Tata Steel net profit attributable to promoters for Q4FY26 grew 124.9% to Rs 2,926 crore compared to Rs 1,301 crore in the same period a year before, led by lower inventory cost. India’s oldest steelmaker missed Bloomberg estimates of Rs 3,173 crore on profit. The company’s revenue came in ahead of Bloomberg estimates of Rs 62,346 crore at Rs 63,270 crore and was up 12.5% year on year. “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,” T V Narendran, chief executive officer and managing director at Tata Steel said in a statement.