Tata Steel's shares dropped 4.13% to ₹207.85 following a downgrade by a foreign broker, which cited regulatory cost pressures in the Netherlands as a key concern. The downgrade comes amid expectations of increased costs related to the early closure of coke and gas plants due to emissions violations, alongside delays in projects in the UK and India. Despite these challenges, Tata Steel reported a robust 124.9% increase in consolidated net profit for Q4 FY26, reaching ₹2,925.74 crore, supported by a 12.53% rise in operational income to ₹62,687.31 crore. The company also achieved a 47.19% increase in EBITDA, totaling ₹9,953 crore. For the full fiscal year, Tata Steel's consolidated net profit surged 215.56% to ₹10,793.87 crore, with revenues from operations rising 6.2% to ₹2,30,293.47 crore. Tata Steel Netherlands is currently addressing regulatory challenges and has incurred penalties exceeding €20 million for non-compliance with emission limits. The company remains focused on operational efficiency and has announced a dividend of ₹4 per share for FY26, with a record date set for June 12, 2026.