| Scrip Code | 500470 |
|---|---|
| NSE Symbol | TATASTEEL |
| MSEI Symbol | NOTLISTED |
| ISIN | INE081A01020 |
| Name of company | TATA STEEL LIMITED |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 12-11-2025 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 03-11-2025 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Second quarter |
| Nature of report standalone or consolidated | Consolidated |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 12-11-2025 14:00:00 |
| End date and time of board meeting | 12-11-2025 17:00:00 |
| Whether cash flow statement is applicable on company | Yes |
| Type of cash flow statement | Cash Flow Indirect |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2025 | 01-04-2025 |
| B | Date of end of reporting period | 30-09-2025 | 30-09-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| 1 | Income | ||
| Revenue from operations | 58,68,929.00 | 1,11,86,741.00 | |
| Other income | 36,355.00 | 65,222.00 | |
| Total income | 59,05,284.00 | 1,12,51,963.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 17,85,937.00 | 35,88,745.00 |
| (b) | Purchases of stock-in-trade | 5,58,757.00 | 9,53,600.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 97,914.00 | (41,871.00) |
| (d) | Employee benefit expense | 6,34,908.00 | 12,94,765.00 |
| (e) | Finance costs | 1,77,496.00 | 3,62,739.00 |
| (f) | Depreciation, depletion and amortisation expense | 2,89,300.00 | 5,63,730.00 |
| (f) | Other Expenses | ||
| 1 | Other Expenses | 19,01,759.00 | 37,59,094.00 |
| Total other expenses | 19,01,759.00 | 37,59,094.00 | |
| Total expenses | 54,46,071.00 | 1,04,80,802.00 | |
| 3 | Total profit before exceptional items and tax | 4,59,213.00 | 7,71,161.00 |
| 4 | Exceptional items | (42,041.00) | (55,253.00) |
| 5 | Total profit before tax | 4,17,172.00 | 7,15,908.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,20,750.00 | 2,08,405.00 |
| 8 | Deferred tax | (16,812.00) | 1,505.00 |
| 9 | Total tax expenses | 1,03,938.00 | 2,09,910.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 3,13,234.00 | 5,05,998.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 5,075.00 | 13,047.00 |
| 16 | Total profit (loss) for period | 3,18,309.00 | 5,19,045.00 |
| 17 | Other comprehensive income net of taxes | 1,49,079.00 | 3,83,495.00 |
| 18 | Total Comprehensive Income for the period | 4,67,388.00 | 9,02,540.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | 3,10,175.00 | 5,17,943.00 | |
| Total profit or loss, attributable to non-controlling interests | 8,134.00 | 1,102.00 | |
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | 4,55,119.00 | 8,94,340.00 | |
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | 12,269.00 | 8,200.00 | |
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 1,24,744.00 | 1,24,744.00 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 2.49 | 4.15 | |
| Diluted earnings (loss) per share from continuing operations | 2.49 | 4.15 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 2.49 | 4.15 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 2.49 | 4.15 | |
| 24 | Debt equity ratio | 0.91 | 0.93 |
| 25 | Debt service coverage ratio | 0.65 | 0.76 |
| 26 | Interest service coverage ratio | 4.80 | 4.25 |
| 27 | Disclosure of notes on financial results | ||
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | Year ended (dd-mm-yyyy) | |
|---|---|---|
| Date of start of reporting period | 01-04-2025 | |
| Date of end of reporting period | 30-09-2025 | |
| Whether results are audited or unaudited | Unaudited | |
| Nature of report standalone or consolidated | Consolidated | |
| Assets | ||
| 1 | Non-current assets | |
| Property, plant and equipment | 1,47,08,117.00 | |
