Tata Steel Limited

rs,

32/2026-27 May 15, 2026 The Secretary, Listing Department BSE Limited Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai - 400 001. Maharashtra, India. Scrip Code: 500470 Dear Sir, Madam, The M

Rs. 34,848 crore

Please find enclosed herewith the press release titled “Tata Steel reports Consolidated EBITDA of Rs. 34,848 crores and Profit after Tax of Rs. 10,886 crores for the twelve months ended March 31, 2026” and investo

Rs. 10,886 crore

elease titled “Tata Steel reports Consolidated EBITDA of Rs. 34,848 crores and Profit after Tax of Rs. 10,886 crores for the twelve months ended March 31, 2026” and investor presentation to be made to Analysts/Inve

Rs 34,848 crore

Mumbai, May 15, 2026 Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026 Highlights

Rs 10,886 crore

May 15, 2026 Tata Steel reports Consolidated EBITDA of Rs 34,848 crores and Profit after Tax of Rs 10,886 crores for the twelve months ended March 31, 2026 Highlights: ▪ Consolidated Revenues for the financi

Rs 2,32,140 crore

lve months ended March 31, 2026 Highlights: ▪ Consolidated Revenues for the financial year were Rs 2,32,140 crores and EBITDA was Rs 34,848 crores. EBITDA improved by 35% YoY despite the challenging operating en

35%

or the financial year were Rs 2,32,140 crores and EBITDA was Rs 34,848 crores. EBITDA improved by 35% YoY despite the challenging operating environment. o India1 revenues were Rs 1,40,302 crores and

Rs 1,40,302 crore

EBITDA improved by 35% YoY despite the challenging operating environment. o India1 revenues were Rs 1,40,302 crores and EBITDA was Rs 34,272 crores, which translates to an EBITDA margin of 24%. EBITDA improved by

Rs 34,272 crore

e the challenging operating environment. o India1 revenues were Rs 1,40,302 crores and EBITDA was Rs 34,272 crores, which translates to an EBITDA margin of 24%. EBITDA improved by 17% YoY. Performance was aided b

24%

s were Rs 1,40,302 crores and EBITDA was Rs 34,272 crores, which translates to an EBITDA margin of 24%. EBITDA improved by 17% YoY. Performance was aided by ‘best ever’ crude steel production of ~23.4

17%

s and EBITDA was Rs 34,272 crores, which translates to an EBITDA margin of 24%. EBITDA improved by 17% YoY. Performance was aided by ‘best ever’ crude steel production of ~23.4 million tons and deliver

23.4 million

f 24%. EBITDA improved by 17% YoY. Performance was aided by ‘best ever’ crude steel production of ~23.4 million tons and deliveries of ~22.5 million tons. o Netherlands revenues were €6,028 million and EBITDA

“2019 levels and silencers for primary extraction system Emissions – Upon commissioning the EAF, emission intensity to be ~0.4 tCO2e per ton of crude steel Funding – Project cost is £1.25 billion with £500 million funding from the UK Government Dust & Heavy Metals – Dust removal systems, PM10 down 41% vs.”

“average FY2025 baseline; Target for FY2027 vs.”

“goods Consumer Durables and Packaging Trade and Commercial 2.9 3.0 3.3 1.3 1.3 1.1 2.2 2.0 1.9 FY24 FY25 FY26 FY24 FY25 FY26 FY24 FY25 FY26 4QFY26 and FY2026 Results Presentation Note : Auto and ancillaries incl.”

“FY22 FY23 FY24 b FY25 b FY26 FY22 FY23 FY24 b FY25 b FY26 FY22 FY23 FY24 b FY25 b FY26 Specific Fresh Water Consumption (m3/tcs)c Specific Dust Emission (kg/tcs) c Solid Waste Utilisation (%) c .”

“9 9 9 9 9 9 9 9 8 9 8 9 0 0 1 9 9 0 0 1 7 9 Good 8 9 9 9 8 9 FY22 FY23 FY24 b FY25 b FY26 FY22 FY23 FY24 b FY25 b FY26 FY22 FY23 FY24 b FY25 b FY26 4QFY26 and FY2026 Results Presentation Note : a) Standalone incl.”

“steelmaking sites (i.e., Jamshedpur, Kalinganagar, Meramandali & Gamharia) and CO2 emission intensity as per worldsteel methodology, b) In FY25, given transition in business model at TSUK - coke rate, specific dust emission & solid waste are not meaningful and hence excluded.”

“CY20 – CY23 and FY26 is an estimate 35 Tata Steel Standalone (All figures are in Rs.”

“Raw material cost includes raw material consumed, and purchases of finished and semi-finished products, Figures prior to inter value chain eliminations, Prior period numbers have been restated to align with segmental reporting parameters going forward 37 Tata Steel UK (All figures are in Rs.”

