Integrated Filing — IndAS



General information about company

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 15-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 15-05-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth 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 Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 15-05-2026   14:00:00
End date and time of board meeting 15-05-2026   17:15:00
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 Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 63,27,013.00 2,32,13,994.00
Other income 24,847.00 1,40,178.00
Total income 63,51,860.00 2,33,54,172.00
2 Expenses
(a) Cost of materials consumed 19,66,452.00 74,46,893.00
(b) Purchases of stock-in-trade 4,55,333.00 18,15,914.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 1,95,335.00 98,962.00
(d) Employee benefit expense 6,69,815.00 25,99,898.00
(e) Finance costs 1,79,238.00 7,16,706.00
(f) Depreciation, depletion and amortisation expense 3,26,840.00 11,95,451.00
(f) Other Expenses
1 Other Expenses 20,57,212.00 78,17,083.00
Total other expenses 20,57,212.00 78,17,083.00
Total expenses 58,50,225.00 2,16,90,907.00
3 Total profit before exceptional items and tax 5,01,635.00 16,63,265.00
4 Exceptional items (34,005.00) (1,03,246.00)
5 Total profit before tax 4,67,630.00 15,60,019.00
6 Tax expense
7 Current tax 1,91,062.00 5,26,137.00
8 Deferred tax (6,525.00) (17,850.00)
9 Total tax expenses 1,84,537.00 5,08,287.00
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 2,83,093.00 10,51,732.00
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 13,407.00 36,850.00
16 Total profit (loss) for period 2,96,500.00 10,88,582.00
17 Other comprehensive income net of taxes 79,068.00 5,49,211.00
18 Total Comprehensive Income for the period 3,75,568.00 16,37,793.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 2,92,574.00 10,79,387.00
Total profit or loss, attributable to non-controlling interests 3,926.00 9,195.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 3,68,871.00 16,15,018.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 6,697.00 22,775.00
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 1,02,53,301.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 2.34 8.65
Diluted earnings (loss) per share from continuing operations 2.34 8.65
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 2.34 8.65
Diluted earnings (loss) per share from continuing and discontinued operations 2.34 8.65
24 Debt equity ratio 0.7900 0.8200
25 Debt service coverage ratio 0.9200 0.9800
26 Interest service coverage ratio 5.2700 4.7200
27 Disclosure of notes on financial results



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 1,59,95,087.00
Capital work-in-progress 27,51,029.00
Investment property 0.00
Goodwill 7,53,380.00
Other intangible assets 12,42,346.00
Intangible assets under development 98,642.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 2,94,347.00
Non-current financial assets
Non-current investments 3,14,184.00
Trade receivables, non-current 0.00
Loans, non-current 12,620.00
Other non-current financial assets
1 Derivative assets 70,385.00
2 Other financial assets 82,859.00
Total of other non-current financial assets 1,53,244.00
Total non-current financial assets 4,80,048.00
Deferred tax assets (net) 4,73,949.00
Other non-current assets
1 Retirement benefit assets 8,638.00
2 Income tax assets 3,85,200.00
3 Other assets 3,90,728.00
Total of other non-current assets 7,84,566.00
Total non-current assets 2,28,73,394.00
2 Current assets
Inventories 47,24,922.00
Current financial asset
Current investments 1,00,354.00
Trade receivables, current 4,91,689.00
Cash and cash equivalents 8,88,495.00
Bank balance other than cash and cash equivalents 1,17,258.00
Loans, current 335.00
Other current financial assets
Total of other current financial assets 3,35,797.00
Total current financial assets 19,33,928.00
Current tax assets (net) 7,628.00
Other current assets
1 Other assets 5,60,033.00
Total of other current assets 5,60,033.00
Total current assets 72,26,511.00
3 Non-current assets classified as held for sale 25,506.00
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 3,01,25,411.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 1,24,744.00
Other equity 1,00,92,021.00
Total equity attributable to owners of parent 1,02,16,765.00
Non controlling interest 1,61,280.00
Total equity 1,03,78,045.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 69,98,666.00
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 Other financial liabilities 1,26,262.00
Total of other non-current financial liabilities 1,26,262.00
Total non-current financial liabilities 71,24,928.00
Provisions, non-current 5,98,963.00
Deferred tax liabilities (net) 15,33,224.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Retirement benefit obligations 3,28,963.00
2 Deferred income 1,59,857.00
3 Other liabilities 3,09,667.00
Total of other non-current liabilities 7,98,487.00
Total non-current liabilities 1,00,55,602.00
Current liabilities
Current financial liabilities
Borrowings, current 22,39,502.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 1,89,889.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 32,91,125.00
Total Trade payable 34,81,014.00
Other current financial liabilities
1 Derivative liabilities 26,071.00
2 Other financial liabilities 17,50,983.00
Total of other current financial liabilities 17,77,054.00
Total current financial liabilities 74,97,570.00
Other current liabilities 13,42,302.00
1 Retirement benefit obligations 14,863.00
2 Deferred income 8,809.00
3 Other liabilities 13,18,630.00
Total of other current liabilities 13,42,302.00
Provisions, current 6,04,820.00
Current tax liabilities (Net) 2,47,072.00
Deferred government grants, Current
Total current liabilities 96,91,764.00
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 1,97,47,366.00
Total equity and liabilites 3,01,25,411.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