| Capital work-in-progress | 33,15,223.00 | |
| Investment property | 0.00 | |
| Goodwill | 6,31,950.00 | |
| Other intangible assets | 11,72,180.00 | |
| Intangible assets under development | 97,295.00 | |
| Biological assets other than bearer plants | 0.00 | |
| Investments accounted for using equity method | 3,02,871.00 | |
| Non-current financial assets | ||
| Non-current investments | 3,04,590.00 | |
| Trade receivables, non-current | 0.00 | |
| Loans, non-current | 11,928.00 | |
| Other non-current financial assets | 1,96,007.00 | |
| Total non-current financial assets | 5,12,525.00 | |
| Deferred tax assets (net) | 4,18,172.00 | |
| Other non-current assets | 7,35,934.00 | |
| Total non-current assets | 2,18,94,267.00 | |
| 2 | Current assets | |
| Inventories | 45,58,937.00 | |
| Current financial asset | ||
| Current investments | 82,802.00 | |
| Trade receivables, current | 5,77,376.00 | |
| Cash and cash equivalents | 6,69,480.00 | |
| Bank balance other than cash and cash equivalents | 96,279.00 | |
| Loans, current | 500.00 | |
| Other current financial assets | 1,92,537.00 | |
| Total current financial assets | 16,18,974.00 | |
| Current tax assets (net) | 7,288.00 | |
| Other current assets | 4,77,066.00 | |
| Total current assets | 66,62,265.00 | |
| 3 | Non-current assets classified as held for sale | 0.00 |
| 4 | Regulatory deferral account debit balances and related deferred tax Assets | 0.00 |
| Total assets | 2,85,56,532.00 | |
| Equity and liabilities | ||
| 1 | Equity | |
| Equity attributable to owners of parent | ||
| Equity share capital | 1,24,744.00 | |
| Other equity | 93,69,986.00 | |
| Total equity attributable to owners of parent | 94,94,730.00 | |
| Non controlling interest | 98,461.00 | |
| Total equity | 95,93,191.00 | |
| 2 | Liabilities | |
| Non-current liabilities | ||
| Non-current financial liabilities | ||
| Borrowings, non-current | 70,95,357.00 | |
| Trade payables, non-current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 0.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 0.00 | |
| Total Trade payable | 0.00 | |
| Other non-current financial liabilities | 1,39,553.00 | |
| Total non-current financial liabilities | 72,34,910.00 | |
| Provisions, non-current | 5,76,459.00 | |
| Deferred tax liabilities (net) | 14,40,027.00 | |
| Deferred government grants, Non-current | 0.00 | |
| Other non-current liabilities | 7,36,066.00 | |
| Total non-current liabilities | 99,87,462.00 | |
| Current liabilities | ||
| Current financial liabilities | ||
| Borrowings, current | 24,68,956.00 | |
| Trade payables, current | ||
| (A) Total outstanding dues of micro enterprises and small enterprises | 1,66,325.00 | |
| (B) Total outstanding dues of creditors other than micro enterprises and small enterprises | 28,41,361.00 | |
| Total Trade payable | 30,07,686.00 | |
| Other current financial liabilities | 15,95,348.00 | |
| Total current financial liabilities | 70,71,990.00 | |
| Other current liabilities | 12,63,975.00 | |
| Provisions, current | 3,98,895.00 | |
| Current tax liabilities (Net) | 2,41,019.00 | |
| Deferred government grants, Current | 0.00 | |
| Total current liabilities | 89,75,879.00 | |
| 3 | Liabilities directly associated with assets in disposal group classified as held for sale | 0.00 |
| 4 | Regulatory deferral account credit balances and related deferred tax liability | 0.00 |
| Total liabilities | 1,89,63,341.00 | |
| Total equity and liabilites | 2,85,56,532.00 | |
| Disclosure of notes on assets and liabilities | ||
