Tata Steel Ltd

The domestic equity benchmarks traded with major gains in the afternoon trade buoyed optimism due to the recently concluded India-US trade agreement and positive global cues. Sentiments further lifted by key agreements signed between India-Malaysia. Investors will monitor ongoing Q3 earnings season. The Nifty traded near the 25,850 mark. All the sectoral indices on the NSE were traded in green with Media, PSU Bank and consumer durables shares leading the rally. At 13:25 ST, the barometer index, the S&P BSE Sensex jumped 423.23 points or 0.51% to 84,000.72. The Nifty 50 index added 149.70 points or 0.58% to 25,844.35. The broader market outperformed the frontline indices. The S&P BSE 150 MidCap Index climbed 1.40% and the S&P BSE 250 SmallCap Index rose 2.06%. The market breadth was strong. On the BSE, 3,034 shares rose and 1,166 shares fell. A total of 188 shares were unchanged. The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, rose 1.71% to 12.15. Gainers & Losers: State Bank of India (up 6.89%), Shirram Finance (up 4.02%), Grasim Industries (up2.89%), Tata Steel (up 2.53%) and Tata Motors Passenger Vehicles (up 2.14%) were the major Nifty50 gainers. Max Healthcare (down 1.50%), ICICI Bank (down 1%), Infosys (down 0.73%), ITC (down 0.68%) and HDFC Bank (down 0.48%) were the major Nifty50 losers. State Bank of India has rallied 6.89% after the bank reported 24.49% jump in net profit to Rs 21,028 crore on a 9.69% increase in total income to Rs 1,40,915 crore in Q3 FY26 as compared with Q3 FY25. Tata Steel added 2.53% after the steelmaker reported a sharp 723.14% jump in consolidated net profit to Rs 2688.70 crore on 6.4% increase in revenue from operations to Rs 56,646.05 crore in Q3 FY26 over Q3 FY25. India-Malaysia sign key agreements Prime Minister (PM) Narendra Modi visited Malaysia from 7 February to 8 February 2026 and held bilateral talks with Malaysian PM Anwar Ibrahim. The wide-ranging talks during the two-day official visit, marked a significant step in strengthening the Comprehensive Strategic Partnership between India and Malaysia. India and Malaysia has signed 11 Memorandums of Understanding (MoUs) and exchanged several bilateral documents across a broad range of sectors during Prime Minister Narendra Modi's two-day official visit to Kuala Lumpur. The agreements, signed in the presence of PM Modi and his Malaysian counterpart Anwar Ibrahim following delegation-level talks, span trade and investment, semiconductors, digital economy, healthcare, security cooperation and peacekeeping, officials said. The two leaders launched Malaysia-India Digital Council (MLDC) and backed NPCI'PayNet payment link, paving way to introduce India's Unified Payments Interface (UPI) system in Malaysia. This initiative will simplify cross-border payments for businesses and travellers and strengthen financial ties between the two economies. Stocks in Spotlight: Hi-Tech Pipes added 5.40% after the company announced the commencement of commercial production at its Sikandrabad, Unit-III (Uttar Pradesh) greenfield manufacturing facility. The Sikandrabad facility hosts a production capacity of 0.12 million tons. It would specialise in the production on ERW pipes and hollow sections. The company has reported 14.2% fall in consolidated net profit to Rs 17.38 crore despite a 24.6% increase in net revenue from operations to Rs 1,069.58 crore in Q3 FY26 as compared with Q3 FY25. Ganesha Ecosphere surged 17.60% after the company delivered a decisive sequential recovery in Q3 FY26. On a sequential basis, Ganesha Ecosphere returned to profitability in Q3 FY26, with consolidated net profit at Rs 4.75 crore compared with a loss of Rs 0.50 crore in Q2 FY26. Revenue from operations eased 1.7% QoQ to Rs 357.22 crore. On a year-on-year basis, consolidated net profit declined 84% YoY from Rs 29.71 crore in Q3 FY25, while revenue from operations fell 10.2% YoY from Rs 397.80 crore. Shipping Corporation of India soared 16.46% after the company reported a 436.24% surge in consolidated net profit to Rs 404.97 crore in Q3 FY26, compared with Rs 75.52 crore in Q3 FY25. Revenue from operations increased 22.5% year-on-year to Rs 1,611.67 crore for the quarter