Why Tata Steel Share Price is Rising

# Q3 FY26 Results

Shares of Tata Steel surged up to 3% today, and Q3 FY26 results explain why.

Consolidated revenue reached Rs 570.0 billion (bn). EBITDA was Rs 83.1 bn, leading to an EBITDA margin of about 15%. EBITDA saw a 39% growth compared to last year.

India continued to be the main growth driver for the company. Revenues from India were Rs 357.3 bn, with EBITDA at Rs 82.9 bn, resulting in a strong EBITDA margin of 23%.

Crude steel production rose 12% year-on-year to 6.34 million (m) tonnes. Deliveries increased 14% year-on-year to 6.04 million tonnes.

In the Netherlands, the company reported revenues of Rs 145.0 bn (€1,354 m) and an EBITDA of Rs 5.9 bn (€ 55 m). Liquid steel production hit 1.68 m tonnes, and deliveries reached 1.40 m tonnes.

The UK business generated revenues of Rs 57.7 bn (£ 468 million) but faced an EBITDA loss of Rs 7.8 bn (£ 63 million). Deliveries of 0.52 million tonnes were affected by low demand and steady imports.

The company's consolidated net profit jumped to Rs 27.3 bn in the Q3FY26.

What Next?

Moving forward, Tata Steel is focused on sustainable growth, with a clear plan to achieve net-zero carbon emissions by 2045. The company is taking several steps across India.

These include commissioning scrap-based electric arc furnace plants, increasing the use of renewable energy, reducing coal use with alternatives like biochar and natural gas, and scaling up new technologies like HIsarna and EASyMelt.

It is also expanding its carbon capture and use initiatives. On the capacity and production side, Tata Steel is increasing both flat and long steel production. Key projects include a 2.5 MTPA flat steel expansion at TSM, a 0.75 MTPA EAF plant in Ludhiana, and a 6 MTPA greenfield plant in Maharashtra.

Strategic partnerships, such as the one with Lloyds Metals & Energy, are helping it grow on the West Coast. Tata Steel is strengthening its customer-focused approach, especially with MSME clients.

Its branded steel, Tata Steelium, is growing steadily, and the company is increasing its presence in value-added segments like cold-rolled, engineering, appliances, and solar.

With a solid base, the company is prepared for future growth, responsible environmental practices, and expansion into global markets.

How Tata Steel Shares Have Performed Recently

In the past five trading sessions, Tata Steel shares jumped by 6%, extending its one-month rally to 14%.

Over the past year, the shares have been up 55%.

The stock touched its 52-week high of Rs 211.15 on 10 February 2026 and its 52-week low of Rs 124.20 on 7 April 2025.

About Tata Steel

Tata Steel is one of the world's largest and most geographically diversified steel producers. It has major production facilities in Jamshedpur (Jharkhand) and Kalinganagar (Odisha).

The company operates fully integrated steelmaking facilities, from captive iron-ore mining to finished steel products, which helps maintain cost competitiveness and production efficiency.

Tata Steel also has significant operations in Europe, including the Netherlands and the UK, with a combined crude steel capacity of around 12 mtpa. Its European operations supply high-quality steel to sectors such as automotive, construction, packaging, and engineering.

The company's product portfolio spans automotive and special steels, industrial products, branded retail products, and services.

To know more, you can check out Tata Steel fact sheet and latest quarterly results.

For a sector overview, read our steel sector report.

You can also compare Tata Steel with its peers on our website.

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Happy Investing.

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