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-07-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 30-09-2025 | 30-09-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Consolidated | Consolidated | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Tata Steel India | 34,67,954.00 | 65,69,390.00 | ||||
| 2 | Neelachal Ispat Nigam Limited | 1,28,437.00 | 2,21,116.00 | ||||
| 3 | Other Indian Operations | 2,62,980.00 | 5,01,083.00 | ||||
| 4 | Tata Steel Netherlands Operations | 15,71,893.00 | 30,33,762.00 | ||||
| 5 | Tata Steel UK Operations | 5,92,698.00 | 12,02,259.00 | ||||
| 6 | Other Trade Related Operations | 8,48,145.00 | 18,14,581.00 | ||||
| 7 | South East Asian Operations | 2,35,181.00 | 4,49,486.00 | ||||
| 8 | Rest of the World | 72,940.00 | 1,14,437.00 | ||||
| 9 | Inter Segment Elimination | (13,11,299.00) | (27,19,373.00) | ||||
| Total Segment Revenue | 58,68,929.00 | 1,11,86,741.00 | |||||
| Less: Inter segment revenue | |||||||
| Revenue from operations | 58,68,929.00 | 1,11,86,741.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Tata Steel India | 8,39,359.00 | 15,65,627.00 | ||||
| 2 | Neelachal Ispat Nigam Limited | 26,017.00 | 48,372.00 | ||||
| 3 | Other Indian Operations | 12,711.00 | 20,587.00 | ||||
| 4 | Tata Steel Netherlands Operations | 91,640.00 | 1,52,728.00 | ||||
| 5 | Tata Steel UK Operations | (76,492.00) | (1,23,614.00) | ||||
| 6 | Other Trade Related Operations | 3,724.00 | 11,134.00 | ||||
| 7 | South East Asian Operations | 33,031.00 | 48,624.00 | ||||
| 8 | Rest of the World | 1,759.00 | (26,945.00) | ||||
| 9 | Inter Segment Elimination | (21,169.00) | (37,975.00) | ||||
| Total Profit before tax | 9,10,580.00 | 16,58,538.00 | |||||
| i. Finance cost | 1,77,496.00 | 3,62,739.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | 3,10,837.00 | 5,66,844.00 | |||||
| Profit before tax | 4,22,247.00 | 7,28,955.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Tata Steel India | 1,89,21,115.00 | 1,89,21,115.00 | ||||
| 2 | Neelachal Ispat Nigam Limited | 13,66,275.00 | 13,66,275.00 | ||||
| 3 | Other Indian Operations | 8,24,121.00 | 8,24,121.00 | ||||
| 4 | Tata Steel Netherlands Operations | 59,98,214.00 | 59,98,214.00 | ||||
| 5 | Tata Steel UK Operations | 15,51,854.00 | 15,51,854.00 | ||||
| 6 | Other Trade Related Operations | 10,55,890.00 | 10,55,890.00 | ||||
| 7 | South East Asian Operations | 4,97,104.00 | 4,97,104.00 | ||||
| 8 | Rest of the World | 7,10,413.00 | 7,10,413.00 | ||||
| 9 | Inter Segment Elimination | (23,68,454.00) | (23,68,454.00) | ||||
| Total Segment Asset | 2,85,56,532.00 | 2,85,56,532.00 | |||||
| Un-allocable Assets | 0.00 | 0.00 | |||||
| Net Segment Asset | 2,85,56,532.00 | 2,85,56,532.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Tata Steel India | 1,35,15,853.00 | 1,35,15,853.00 | ||||
| 2 | Neelachal Ispat Nigam Limited | 8,43,967.00 | 8,43,967.00 | ||||
| 3 | Other Indian Operations | 2,56,029.00 | 2,56,029.00 | ||||
| 4 | Tata Steel Netherlands Operations | 25,79,971.00 | 25,79,971.00 | ||||
| 5 | Tata Steel UK Operations | 13,76,479.00 | 13,76,479.00 | ||||
| 6 | Other Trade Related Operations | 19,65,683.00 | 19,65,683.00 | ||||
| 7 | South East Asian Operations | 95,042.00 | 95,042.00 | ||||
| 8 | Rest of the World | 12,55,010.00 | 12,55,010.00 | ||||
| 9 | Inter Segment Elimination | (29,24,693.00) | (29,24,693.00) | ||||
| Total Segment Liabilities | 1,89,63,341.00 | 1,89,63,341.00 | |||||
| Un-allocable Liabilities | 0.00 | 0.00 | |||||
| Net Segment Liabilities | 1,89,63,341.00 | 1,89,63,341.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-07-2025 | 01-04-2025 |
| B | Date of end of reporting period | 30-09-2025 | 30-09-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Consolidated | Consolidated |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit or loss | -89600000 | 4114200000 |