ended 31 December 2025. Kalyan Jewellers India zoomed 12.82% after its consolidated net profit surged 90.24% to Rs 416.29 crore in Q3 FY26, supported by a 42.17% increase in revenue from operations to Rs 10,343.4 crore compared to the same period last year. JK Tyre & Industries rallied 5.46% after the company's consolidated net profit surged 294.96% to Rs 207.75 crore on a 14.95% increase in revenue from operations to Rs 4,222.96 crore in Q3 FY26 over Q3 FY25. Ram Ratna Wires rallied 9.83% after the company reported a 73.1% jump in consolidated net profit to Rs 31.28 crore on 43.8% rise in revenue from operations to Rs 1,277.93 crore in Q3 FY26 over Q3 FY25. Atul Auto surged 10.23% after the company's consolidated net profit zoomed 98.06% to Rs 15.35 crore in Q3 FY26 as against Rs 7.75 crore posted in Q3 FY25. Total revenue from operations grew by 18.39% year-on-year (YoY) to Rs 230.86 crore in the quarter ended 31 December 2025. Global Markets: European market advanced as investors are awaited for the earnings report from UniCredit. Asian markets advanced on Monday, led by a surge in Japanese stocks following Prime Minister Sanae Takaichi's historic landslide election victory. The ruling Liberal Democratic Party captured a two-thirds supermajority in the 465-seat lower house, public broadcaster NHK reported. A decisive win for Takaichi could be the 'best outcome' for markets over the medium term, as strategic investments and tax reform bolster equities, said Sree Kochugovindan, media report said. Japanese stocks have hit several highs over the past few months, driven by the so-called 'Takaichi trade' as markets expect the prime minister's economic policies ' seen as growth‑focused continuation of Abenomics ' to boost equities, while weakening the yen as she pushes for a looser monetary policy and higher government spending. U.S. President Donald Trump congratulated Takaichi on her victory in a TruthSocial post. Last Friday in the U.S., stocks surged as tech names recovered following several days of heavy selling in the sector and bitcoin rebounded following a rout that took the popular cryptocurrency down more than 50% from its high in October last year. The Dow Jones Industrial Average advanced 1,206.95 points, or 2.47%, closing at 50,115.67. Friday marked the first time the Dow exceeded the 50,000 level. The S&P 500 jumped 1.97% and ended at 6,932.30, while the Nasdaq Composite advanced 2.18% to 23,031.21. With those moves, the S&P 500 climbed back into the green for 2026. Even with Friday's rise, the S&P 500 posted a 0.1% decline for the week, while the Nasdaq fell 1.8% on the week. The 30-stock Dow rose 2.5% week to date, benefiting from some rotation into some economically cyclical stocks even as the overall market was weighed down by tech selling.Powered by Capital Market - Live

Profit before exceptional items and tax surged 122.92% YoY to Rs 4,008.65 crore during the quarter. However, the company reported a net exceptional loss Rs 139.88 crore in Q3 FY26. The exceptional losses were primarily driven by restructuring and other provisions amounting to Rs 737.19 crore, which represented the largest impact. This was accompanied by impairment of non-current assets of Rs 94.18 crore, provisions for demands and claims of Rs 102.24 crore, employee separation compensation costs of Rs 43.05 crore, and a statutory charge of Rs 81.79 crore arising from the implementation of new labour codes. These exceptional expenses were partially offset by a fair value gain of Rs 918.57 crore on non-current investments. EBITDA jumped 39% YoY to Rs 8,309 crore with a margin of around 15%. India revenues were Rs 35,725 crore and EBITDA was Rs 8,291 crores, which translates to a margin of 23%. During the quarter, Crude steel production was up 12% YoY to 6.34 million tons. Improved production supported deliveries volumes of 6.04 million tons in Q3 FY26, up 14% YoY. UK revenues were euro 468 million and EBITDA loss stood at euro 63 million. Deliveries stood at 0.52 million tons and were impacted by subdued demand and steady imports. The company has spent Rs 3,291 crore on capital expenditure during the quarter. T V Narendran, chief executive officer & managing