Mumbai:Tata Steel Limited today announced its audited standalone and unaudited consolidated financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved the results in a meeting held today.
Standalone Financial Highlights (Q3 FY26):
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Revenue from Operations: ₹35,578.36 crore
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Net Profit: ₹3,822.01 crore
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Earnings Per Share (EPS): ₹3.06
The company has demonstrated robust performance with a healthy EBITDA margin. For the nine-month period (April-December 2025), standalone net profit stood at ₹11,405.39 crore.
Consolidated Financial Highlights (Q3 FY26):
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Revenue from Operations: ₹57,002.40 crore
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Net Profit (attributable to owners): ₹2,688.70 crore
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Consolidated EPS: ₹2.16
Key Strategic Developments & Exceptional Items:
The quarter witnessed several significant strategic moves:
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Completion of TBSPL Acquisition: The company completed the acquisition of the remaining 50% stake in Tata BlueScope Steel Private Limited (renamed Tata Steel Colors Private Limited) on December 31, 2025, making it an indirect subsidiary. This resulted in a fair value gain of ₹901.13 crore, booked as an exceptional item in the consolidated results.
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Agreement to Acquire Stake in Pellet Company: The company signed definitive agreements to acquire a 50.01% stake in Thriveni Pellets Private Limited (TPPL), a move aimed at securing raw material inputs. The transaction received CCI approval and was completed on January 30, 2026.
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European Transition Updates: The company provided updates on its decarbonisation journey in Europe. For Tata Steel UK, funding certainty is now in place with UK Government support. For Tata Steel Netherlands, a Joint Letter of Intent has been signed with the Dutch government for a transition to low-CO2 steel production. Consequently, the financial results of these entities have been prepared on a going concern basis.
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Impact of New Labour Codes: The notification of the four new Labour Codes by the Government of India has led to an exceptional charge of ₹61.11 crore (standalone) and ₹81.79 crore (consolidated) in the results, based on the company's current assessment.
Segment Performance:
The company has restated its segment reporting to present Tata Steel UK Operations and Tata Steel Netherlands Operations separately, reflecting their distinct strategic paths.
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Tata Steel India continues to be the core profit driver, with a segment result (before exceptional items, interest, tax, and depreciation) of ₹7,940.35 crore for the quarter.
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Tata Steel Netherlands Operations reported a positive segment result of ₹570.38 crore.
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Tata Steel UK Operations reported a segment loss of ₹(741.59) crore, reflecting the ongoing challenges and transition efforts.
Auditor's Assurance:
The standalone financial results were audited by Price Waterhouse & Co. Chartered Accountants LLP, who issued an unmodified opinion. The consolidated financial results were subject to a limited review by the same auditor, with an unmodified conclusion.
Management Commentary:
The results underscore Tata Steel's resilient operational performance in its India business and steady progress on its strategic priorities, including raw material integration and the complex decarbonisation roadmap in Europe.
The company's stock trades on the BSE (Scrip Code: 500470) and the NSE (Symbol: TATASTEEL).