| Total Amount of items that will not be reclassified to profit and loss | (896.00) | 41,142.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 313.00 | 8,176.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| 1 | Items that will be reclassified to profit or loss | 16223400000 | 35220300000 |
| Total Amount of items that will be reclassified to profit and loss | 1,62,234.00 | 3,52,203.00 | |
| 4 | Income tax relating to items that will be reclassified to profit or loss | 11,946.00 | 1,674.00 |
| 5 | Total Other comprehensive income | 1,49,079.00 | 3,83,495.00 |
| Particulars | Year ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|
| A | Date of start of reporting period | 01-04-2025 | ||||
| B | Date of end of reporting period | 30-09-2025 | ||||
| C | Whether results are audited or unaudited | Unaudited | ||||
| D | Nature of report standalone or consolidated | Consolidated | ||||
| Statement of cash flows | ||||||
| Cash flows from used in operating activities | ||||||
| Profit before tax | 7,15,908.00 | |||||
| Adjustments for reconcile profit (loss) | ||||||
| Adjustments for finance costs | 3,62,739.00 | |||||
| Adjustments for decrease (increase) in inventories | 1,22,023.00 | |||||
| Adjustments for decrease (increase) in trade receivables, current | (70,034.00) | |||||
| Adjustments for decrease (increase) in trade receivables, non-current | 0.00 | |||||
| Adjustments for decrease (increase) in other current assets | 0.00 | |||||
| Adjustments for decrease (increase) in other non-current assets | 0.00 | |||||
| Adjustments for other financial assets, non-current | 0.00 | |||||
| Adjustments for other financial assets, current | 0.00 | |||||
| Adjustments for other bank balances | 0.00 | |||||
| Adjustments for increase (decrease) in trade payables, current | (2,21,785.00) | |||||
| Adjustments for increase (decrease) in trade payables, non-current | 0.00 | |||||
| Adjustments for increase (decrease) in other current liabilities | 0.00 | |||||
| Adjustments for increase (decrease) in other non-current liabilities | 0.00 | |||||
| Adjustments for depreciation and amortisation expense | 5,63,730.00 | |||||
| Adjustments for impairment loss reversal of impairment loss recognised in profit or loss | 0.00 | |||||
| Adjustments for provisions, current | 0.00 | |||||
| Adjustments for provisions, non-current | 0.00 | |||||
| Adjustments for other financial liabilities, current | 0.00 | |||||
| Adjustments for other financial liabilities, non-current | 0.00 | |||||
| Adjustments for unrealised foreign exchange losses gains | (9,603.00) | |||||
| Adjustments for dividend income | 9,698.00 | |||||
| Adjustments for interest income | 39,092.00 | |||||
| Adjustments for share-based payments | 0.00 | |||||
| Adjustments for fair value losses (gains) | 0.00 | |||||
| Adjustments for undistributed profits of associates | 0.00 | |||||
| Other adjustments for which cash effects are investing or financing cash flow | 55,616.00 | |||||
| Other adjustments to reconcile profit (loss) | 0.00 | |||||
| Other adjustments for non-cash items | (1,979.00) | |||||
| Share of profit and loss from partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Total adjustments for reconcile profit (loss) | 7,51,917.00 | |||||
| Net cash flows from (used in) operations | 14,67,825.00 | |||||
| Dividends received | 0.00 | |||||
| Interest paid | 0.00 | |||||
| Interest received | 0.00 | |||||
| Income taxes paid (refund) | 1,60,445.00 | |||||
| Other inflows (outflows) of cash | 0.00 | |||||
| Net cash flows from (used in) operating activities | 13,07,380.00 | |||||