director, said, 'Our global operating environment continues to be shaped by tariffs, geopolitical shifts and policy divergence. Steel markets were impacted by elevated finished steel exports from China, which at 119 million tons surpassed the 2015 peak. Against this backdrop, Tata Steel delivered a strong performance in this quarter, with India crude steel production rising 12% while deliveries grew faster at 14% YoY, surpassing the 6 million tons mark in a quarter for the first time. Automotive volumes grew 20% YoY, while our retail vertical gained further momentum. Tata Tiscon continued its growth, and our e-commerce platforms, Aashiyana and DigECA, achieved Gross Merchandise Value of Rs 2,380 crore for the quarter, up 68% YoY. Within the downstream portfolio, our tubes and wires businesses delivered their best-ever quarterly performance, supported by capacity additions, a richer product mix and dominant share in high-value infrastructure projects. Looking ahead, the proposed 4.8 MTPA expansion at NINL and the 0.75 MTPA EAF at Ludhiana will significantly enhance our long products portfolio. At the same time, our strategic partnership in Maharashtra will fortify raw material needs beyond 2030 and help cater to the growing demand in western and southern India. In our overseas operations, deliveries stood at 0.52 million tons in the UK and 1.40 million tons in the Netherlands. Supportive policy frameworks are vital to transition to a more sustainable operating model. While the recent progress in Europe has supported sentiment, the UK market continues to be depressed, and the quota framework needs to be revised to reflect underlying market conditions.' Koushik Chatterjee, executive director and chief financial officer, said, 'For the nine months ended 31st December 2025, EBITDA margin improved by around 300 bps YoY, reflecting strong operational execution and sustained cost discipline. Our cost transformation program, focused on multiple levers including operating KPIs, supply chain efficiencies and procurement, has delivered savings of around Rs 3,000 crore for the quarter and around Rs 8,600 crore for the first nine months of the financial year. During the quarter, consolidated EBITDA was Rs 8,309 crore, translating to a margin of around 15%. In India, domestic steel prices were at multiyear lows weighing on the steel spot spreads. Despite this, our India operations delivered an EBITDA margin of ~23% aided by value led growth and cost optimisation. Both in UK and Netherlands, volumes moderated on QoQ basis. UK performance was adversely impacted by subdued demand dynamics while the Netherlands delivered an EBITDA of euro 55 million. Overall, operating cash flows before capex were Rs 10,345 crore for the quarter. Our consolidated Net debt declined to Rs 81,834 crore. Our group liquidity remains strong at Rs 44,062 crore, which includes cash & cash equivalents of Rs 10,765 crore. In India, we remain focused on volume growth, investments in downstream and strengthening our raw material linkages. UK market conditions continue to be pressured by subdued demand, while policy interventions are taking longer than anticipated to materialise. We are closely monitoring the situation and the evolving tariff framework and CBAM in EU, which are pivotal for rebalancing EU market dynamics. We remain focused on prioritising, optimising and sequencing our capital allocation to balance investment needs with returns, while maintaining financial discipline and long term value creation for stakeholders.' Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world.Powered by Capital Market - Live

