Tata Steel FY2026 EBITDA Rises 35% to ₹34,848 Crores

Tata Steel reported strong FY2026 performance with consolidated EBITDA up 35% YoY to ₹34,848 crores and margin expansion of 320 bps to 15%.
The company achieved ₹10,868 crores in cost transformation savings and generated free cash flow of ₹10,738 crores while proposing a dividend of ₹4 per share.
Operations in Netherlands face material uncertainty due to regulatory pressures on coke and gas plants, while UK benefits from new safeguard measures and price improvements.
India remains the growth anchor with 8% volume growth to 23 million tons and plans for ₹20,000 crores capex in FY2027 focused on downstream expansion and NINL integration.