[SMM Steel] Tata Steel Q4 profit doubles but misses market expectations

Published: May 18, 2026 17:15

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[SMM Steel] Tata Steel reported consolidated net profit of INR29.26 billion ($304.9 million) in Q4 FY2025/26, more than double year on year but below analysts’ forecast of INR30.8 billion. Earnings were pressured by a 16.7% rise in material costs, 8% growth in total expenses to INR585.02 billion, and one-time restructuring costs at its Dutch unit. In India, Q4 crude steel production rose over 14% YoY to 6.22 million tonnes, while domestic shipments increased 10.5% YoY to 6.19 million tonnes. The company also continued expansion projects, including a 0.75-million-tonne EAF in Ludhiana and a 2.2-million-tonne CRM complex in Kalinganagar.

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