Profit before exceptional items and tax surged 122.92% YoY to Rs 4,008.65 crore during the quarter. However, the company reported a net exceptional loss Rs 139.88 crore in Q3 FY26. The exceptional losses were primarily driven by restructuring and other provisions amounting to Rs 737.19 crore, which represented the largest impact. This was accompanied by impairment of non-current assets of Rs 94.18 crore, provisions for demands and claims of Rs 102.24 crore, employee separation compensation costs of Rs 43.05 crore, and a statutory charge of Rs 81.79 crore arising from the implementation of new labour codes. These exceptional expenses were partially offset by a fair value gain of Rs 918.57 crore on non-current investments. EBITDA jumped 39% YoY to Rs 8,309 crore with a margin of around 15%. India revenues were Rs 35,725 crore and EBITDA was Rs 8,291 crores, which translates to a margin of 23%. During the quarter, Crude steel production was up 12% YoY to 6.34 million tons. Improved production supported deliveries volumes of 6.04 million tons in Q3 FY26, up 14% YoY. UK revenues were euro 468 million and EBITDA loss stood at euro 63 million. Deliveries stood at 0.52 million tons and were impacted by subdued demand and steady imports. The company has spent Rs 3,291 crore on capital expenditure during the quarter. T V Narendran, chief executive officer & managing director, said, 'Our global operating environment continues to be shaped by tariffs, geopolitical shifts and policy divergence. Steel markets were impacted by elevated finished steel exports from China, which at 119 million tons surpassed the 2015 peak. Against this backdrop, Tata Steel delivered a strong performance in this quarter, with India crude steel production rising 12% while deliveries grew faster at 14% YoY, surpassing the 6 million tons mark in a quarter for the first time. Automotive volumes grew 20% YoY, while our retail vertical gained further momentum. Tata Tiscon continued its growth, and our e-commerce platforms, Aashiyana and DigECA, achieved Gross Merchandise Value of Rs 2,380 crores for the quarter, up 68% YoY. Within the downstream portfolio, our tubes and wires businesses delivered their best-ever quarterly performance, supported by capacity additions, a richer product mix and dominant share in high-value infrastructure projects. Looking ahead, the proposed 4.8 MTPA expansion at NINL and the 0.75 MTPA EAF at Ludhiana will significantly enhance our long products portfolio. At the same time, our strategic partnership in Maharashtra will fortify raw material needs beyond 2030 and help cater to the growing demand in western and southern India. In our overseas operations, deliveries stood at 0.52 million tons in the UK and 1.40 million tons in the Netherlands. Supportive policy frameworks are vital to transition to a more sustainable operating model. While the recent progress in Europe has supported sentiment, the UK market continues to be depressed, and the quota framework needs to be revised to reflect underlying market conditions.' Koushik Chatterjee, executive director and chief financial officer, said, 'For the nine months ended 31st December 2025, EBITDA margin improved by around 300 bps YoY, reflecting strong operational execution and sustained cost discipline. Our cost transformation program, focused on multiple levers including operating KPIs, supply chain efficiencies and procurement, has delivered savings of around Rs 3,000 crore for the quarter and around Rs 8,600 crore for the first nine months of the financial year. During the quarter, consolidated EBITDA was Rs 8,309 crore, translating to a margin of around 15%. In India, domestic steel prices were at multiyear lows weighing on the steel spot spreads. Despite this, our India operations delivered an EBITDA margin of ~23% aided by value led growth and cost optimisation. Both in UK and Netherlands, volumes moderated on QoQ basis. UK performance was adversely impacted by subdued demand dynamics while the Netherlands delivered an EBITDA of euro 55 million. Overall, operating cash flows before capex were Rs 10,345 crore for the quarter. Our consolidated Net debt declined to Rs 81,834 crore. Our group liquidity remains strong at Rs 44,062 crore, which includes cash & cash equivalents of Rs 10,765 crore. In India, we remain focused on volume growth, investments in downstream and strengthening our raw material linkages. UK market conditions continue to be pressured by subdued demand, while policy interventions are taking longer than anticipated to materialise. We are closely monitoring the situation and the evolving tariff framework and CBAM in EU, which are pivotal for rebalancing EU market dynamics. We remain focused on prioritising, optimising and sequencing our capital allocation to balance investment needs with returns, while maintaining financial discipline and long term value creation for stakeholders.' Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The scrip fell 0.30% to end at Rs 197.05 on the BSE.Powered by Capital Market - Live

