Tata Steel's stellar Q4 performance signals strong recovery. The steelmaker more than doubled its consolidated net profit to Rs 2,965 crore in the March quarter, driven by robust India operations and improved European performance. Full-year fiscal 2026 results were even more impressive, with net profit tripling to Rs 10,886 crore and Ebitda surging 35 percent year-on-year to Rs 34,848 crore. The company's cost transformation programme delivered Rs 10,868 crore in benefits, expanding Ebitda margins by 320 basis points. Despite subdued steel prices globally, Tata Steel reduced net debt by Rs 2,285 crore and maintained a healthy net debt-to-Ebitda ratio of 2.3 times. The company announced a dividend of Rs 4 per share.
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