Tata Steel Ltd. Q1 FY2027 results: revenue ₹60,794 crore, up 14.3% on the year
Tata Steel Ltd. (TATASTEEL) reported consolidated revenue from operations of ₹60,794 crore for Q1 FY2027, the quarter ended 30 June 2026, up 14.3% on the same quarter a year earlier. Profit after tax was ₹2,385 crore, up 18.8% on the year, and earnings per share ₹1.86. The figures are the company's own, from the un-audited results it filed with NSE on 30 July 2026.
The quarter, against the one before and a year earlier
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 60,794 | 63,270 | 53,178 | +14.3% |
| Other income | 233 | 248 | 289 | -19.4% |
| Total income | 61,027 | 63,519 | 53,467 | +14.1% |
| Cost of materials consumed | 20,186 | 19,665 | 18,028 | +12.0% |
| Purchases of stock-in-trade | 5,182 | 4,553 | 3,948 | +31.3% |
| Changes in inventories | -2,414 | 1,953 | -1,398 | n/a |
| Employee benefit expense | 7,226 | 6,698 | 6,599 | +9.5% |
| Finance costs | 1,771 | 1,792 | 1,852 | -4.4% |
| Depreciation, depletion and amortisation | 3,640 | 3,268 | 2,744 | +32.6% |
| Other expenses | 21,350 | 20,572 | 18,573 | +14.9% |
| Total expenses | 56,940 | 58,502 | 50,347 | +13.1% |
| Profit before exceptional items and tax | 4,087 | 5,016 | 3,119 | +31.0% |
| Exceptional items | -345 | -340 | -132 | n/a |
| Profit before tax | 3,741 | 4,676 | 2,987 | +25.2% |
| Current tax | 1,000 | 1,911 | 877 | +14.1% |
| Deferred tax | 453 | -65 | 183 | +147.1% |
| Total tax | 1,452 | 1,845 | 1,060 | +37.0% |
| Profit after tax | 2,385 | 2,965 | 2,007 | +18.8% |
| Attributable to owners of the parent | 2,318 | 2,926 | 2,078 | +11.6% |
| Other comprehensive income | -48 | 791 | 2,344 | n/a |
| Total comprehensive income | 2,337 | 3,756 | 4,352 | -46.3% |
| EPS, basic | ₹1.86 | ₹2.34 | ₹1.67 | +11.4% |
| EPS, diluted | ₹1.86 | ₹2.34 | ₹1.67 | +11.4% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2027 | Q4 FY2026 | Q1 FY2026 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.80 | 0.79 | 0.01 | |
| Debt service coverage | 1.03 | 0.92 | 0.01 | |
| Interest service coverage | 4.53 | 5.27 | 0.04 |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q1 FY2027
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Tata Steel India | 36,897 | 46.0% | 9,409 | 25.5% |
| Neelachal Ispat Nigam Limited | 1,712 | 2.1% | 498 | 29.1% |
| Other Indian Operations | 4,395 | 5.5% | 439 | 10.0% |
| Tata Steel Netherlands Operations | 15,803 | 19.7% | 39 | 0.2% |
| Tata Steel UK Operations | 6,115 | 7.6% | -341 | -5.6% |
| Other Trade Related Operations | 12,689 | 15.8% | -127 | -1.0% |
| South East Asian Operations | 2,346 | 2.9% | 194 | 8.3% |
| Rest of the World | 340 | 0.4% | -311 | -91.5% |
| Inter Segment Eliminations | -19,503 | n/a | -431 | n/a |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 55,682 | 55,312 | 58,687 | 54,771 | 53,905 | 53,648 | 56,218 | 53,178 | 58,689 | 57,002 | 63,270 | 60,794 |
| Expenses | 55,853 | 53,351 | 56,497 | 52,389 | 52,332 | 52,118 | 54,168 | 50,347 | 54,461 | 53,599 | 58,502 | 56,940 |
| Operating profit | 4,268 | 6,264 | 6,601 | 6,694 | 6,141 | 5,903 | 6,559 | 7,428 | 8,897 | 8,200 | 9,829 | 9,264 |
| OPM % | 8% | 11% | 11% | 12% | 11% | 11% | 12% | 14% | 15% | 14% | 16% | 15% |
| Other income | 228 | 228 | 176 | 260 | 599 | 221 | 461 | 289 | 364 | 501 | 248 | 233 |
| Interest | 1,959 | 1,881 | 1,842 | 1,777 | 1,971 | 1,804 | 1,789 | 1,852 | 1,775 | 1,747 | 1,792 | 1,771 |
| Depreciation | 2,480 | 2,422 | 2,568 | 2,535 | 2,597 | 2,569 | 2,720 | 2,744 | 2,893 | 3,049 | 3,268 | 3,640 |
| Exceptional items | -6,899 | -334 | -594 | -358 | 18 | -126 | -389 | -132 | -420 | -140 | -340 | -345 |
| Profit before tax | -6,842 | 1,855 | 1,772 | 2,284 | 2,190 | 1,625 | 2,123 | 2,987 | 4,172 | 3,765 | 4,676 | 3,741 |
| Tax % | n/a | 76% | 71% | 64% | 64% | 85% | 47% | 35% | 25% | 30% | 39% | 39% |
| Net profit | -6,511 | 522 | 555 | 919 | 759 | 295 | 1,201 | 2,007 | 3,183 | 2,730 | 2,965 | 2,385 |
| EPS in ₹ | -₹5.08 | ₹0.42 | ₹0.49 | ₹0.77 | ₹0.67 | ₹0.26 | ₹1.04 | ₹1.67 | ₹2.49 | ₹2.16 | ₹2.34 | ₹1.86 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 30 June 2026, filed with NSE on 30 July 2026: the result statement. All of Tata Steel Ltd.'s results: NSE company page.
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