Tata Steel expects improved margins from higher prices and savings

Tata Steel anticipates better margins in the current fiscal year on the back of rising steel prices, domestic volume growth and continued cost savings. The company also projects a significant increase in Indian realisations, supported in part by renewed automotive contracts. Rising raw material costs and European operational challenges could however limit the gains.

Tata Steel is counting on higher steel prices and ongoing cost reductions to strengthen margins this fiscal year. Domestic volume growth is expected to provide additional support to overall performance amid these efforts.

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Executives at Rheinmetall celebrate record €64 billion order backlog and raised sales forecast in a modern boardroom.
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Rheinmetall reports record order backlog and raises forecast

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German defense firm Rheinmetall reported a record operating result for 2025 and significantly increased its dividend. The order backlog reached nearly 64 billion euros, fueled by the defense boom. For 2026, the company forecasts a sales increase of 40 to 45 percent.

Tata Steel posted a consolidated net profit of Rs 2,965 crore for the March-ended quarter. This figure represents a 147 percent increase from Rs 1,201 crore a year earlier. Revenue rose 13 percent over the same period.

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Steel Authority of India posted a sharp increase in net profit for the fourth quarter of fiscal 2026. Consolidated profit after tax climbed 47% year on year to 1,835 crore rupees. Revenue grew 5% over the same period.

State Bank of India plans to maintain net interest margins above 3 percent in the coming fiscal year through deposit repricing and faster growth in retail and MSME loans.

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RBI officials stated that the near-term economic outlook remains favorable and well-positioned to sustain high growth momentum, driven by consumption, investment, and productivity-enhancing reforms. Inflation is expected to remain benign and near the target. However, global conditions introduce some volatility.

Shapoorji Pallonji Group aims to raise about ₹25,000 crore through a bond issue scheduled for early April. The pricing for this fundraising is anticipated to be lower than in previous efforts. Factors such as better asset sale prospects and a possible settlement over its Tata Sons stake are enhancing investor interest.

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Building on earlier concerns over GDP growth projections, the escalating West Asia war is pressuring Indian equity markets and disrupting footwear and textile sectors through supply shortages and cost spikes. Prashant Jain of 3P Investment Managers views the impact as marginal and transient, while industry reports show input costs up 10-50%.

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