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 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Unaudited Audited
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 38,44,796.00 1,39,72,022.00
2 Neelachal Ispat Nigam Limited 1,50,728.00 5,28,159.00
3 Other Indian Operations 5,09,731.00 12,94,395.00
4 Tata Steel Netherlands Operations 17,01,600.00 61,35,484.00
5 Tata Steel UK Operations 5,77,444.00 23,33,267.00
6 Other Trade Related Operations 11,52,193.00 39,56,196.00
7 South East Asian Operations 2,20,450.00 8,60,546.00
8 Rest of the World 26,618.00 1,79,519.00
9 Inter Segment Eliminations (18,56,547.00) (60,45,594.00)
Total Segment Revenue 63,27,013.00 2,32,13,994.00
Less: Inter segment revenue
Revenue from operations 63,27,013.00 2,32,13,994.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Tata Steel India 9,43,901.00 33,03,563.00
2 Neelachal Ispat Nigam Limited 40,166.00 1,23,629.00
3 Other Indian Operations 25,859.00 70,725.00
4 Tata Steel Netherlands Operations 62,386.00 2,72,152.00
5 Tata Steel UK Operations (59,126.00) (2,56,899.00)
6 Other Trade Related Operations 46,091.00 61,079.00
7 South East Asian Operations 9,411.00 77,455.00
8 Rest of the World (57,714.00) (83,737.00)
9 Inter Segment Eliminations (15,639.00) (83,194.00)
Total Profit before tax 9,95,335.00 34,84,773.00
i. Finance cost 1,79,238.00 7,16,706.00
ii. Other Unallocable Expenditure net off Unallocable income 5,19,597.00 16,79,485.00
Profit before tax 2,96,500.00 10,88,582.00
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Tata Steel India 1,88,36,054.00 1,88,36,054.00
2 Neelachal Ispat Nigam Limited 14,23,893.00 14,23,893.00
3 Other Indian Operations 12,72,417.00 12,72,417.00
4 Tata Steel Netherlands Operations 64,87,145.00 64,87,145.00
5 Tata Steel UK Operations 17,66,748.00 17,66,748.00
6 Other Trade Related Operations 15,26,643.00 15,26,643.00
7 South East Asian Operations 5,38,014.00 5,38,014.00
8 Rest of the World 7,04,849.00 7,04,849.00
9 Inter Segment Eliminations (24,55,858.00) (24,55,858.00)
Total Segment Asset 3,00,99,905.00 3,00,99,905.00
Un-allocable Assets 25,506.00 25,506.00
Net Segment Asset 3,01,25,411.00 3,01,25,411.00
4 Segment Liabilities
Segment Liabilities
1 Tata Steel India 1,40,19,983.00 1,40,19,983.00
2 Neelachal Ispat Nigam Limited 9,03,438.00 9,03,438.00
3 Other Indian Operations 5,71,137.00 5,71,137.00
4 Tata Steel Netherlands Operations 27,45,156.00 27,45,156.00
5 Tata Steel UK Operations 13,49,941.00 13,49,941.00
6 Other Trade Related Operations 18,90,806.00 18,90,806.00
7 South East Asian Operations 1,10,921.00 1,10,921.00
8 Rest of the World 13,22,555.00 13,22,555.00
9 Inter Segment Eliminations (31,66,571.00) (31,66,571.00)
Total Segment Liabilities 1,97,47,366.00 1,97,47,366.00
Un-allocable Liabilities 0.00 0.00
Net Segment Liabilities 1,97,47,366.00 1,97,47,366.00
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

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 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Unaudited Audited
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 (6,210.00) 46,208.00
Total Amount of items that will not be reclassified to profit and loss (6,210.00) 46,208.00
2 Income tax relating to items that will not be reclassified to profit or loss (1,631.00) 10,750.00
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 88,781.00 5,19,031.00
Total Amount of items that will be reclassified to profit and loss 88,781.00 5,19,031.00
4 Income tax relating to items that will be reclassified to profit or loss 5,134.00 5,278.00
5 Total Other comprehensive income 79,068.00 5,49,211.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 15,60,019.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 7,16,706.00
Adjustments for decrease (increase) in inventories 1,29,006.00
Adjustments for decrease (increase) in trade receivables, current (44,647.00)
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 4,59,869.00
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 11,95,451.00
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 (29,819.00)
Adjustments for dividend income 10,676.00
Adjustments for interest income 90,649.00
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 97,129.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items (16,287.00)
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 24,06,083.00
Net cash flows from (used in) operations 39,66,102.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 4,59,656.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 35,06,446.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 61,071.00
Cash flows used in obtaining control of subsidiaries or other businesses 2,84,591.00
Other cash receipts from sales of equity or debt instruments of other entities 1,986.00
Other cash payments to acquire equity or debt instruments of other entities 55,293.00
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 86,276.00
Purchase of property, plant and equipment 14,55,905.00
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 53,330.00
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 3,207.00
Cash receipts from repayment of advances and loans made to other parties 4,374.00
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 40,766.00
Interest received 64,952.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (4,290.00)
Net cash flows from (used in) investing activities (14,90,531.00)
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 1,969.00
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 15,95,350.00
Repayments of borrowings 23,89,678.00
Payments of lease liabilities 1,16,214.00
Dividends paid 4,48,987.00
Interest paid 8,06,555.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash 29,341.00
Net cash flows from (used in) financing activities (21,38,712.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (1,22,797.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 50,796.00
Net increase (decrease) in cash and cash equivalents (72,001.00)
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 8,88,495.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 Price Waterhouse & Co Chartered Accountants LLP Yes 30-11-2026