Tata Steel has announced the publication of newspaper advertisements for its Q3FY26 financial results following the board's approval of financial results for the quarter ended December 31, 2025. The company has made this disclosure in compliance with regulatory requirements under SEBI listing obligations.

Board Meeting and Financial Results Approval

The Board of Directors of Tata Steel Limited convened on February 6, 2026, to review and approve the company's financial results. The meeting covered the financial performance for both the quarter and nine months ended December 31, 2025.

Newspaper Advertisement Publication

Tata Steel published newspaper advertisements for its Q3FY26 financial results on February 8, 2026, in compliance with Regulation 47 of SEBI Listing Regulations. The advertisements were published in five newspapers to ensure wide dissemination of financial information.

Key Financial Highlights

The published advertisements included extract of both standalone and consolidated financial results for the quarter and nine months ended December 31, 2025.

Standalone Financial Performance

Consolidated Financial Performance

Earnings Discussion and Recording Access

Following the board approval, Tata Steel hosted its Q3FY26 earnings discussion on February 6, 2026. The company has made the complete audio-video recording of this earnings discussion available to investors and stakeholders through its official website at: https://www.tatasteel.com/investors/financial-performance/analyst-call-recording

Regulatory Compliance

The newspaper advertisement publication has been made pursuant to Regulation 47 read with other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended. The disclosure ensures transparency and provides stakeholders with easy access to complete financial results through QR codes and weblinks included in the advertisements.

Communication Details

The formal communication regarding the newspaper advertisement was issued by Parvatheesam Kanchinadham, Company Secretary and Chief Legal Officer, on February 8, 2026. The notification was sent to both major stock exchanges where Tata Steel shares are listed - BSE Limited and National Stock Exchange of India Limited. The complete financial results are available on the company's website and stock exchange websites for detailed review by investors and stakeholders.

Tata Steel Limited has delivered robust financial performance for Q3FY26, reporting consolidated EBITDA of ₹8,309.00 crores with a margin of around 15.00%, representing a significant 39.00% year-on-year improvement. The company announced these results on February 6, 2026, following its Board meeting and regulatory filing under Regulation 33 of SEBI Listing Regulations.

Strong Financial Performance Across Operations

The company's consolidated revenues for Q3FY26 reached ₹57,002.40 crores, while nine-month revenues stood at ₹1,68,869.81 crores with EBITDA of ₹24,894.38 crores, marking a 31.00% year-on-year improvement despite challenging operating conditions.

India Operations Lead Growth with Record Performance

Tata Steel's India operations demonstrated exceptional performance with revenues of ₹35,578.36 crores and EBITDA of ₹8,291.00 crores, translating to a healthy margin of 23.00%. The India business achieved record quarterly deliveries of 6.04 million tons, up 14.00% year-on-year, supported by crude steel production growth of 12.00% to 6.34 million tons.

International Operations Show Mixed Results

The Netherlands operations generated revenues of €1,354.00 million with EBITDA of €55.00 million, while liquid steel production reached 1.68 million tons and deliveries stood at 1.40 million tons. UK operations faced continued challenges with revenues of £468.00 million and EBITDA loss of £63.00 million, with deliveries at 0.52 million tons impacted by subdued demand and steady imports.

Strategic Acquisitions and Expansion

Tata Steel completed the acquisition of the remaining 50.00% stake in Tata BlueScope Steel Private Limited (now renamed Tata Steel Colors Private Limited) for ₹1,099.97 crores on December 31, 2025. The company also signed agreements to acquire 50.01% stake in Thriveni Pellets Private Limited for ₹635.13 crores, which was completed on January 30, 2026.

Cost Transformation and Digital Initiatives

Tata Steel's cost transformation program delivered savings of around ₹3,000.00 crores for the quarter and ₹8,600.00 crores for nine months. The company's digital platforms, Aashiyana and DigECA, achieved Gross Merchandise Value of ₹2,380.00 crores for the quarter, up 68.00% year-on-year, while automotive volumes grew 20.00% year-on-year.

Earnings Discussion and Regulatory Compliance

Following the board meeting on February 6, 2026, Tata Steel hosted its Q3FY26 earnings discussion. The company has made the audio-video recording of the earnings discussion available on its website at https://www.tatasteel.com/investors/financial-performance/analyst-call-recording , in compliance with Regulation 30 of SEBI Listing Regulations.

Financial Position and Outlook

Net debt declined by ₹5,206.00 crores quarter-on-quarter to ₹81,834.00 crores, while group liquidity remained strong at ₹44,062.00 crores, including cash and cash equivalents of ₹10,765.00 crores. Operating cash flows before capex were ₹10,345.00 crores for the quarter, reflecting strong operational execution and sustained cost discipline. The company invested ₹3,291.00 crores in capital expenditure during the quarter and ₹10,370.00 crores in 9MFY26.