Tata Steel Income Statement

Financials in millions INR. Fiscal year is April - March.

Millions INR. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jun '26 Jun 30, 2026	Mar '26 Mar 31, 2026	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022
Revenue	2,397,561	2,321,399	2,185,425	2,291,708	2,433,527	2,439,592
Revenue Growth	10.51%	6.22%	-4.64%	-5.83%	-0.25%	55.91%
Cost of Revenue	1,046,406	1,022,648	1,043,722	1,127,812	1,232,217	902,775
Gross Profit	1,351,155	1,298,751	1,141,703	1,163,896	1,201,310	1,536,817
Selling, General & Admin	266,262	259,990	248,890	245,096	253,428	259,364
Other Operating Expenses	727,242	699,479	644,024	696,118	641,383	629,226
Operating Expenses	1,122,003	1,079,014	997,127	1,040,036	988,163	979,598
Operating Income	229,152	219,738	144,576	123,860	213,148	557,219
Interest Expense	-70,851	-71,671	-73,410	-75,076	-62,987	-54,622
Interest & Investment Income	8,338	8,338	8,660	5,223	3,853	2,791
Earnings From Equity Investments	3,849	3,685	1,908	-579.8	4,181	6,492
Currency Exchange Gain (Loss)	4,242	4,242	4,195	420.3	16,578	-13,316
Other Non Operating Income (Expenses)	2,714	3,274	2,060	834.5	4,004	2,088
EBT Excluding Unusual Items	177,444	167,605	87,989	54,682	178,777	500,652
Merger & Restructuring Charges	-20,338	-18,585	-6,340	-43,926	-936.4	-5,871
Gain (Loss) on Sale of Investments	11,054	11,062	2,594	2,803	4,769	1,517
Gain (Loss) on Sale of Assets	3,695	3,695	2,808	10,173	-435.7	8,510
Asset Writedown	-3,610	-3,238	-1,192	-35,203	177.5	-2,540
Other Unusual Items	-853.7	-853.7	-1,731	-	-	-
Pretax Income	167,391	159,687	84,129	-11,470	182,351	502,269
Income Tax Expense	54,754	50,829	52,391	37,626	101,598	84,776
Earnings From Continuing Operations	112,637	108,858	31,738	-49,096	80,754	417,493
Net Income to Company	112,637	108,858	31,738	-49,096	80,754	417,493
Minority Interest in Earnings	-2,292	-919.5	2,467	4,722	6,851	-15,954
Net Income	110,345	107,939	34,205	-44,374	87,604	401,539
Preferred Dividends & Other Adjustments	-	-	-	-	-	10.9
Net Income to Common	110,345	107,939	34,205	-44,374	87,604	401,528
Net Income Growth	143.13%	215.56%	-	-	-78.18%	449.37%
Shares Outstanding (Basic)	12,478	12,472	12,472	12,268	12,210	12,081
Shares Outstanding (Diluted)	12,481	12,475	12,475	12,271	12,214	12,091
Shares Change	0.09%	0.00%	1.66%	0.47%	1.02%	5.50%
EPS (Basic)	8.84	8.65	2.74	-3.62	7.17	33.24
EPS (Diluted)	8.84	8.65	2.74	-3.62	7.17	33.21
EPS Growth	142.97%	215.69%	-	-	-78.41%	420.70%
Free Cash Flow	-	205,054	74,671	20,941	75,406	338,588
Free Cash Flow Per Share	-	16.44	5.99	1.71	6.17	28.00
Dividend Per Share	-	4.000	3.600	3.600	3.600	5.100
Dividend Growth	-	11.11%	0%	0%	-29.41%	104.00%
Gross Margin	56.35%	55.95%	52.24%	50.79%	49.36%	63.00%
Operating Margin	9.56%	9.47%	6.62%	5.41%	8.76%	22.84%
Profit Margin	4.60%	4.65%	1.57%	-1.94%	3.60%	16.46%
Free Cash Flow Margin	-	8.83%	3.42%	0.91%	3.10%	13.88%
EBITDA	339,930	327,374	239,647	212,880	296,495	637,202
EBITDA Margin	14.18%	14.10%	10.97%	9.29%	12.18%	26.12%
D&A For EBITDA	110,778	107,636	95,071	89,020	83,347	79,982
EBIT	229,152	219,738	144,576	123,860	213,148	557,219
EBIT Margin	9.56%	9.47%	6.62%	5.41%	8.76%	22.84%
Effective Tax Rate	32.71%	31.83%	62.28%	-	55.72%	16.88%
Revenue as Reported	2,411,019	2,335,417	2,200,830	2,309,796	2,443,902	2,447,441