Gadchiroli pitched as Maharashtra’s future green steel hub India set to drive next global steel demand wave Italy crude steel output rises 3.1% in May Green steel progress remains slow worldwide
Tata Steel shares fell over 5% in intraday trade after its Q4FY26 results, even as the company reported strong earnings growth and better operating performance. Analysts remained positive on the stock, supported by robust India demand, higher steel realisations, improved margins, and signs of recovery in the European business.
The company posted consolidated revenue of ₹63,270 crore, up 12.5% year-on-year, while EBITDA jumped 47% to ₹9,953 crore. Profit after tax rose 124% to ₹2,925.7 crore. Tata Steel’s India business stayed strong, backed by higher deliveries and better pricing, while Europe operations showed improvement with positive EBITDA.
Brokerages continue to maintain a bullish outlook, citing cost optimisation, Kalinganagar ramp-up, stronger flat steel prices, and possible recovery in UK and Netherlands operations. For the steel market, Tata Steel’s performance signals healthy domestic demand and improving steel sector sentiment despite near-term price volatility.
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