Key drivers for QoQ change

5

Highlights

1

Financial Highlights

1

Management Comments

1

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1

Highlights

▪ Consolidated Revenues for the financial year were Rs 2,32,140 crores and EBITDA was Rs 34,848 crores. EBITDA improved by 35% YoY despite the challenging operating environment. o India1 revenues were Rs 1,40,302 crores and EBITDA was Rs 34,272 crores, which translates to an EBITDA margin of 24%. EBITDA improved by 17% YoY. Performance was aided by ‘best ever’ crude steel production of ~23.4 million tons and deliveries of ~22.5 million tons. o Netherlands revenues were €6,028 million and EBITDA was €267 million. EBITDA had almost tripled on YoY basis. o UK revenues were £1,978 million and EBITDA loss almost halved to £217 million. ▪ Consolidated Revenues for the Jan – Mar 2026 quarter were Rs 63,270 crores and EBITDA was Rs 9,953 crores with a margin of around 16%. EBITDA improved by 47% YoY. o India1 revenues were Rs 38,654 crores and EBITDA was Rs 9,841 crores, which translates to a margin of 25%. Crude steel production was up 14% YoY to 6.22 million tons and led to ‘best ever quarte

Financial Highlights

Key profit & Loss account items (All figures in Rs. Crores unless specified) Production (mn tons)2 30.92 30.96 Deliveries (mn tons) 2,18,543 Turnover 25,802 Reported EBITDA 8,335 Reported EBITDA (Rs. per ton) Adjusted EBITDA3 26,130 8,441 Adjusted EBITDA (Rs. per ton) 9,267 PBT before exceptional items 855 Exceptional Items (gain)/loss Reported Profit after Tax 3,174 1.India includes Tata Steel Standalone and Neelachal Ispat Nigam Limited on proforma basis adjusted for intercompany purchase and sale; 2. Production numbers for consolidated financials are calculated using crude steel for India, liquid steel for UK & Netherlands and saleable steel for South East Asia; 3. Adjusted for changes on account of FX movement on intercompany debt / receivables’. 8.38 8.21 34,661 1,40,302 1,33,444 63,270 57,002 29,285 8,309 9,953 13,983 11,410 10,116 29,172 8,270 9,946 13,929 11,401 10,069 4,009 5,150 19,608 140 340 903 2,730 2,965 13,803 31.67 31.97 56,218 2,32,140 34,848 10,900 34,640 10,835 17,0

Management Comments

Mr. T V Narendran, Chief Executive Officer & Managing Director: “FY2026 was characterised by elevated geoeconomic uncertainty, with supply-chain and tariff-led trade disruptions impacting global steel markets. Against this backdrop, our sustained focus on operational discipline and cost transformation continued to deliver performance across our global businesses. Tata Steel India reported ‘best ever’ deliveries of ~22.5 million tons. This 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. Kalinganagar’s continuous annealing and galvanising lines secured customer approvals at a record pace, consolidating our position as a preferred supplier to the automotive industry. Our branded business continues to scale, with Tata Tiscon now reaching ~97% of districts across India. Our e-commerce platforms, Aashiyana and DigECA, recorded annua

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Tata Steel | @TataSteeLtd | Tata Steel | Tata Steel | tatasteelltd 1 Auditorium in Kolkata, used 1,200 tons of steel products from Tata Steel Tata Steel Results Presentation Fourth quarter and Financial year ended 31st March 2026 May 15, 2026 Safe harbour statement Statements in this presentation describing the Company’s performance may be “forward looking statements” within the meaning of applicable securities laws and regulations. Actual results may differ materially from those directly or indirectly expressed, inferred or implied. Important factors that could make a difference to the Company’s operations include, among others, economic conditions affecting demand / supply and price conditions in the domestic and overseas markets in which the Company operates, changes in or due to the environment, Government regulations, laws, statutes, judicial pronouncements and/or other incidental factors 2 Global Steel landscape has become increasingly complex and divergent Commodity price cycle

Key drivers for QoQ change

8.23 8.72 63,270 24,218 1,953 6,698 20,572 9,953 9,946 11,401 248 1,792 5,150 340 1,845 2,965 8.38 8.21 57,002 22,987 (545) 6,353 20,008 8,309 8,270 10,069 501 1,747 4,009 140 1,138 2,730 7.45 8.33 56,218 21,986 2,719 6,023 18,932 6,762 6,503 7,810 461 1,789 2,588 389 999 1,201 ▪ Revenues: increased by 11% primarily driven by higher steel realisations in India and improved volumes in India and Netherlands ▪ Raw material costs: moved higher primarily driven by increase in coking coal consumption cost in India and purchase of substrate in UK ▪ Change in inventories: has been driven by inventory drawdown at Netherlands vs. a build-up in 3Q ▪ Other expenses: moved higher primarily on account of higher power & fuel, repairs & maintenance partly offset by decline in royalty related expenses ▪ Exceptional loss: incl. employee separation scheme in India & restructuring provision at Netherlands partly offset by proceeds from sale of ferroalloy asset at Jajpur 1. Production Numbers: Standalone &

Key drivers for QoQ change

31.67 31.97 2,32,140 92,628 990 25,999 78,171 34,848 34,640 10,835 1,402 7,167 17,001 1,032 5,083 10,886 30.92 30.96 2,18,543 95,097 (97) 24,889 73,354 25,802 26,130 8,441 1,541 7,341 9,268 855 5,239 3,174 ▪ Revenues: increased by 6% primarily driven by higher volumes in India despite the drop in steel realisations across operating geographies ▪ Raw material costs: moved lower primarily driven by decline in coking coal consumption cost and shutdown of heavy end operations at UK ▪ Change in inventories: has been driven by inventory movement at UK ▪ Other expenses: moved higher primarily on account of higher production in India leading to rise in power & fuel, freight & handling and rates & taxes ▪ Exceptional loss: incl. employee separation scheme in India & restructuring provision at Netherlands partly offset by proceeds from sale of ferroalloy asset at Jajpur 1. Production Numbers: Standalone & Neelachal Ispat Nigam Limited - Crude Steel Production, Europe - Liquid Steel Production; S