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Tata Steel shares fell 1.67% to ₹159.25 after reporting a slight dip in crude steel production for Q1 FY26. The company produced 5.26 million tonnes of crude steel during the quarter, down marginally from 5.27 MT in the same period last year. Deliveries also dropped to 4.75 MT from 4.94 MT year-on-year.
The decline was primarily due to planned maintenance activities, including the relining of a blast furnace at Jamshedpur and a temporary shutdown at Neelachal Ispat Nigam Limited (NINL). Operations at NINL have since resumed, and the furnace relining is expected to complete by July 2025.
Despite the production dip, Tata Steel reported stable performance across key segments. Deliveries in the Automotive & Special Products division reached 0.77 MT, supported by improved output from new annealing lines. Branded Products & Retail posted 1.46 MT in deliveries, driven by strong consumer demand. Industrial Products & Projects delivered 1.6 MT, with engineering segment growth and a 66% rise in SmartF@B solutions.
Overseas operations remained stable, with Tata Steel Netherlands producing 1.7 MT and the UK arm holding steady at 0.6 MT.
While Q1 results reflect short-term disruption, Tata Steel’s diversified operations and segment growth indicate a strong recovery outlook for the remainder of the fiscal year.
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