Net profit of Tata Steel rose 723.14% to Rs 2688.70 crore in the quarter ended December 2025 as against Rs 326.64 crore during the previous quarter ended December 2024. Sales rose 6.41% to Rs 56646.05 crore in the quarter ended December 2025 as against Rs 53231.28 crore during the previous quarter ended December 2024. ParticularsQuarter EndedDec. 2025Dec. 2024% Var. Sales56646.0553231.28 6 OPM %14.4811.09 - PBDT7057.464367.41 62 PBT4008.651798.22 123 NP2688.70326.64 723 Powered by Capital Market - Live

Tata Steel Ltd gained for a third straight session today. The stock is quoting at Rs 198.09, up 2.19% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is down around 0.16% on the day, quoting at 25302.45. The Sensex is at 82334.29, down 0.01%. Tata Steel Ltd has gained around 12.68% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has gained around 12.16% in last one month and is currently quoting at 12106.45, up 1.98% on the day. The volume in the stock stood at 338.69 lakh shares today, compared to the daily average of 305.92 lakh shares in last one month. The benchmark February futures contract for the stock is quoting at Rs 199.05, up 2.07% on the day. Tata Steel Ltd is up 51.08% in last one year as compared to a 8.83% jump in NIFTY and a 48.75% jump in the Nifty Metal index.The PE of the stock is 15.52 based on TTM earnings ending September 25.Powered by Capital Market - Live

Tata Steel will hold a meeting of the Board of Directors of the Company on 6 February 2026.Powered by Capital Market - Live

The increase in production was primarily aided by higher output at Jamshedpur and Kalinganagar facilities. For 9M FY26, production was up 6% YoY to 17.2 million tons. The company further said that improved production led to 'best-ever quarterly' deliveries and Tata Steel India crossed the '6 million ton' mark for the first time. The India deliveries increased by 14% YoY to 6.04 million tons in Q3 FY26, primarily aided by strong sales in the domestic market. For 9M FY26, deliveries rose by 6% YoY to 16.3 million tons. Tata Steel Netherlands liquid steel production in 3Q FY26 was 1.68 million tons (down 4.6% YoY) and deliveries were 1.40 million tons (down 8.5% YoY). The company said that seasonal factors and subdued market dynamics led to lower deliveries on QoQ basis. Tata Steel UK is serving its customers via downstream processing of purchased substrate. Deliveries for the quarter stood at 0.52 million tons. Enabling works for the EAF project have advanced and the site landscape is being reshaped for the next phase of construction. During the quarter, Tata Steel Thailand saleable steel production was 0.31 million tons (up 19.2% YoY) and deliveries were 0.29 million tons (up 3.6% YoY). The improvement in deliveries was primarily driven by strong domestic rebar sales. Tata Steel group is among the top global steel companies with an annual crude steel capacity of 35 million tonnes per annum. It is one of the world's most geographically diversified steel producers, with operations and commercial presence across the world. The company reported 4.19 times increase in consolidated net profit to Rs 3,183 crore in Q2 FY26 from Rs 759 crore recorded in Q2 FY25. Revenue rose by 9% year-over-year (YoY) to Rs 58,689 crore during the quarter, primarily driven by higher deliveries in India and Netherlands despite drop in realisations. The scrip fell 1.44% to currently trade at Rs 181.10 on the BSE. Powered by Capital Market - Live

