,534	−722
Capex	13,470	10,153	7,714	7,471	9,085	10,386	6,972	10,505	14,119	18,192	15,665	14,548
Free cash flow	−170	1,528	3,409	726	16,774	10,182	37,912	34,539	7,892	2,578	8,762	21,982
CFO / OP %	420.0%	−2,078.0%	96.1%	51.0%	104.0%	128.0%	148.0%	89.0%	84.0%	115.1%	103.1%	115.1%

Tata Steel ratios

Working-capital days and returns, by year.

Tata Steel Ratios
	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor days	35	43	38	37	27	21	22	18	12	10	9	8
Inventory days	165	180	230	224	190	197	215	213	175	176	171	184
Days payable	126	167	172	161	130	136	167	161	122	108	113	136
Cash conversion cycle	75	57	97	100	88	83	70	72	67	79	68	57
Working capital days	−7	−48	−33	−32	−19	−39	−56	−35	−43	−60	−51	−57
ROCE %	1.0%	1.0%	6.0%	12.0%	14.0%	6.0%	12.0%	31.0%	13.0%	7.0%	9.0%	13.0%

Tata Steel: frequently asked questions

What are the latest quarterly results of Tata Steel?

For the Jun 2026 quarter, Tata Steel reported sales of ₹60,787 Cr, up 14.3% year on year and net profit of ₹2,379 Cr, up 18.8% year on year. The operating margin was 15.0%.

What is the annual revenue of Tata Steel?

Tata Steel's sales for the year to Mar 2026 were ₹2.32 L Cr; over the last twelve months they were ₹2.40 L Cr.

What is the net profit of Tata Steel?

Net profit for the year to Mar 2026 was ₹10,865 Cr, and ₹11,242 Cr over the last twelve months. Earnings per share over the same trailing period were ₹8.79.

How much debt does Tata Steel have?

Tata Steel reported borrowings of ₹92,597 Cr at Mar 2026, against cash and equivalents of ₹10,056 Cr.

What is the free cash flow of Tata Steel?

Cash from operations was ₹35,106 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹21,982 Cr.

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