| Cash flows from used in investing activities | ||||||
| Cash flows from losing control of subsidiaries or other businesses | 100.00 | |||||
| Cash flows used in obtaining control of subsidiaries or other businesses | 0.00 | |||||
| Other cash receipts from sales of equity or debt instruments of other entities | 1,737.00 | |||||
| Other cash payments to acquire equity or debt instruments of other entities | 31,116.00 | |||||
| Other cash receipts from sales of interests in joint ventures | 0.00 | |||||
| Other cash payments to acquire interests in joint ventures | 0.00 | |||||
| Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Cash payment for investment in partnership firm or association of persons or limited liability partnerships | 0.00 | |||||
| Proceeds from sales of property, plant and equipment | 2,185.00 | |||||
| Purchase of property, plant and equipment | 7,43,358.00 | |||||
| Proceeds from sales of investment property | 0.00 | |||||
| Purchase of investment property | 0.00 | |||||
| Proceeds from sales of intangible assets | 0.00 | |||||
| Purchase of intangible assets | 0.00 | |||||
| Proceeds from sales of intangible assets under development | 0.00 | |||||
| Purchase of intangible assets under development | 0.00 | |||||
| Proceeds from sales of goodwill | 0.00 | |||||
| Purchase of goodwill | 0.00 | |||||
| Proceeds from biological assets other than bearer plants | 0.00 | |||||
| Purchase of biological assets other than bearer plants | 0.00 | |||||
| Proceeds from government grants | 35,415.00 | |||||
| Proceeds from sales of other long-term assets | 0.00 | |||||
| Purchase of other long-term assets | 0.00 | |||||
| Cash advances and loans made to other parties | 0.00 | |||||
| Cash receipts from repayment of advances and loans made to other parties | 1,047.00 | |||||
| Cash payments for future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Cash receipts from future contracts, forward contracts, option contracts and swap contracts | 0.00 | |||||
| Dividends received | 22,934.00 | |||||
| Interest received | 17,340.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 34,313.00 | |||||
| Net cash flows from (used in) investing activities | (6,59,403.00) | |||||
| Cash flows from used in financing activities | ||||||
| Proceeds from changes in ownership interests in subsidiaries | 0.00 | |||||
| Payments from changes in ownership interests in subsidiaries | 1,750.00 | |||||
| Proceeds from issuing shares | 0.00 | |||||
| Proceeds from issuing other equity instruments | 0.00 | |||||
| Payments to acquire or redeem entity's shares | 0.00 | |||||
| Payments of other equity instruments | 0.00 | |||||
| Proceeds from exercise of stock options | 0.00 | |||||
| Proceeds from issuing debentures notes bonds etc | 0.00 | |||||
| Proceeds from borrowings | 14,25,971.00 | |||||
| Repayments of borrowings | 15,61,872.00 | |||||
| Payments of lease liabilities | 66,284.00 | |||||
| Dividends paid | 4,49,009.00 | |||||
| Interest paid | 3,59,623.00 | |||||
| Income taxes paid (refund) | 0.00 | |||||
| Other inflows (outflows) of cash | 27,750.00 | |||||
| Net cash flows from (used in) financing activities | (9,84,817.00) | |||||
| Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes | (3,36,840.00) | |||||
| Effect of exchange rate changes on cash and cash equivalents | ||||||
| Effect of exchange rate changes on cash and cash equivalents | 45,824.00 | |||||
| Net increase (decrease) in cash and cash equivalents | (2,91,016.00) | |||||
| Cash and cash equivalents cash flow statement at beginning of period | 9,60,496.00 | |||||
| Cash and cash equivalents cash flow statement at end of period | 6,69,480.00 | |||||