(Figures in million tons)  Q3 FY26 (Provisional)  Q2 FY26 (Actual) Q3 FY25 (Actual)  Production Volumes       Tata Steel India 6.34 5.65 5.69 Tata Steel Netherlands 1.68 1.67 1.76 Tata Steel Thailand 0.31 0.36 0.26 Delivery Volumes        Tata Steel India 6.04 5.55 5.29 Tata Steel Netherlands 1.40 1.54 1.53 Tata Steel UK 0.52 0.57 0.57 Tata Steel Thailand 0.29 0.36 0.28 In 3QFY26, Tata Steel India achieved 'best-ever quarterly' crude steel production of 6.34 million tons. Production was up 12% QoQ and YoY, primarily aided by higher output at Jamshedpur and Kalinganagar facilities. For 9MFY26, production was up 6% YoY to ~17.2 million tons. Improved production led to 'best-ever quarterly' deliveries and Tata Steel India crossed the '6 million ton' mark for the first time. India deliveries were up 9% QoQ and 14% YoY, primarily aided by strong sales in the domestic market. For 9MFY26, deliveries were up 6% YoY to ~16.3 million tons. Key highlights of domestic deliveries for the quarter: 'Automotive & Special Products' vertical achieved 'best-ever' volumes of ~0.9 million tons. 3Q volumes rose 20% YoY aided by rapid OEMs' approvals for hi-tensile grade from downstream facilities at Kalinganagar and for specialty steel from combi-mill at Jamshedpur. On 9MFY26 basis, vertical volumes were up 5% YoY.  'Branded Products & Retail' vertical surpassed 2 million tons for the first time. 3Q volumes were up 12% YoY driven by performance of well-established brands such as Tata Tiscon, Tata Astrum and Tata Steelium. On 9MFY26 basis, vertical volumes were up 4% YoY.  'Industrial Products & Projects' vertical achieved volumes of ~1.9 million tons aided by performance of value accretive segments such as Engineering. Engineering recorded 'best-ever 9M' volumes, aided by critical international certifications for discerning sub-segments such as Oil & Gas and Shipbuilding. On 9MFY26 basis, vertical volumes were up 3% YoY. During the quarter, we continued to progress on value-added growth and downstream portfolio. Tubes and Tinplate downstream verticals achieved double-digit YoY growth while Wires achieved 'best-ever' quarterly volumes. Gross Merchandise Value from our e-commerce platforms, Tata Steel Aashiyana and DigECA, was Rs 2,380 crores for the quarter, up 68% on YoY basis. Tata Steel Netherlands liquid steel production in 3QFY26 was 1.68 million tons and deliveries were 1.40 million tons. Seasonal factors and subdued market dynamics led to lower deliveries on QoQ basis. Tata Steel UK is serving its customers via downstream processing of purchased substrate. Deliveries for the quarter stood at 0.52 million tons. Enabling works for the EAF project have advanced and the site landscape is being reshaped for the next phase of construction. During the quarter, Tata Steel Thailand saleable steel production was 0.31 million tons and deliveries were 0.29 million tons. Deliveries improved by 5% YoY primarily driven by strong domestic rebar sales.  Powered by Capital Market - Live

Tata Steel Ltd gained for a fifth straight session today. The stock is quoting at Rs 182.91, up 0.56% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.6% on the day, quoting at 26303.05. The Sensex is at 85667.85, up 0.56%. Tata Steel Ltd has gained around 9.58% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has gained around 10.78% in last one month and is currently quoting at 11256, up 1.03% on the day. The volume in the stock stood at 125.23 lakh shares today, compared to the daily average of 252.68 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 182.9, up 0.13% on the day. Tata Steel Ltd is up 32.2% in last one year as compared to a 9.57% jump in NIFTY and a 30.26% jump in the Nifty Metal index.The PE of the stock is 14.56 based on TTM earnings ending September 25.Powered by Capital Market - Live

Tata Steel Ltd is up for a third straight session in a row. The stock is quoting at Rs 180.3, up 2.56% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.76% on the day, quoting at 26136.25. The Sensex is at 85259.33, up 0.69%. Tata Steel Ltd has added around 6.92% in last one month. Meanwhile, Nifty Metal index of which Tata Steel Ltd is a constituent, has added around 8.01% in last one month and is currently quoting at 11007.65, up 1.59% on the day. The volume in the stock stood at 363.15 lakh shares today, compared to the daily average of 231.11 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 181.35, up 2.67% on the day. Tata Steel Ltd is up 31.86% in last one year as compared to a 10.08% gain in NIFTY and a 29.43% gain in the Nifty Metal index.The PE of the stock is 14.07 based on TTM earnings ending September 25.Powered by Capital Market - Live