Tata Steel reported that its net profit in the March quarter more than doubled to ₹2,965 crore, up from ₹1,200 crore in the same period last year, on the back of better realisation.
Revenue was up 13 per cent at ₹62,687 crore (₹55,707 crore).
The company has declared a dividend of ₹4 per share.
Sales volume increased 5 per cent to 8.72 million tonnes (8.33 mt). EBITDA was up 46 per cent at ₹11,401 (₹7,819) per tonne, as steel prices increased sharply, with primary producers passing on incremental costs to end consumers.
Tata Steel Netherlands (TSN) has paid over €20 million as penalties in FY26 for exceeding the prescribed emission level at its IJmuiden coke oven and gas plants. Many of the penalties relate to breaches of emission levels, which are not operationally feasible even with the best practices available globally, given the vintage 40-50-year-old coke ovens, said the company.
