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<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\nTata Steel on Friday reported a more than two-fold jump in consolidated net profit to Rs 2,965 crore for the January-March quarter of FY26, supported by higher revenues from its India operations and improved volumes, PTI reported. The company had posted a consolidated net profit of Rs 1,201 crore in the corresponding quarter of the previous financial year. Total income during the fourth quarter rose to Rs 63,518.60 crore from Rs 56,679.11 crore in the year-ago period, according to an exchange filing. For the full 2025-26 financial year, Tata Steel posted a net profit of Rs 10,885.82 crore, more than three times higher than Rs 3,173.78 crore recorded in FY25. Total income increased to Rs 2,33,541.72 crore from Rs 2,20,083.04 crore. The company\u2019s India operations remained the key growth driver during the quarter. Tata Steel India\u2019s revenues rose to Rs 38,447.96 crore from Rs 34,398.84 crore a year ago, while Neelachal Ispat and other Indian operations generated over Rs 6,604 crore in revenue compared with Rs 4,277 crore in the same quarter last year. Tata Steel Nederland also reported improved revenues of Rs 17,016 crore against Rs 14,769.43 crore in Q4 FY25. However, the company\u2019s UK business, which remains under transition, posted lower revenues of Rs 5,774.44 crore compared with Rs 6,000 crore a year earlier. In a separate statement, Tata Steel said its net debt declined by Rs 2,285 crore year-on-year to Rs 80,144 crore as of March 31, 2026. The company spent Rs 3,655 crore on capital expenditure during the March quarter, taking total capex for FY26 to Rs 14,026 crore. The board has recommended a dividend of Rs 4 per equity share of face value Re 1 each. During FY26, Tata Steel\u2019s steel production increased to 31.67 million tonnes from 30.92 million tonnes in FY25, while deliveries rose to 31.97 million tonnes from 30.96 million tonnes. The company also announced definitive agreements to acquire an additional 23 per cent stake in TM International Logistics Ltd for Rs 335 crore, subject to regulatory approvals. Tata Steel currently holds a 51 per cent stake in the logistics firm. Commenting on the performance, Tata Steel CEO and MD T V Narendran said, \u201cTata Steel India reported best ever deliveries of 22.5 million tons during FY26.\u201d \u201cThis volume growth was supplemented by an expanding downstream portfolio across Tubes, Tinplate, Colors & Wires, in line with our strategy of strengthening our leadership position across chosen high value segments,\u201d he added. Narendran also flagged emerging geopolitical pressures on operations. \u201cIn the last quarter, developments in West Asia began to exert pressure on supply chains and input costs, and these pressures are continuing into FY2027. We are pursuing calibrated actions to mitigate risks in this regard,\u201d he said. Executive Director and CFO Koushik Chatterjee said the company delivered improved performance for the second consecutive year despite weak steel prices in key markets. \u201cHigher volumes and an improved product mix in India, combined with tangible benefits of around Rs 10,868 crore from the cost transformation program, led to an improvement in EBITDA margin of 320 bps on a YoY basis,\u201d Chatterjee said.<\/div>\n