On consolidated basis
Quarter ended June 2026 compared with Quarter ended June 2025.
Net sales (including other operating income) of Tata Motors Passenger Vehicles has increased 9.26% to Rs 95799 crore. Sales of Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle segment has gone up 64.84% to Rs 17,930.00 crore (accounting for 18.61% of total sales). Sales of Automotive and related activity-Jaguar and Land Rover segment has gone up 0.99% to Rs 76,705.00 crore (accounting for 79.63% of total sales). Sales of Others segment has gone up 33.44% to Rs 1,668.00 crore (accounting for 1.73% of total sales). Sales of Corporate segment has gone down 58.49% to Rs 22.00 crore (accounting for 0.02% of total sales). Inter-segment sales rose Rs 455.00 crore to Rs 526.00 crore. Profit before interest, tax and other unallocable items (PBIT) has slumped 38.36% to Rs 2,259.00 crore. PBIT of Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle segment rose 72.44% to Rs -78.00 crore (accounting for -3.45% of total PBIT). PBIT of Automotive and related activity-Jaguar and Land Rover segment fell 43.51% to Rs 2,172.00 crore (accounting for 96.15% of total PBIT). PBIT of Others segment rose 28.00% to Rs 224.00 crore (accounting for 9.92% of total PBIT). PBIT of Corporate segment rose 18.06% to Rs -59.00 crore (accounting for -2.61% of total PBIT). PBIT margin of Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle segment rose from negative 2.60% to negative 0.44%. PBIT margin of Automotive and related activity-Jaguar and Land Rover segment fell from 5.06% to 2.83%. PBIT margin of Others segment fell from 14.00% to 13.43%. PBIT margin of Corporate segment fell from negative 135.85% to negative 268.18%. Overall PBIT margin fell from 4.16% to 2.35%. Operating profit margin has declined from 9.31% to 6.45%, leading to 24.33% decline in operating profit to Rs 6,176.00 crore. Raw material cost as a % of total sales (net of stock adjustments) decreased from 60.18% to 60.07%. Purchase of finished goods cost rose from 4.21% to 4.82%. Employee cost increased from 12.31% to 12.58%. Other expenses rose from 14.20% to 16.43%. Other direct service cost fell from 2.73% to 2.37%. Preoperation capitalised expenses rose from 8.33% to 8.49%. Other income fell 7.91% to Rs 1129 crore. PBIDT fell 22.19% to Rs 7305 crore. Provision for interest rose 20.66% to Rs 835 crore. PBDT fell 25.60% to Rs 6470 crore. Provision for depreciation rose 0.60% to Rs 4880 crore. Profit before tax down 58.65% to Rs 1,590.00 crore. Share of profit/loss was 84.76% lower at Rs 16 crore. Extraordinary items were increased to Rs -32.00 crore. Provision for tax was expense of Rs 715 crore, compared to Rs 1306 crore. Effective tax rate was 45.43% compared to 33.46%. Minority interest increased 6.33% to Rs 84.00 crore. Net profit attributable to owners of the company decreased 69.22% to Rs 775.00 crore. Promoters’ stake was 42.51% as of 30 June 2026 ,compared to 42.57% as of 30 June 2025 .
Full year results analysis.
Net sales (including other operating income) of Tata Motors Passenger Vehicles has declined 8.33% to Rs 335582 crore. Sales of Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle segment has gone up 20.67% to Rs 58,465.00 crore (accounting for 17.33% of total sales). Sales of Automotive and related activity-Jaguar and Land Rover segment has gone down 13.02% to Rs 273,303.00 crore (accounting for 80.99% of total sales). Sales of Others segment has gone up 6.55% to Rs 5,513.00 crore (accounting for 1.63% of total sales). Sales of Corporate segment has gone down 31.25% to Rs 154.00 crore (accounting for 0.05% of total sales). Inter-segment sales came down from Rs 1,975.00 crore to Rs 1,853.00 crore. Profit before interest, tax and other unallocable items (PBIT) has slumped 86.53% to Rs 3,913.00 crore. PBIT of Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle segment rose 75.16% to Rs 825.00 crore (accounting for 21.08% of total PBIT). PBIT of Automotive and related activity-Jaguar and Land Rover segment fell 90.35% to Rs 2,680.00 crore (accounting for 68.49% of total PBIT). PBIT of Others segment fell 12.39% to Rs 721.00 crore (accounting for 18.43% of total PBIT). PBIT of Corporate segment fell 1,986.67% to Rs -313.00 crore (accounting for -8.00% of total PBIT). PBIT margin of Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle segment rose from 0.97% to 1.41%. PBIT margin of Automotive and related activity-Jaguar and Land Rover segment fell from 8.84% to 0.98%. PBIT margin of Others segment fell from 15.91% to 13.08%. PBIT margin of Corporate segment fell from negative 6.70% to negative 203.25%. Overall PBIT margin fell from 7.89% to 1.16%. Operating profit margin has declined from 13.13% to 5.63%, leading to 60.69% decline in operating profit to Rs 18,897.00 crore. Raw material cost as a % of total sales (net of stock adjustments) increased from 54.66% to 58.57%. Purchase of finished goods cost fell from 5.60% to 5.04%. Employee cost increased from 11.57% to 13.52%. Other expenses rose from 14.96% to 17.21%. Other direct service cost rose from 2.83% to 3.55%. Loss on forex transaction rose from 0.28% to 0.39%. Preoperation capitalised expenses rose from 8.13% to 9.45%. Other income rose 6.44% to Rs 5787 crore. PBIDT fell 53.87% to Rs 24684 crore. Provision for interest fell 27.53% to Rs 2827 crore. Loan funds rose to Rs 79,109.00 crore as of 31 March 2026 from Rs 71,540.00 crore as of 31 March 2025. Inventories rose to Rs 50,126.00 crore as of 31 March 2026 from Rs 47,269.00 crore as of 31 March 2025. Sundry debtors were lower at Rs 12,619.00 crore as of 31 March 2026 compared to Rs 13,248.00 crore as of 31 March 2025. Cash and bank balance declined from Rs 40,834.00 crore as of 31 March 2025 to Rs 29,684.00 crore as of 31 March 2026. Investments declined from Rs 35,656.00 crore as of 31 March 2025 to Rs 26,313.00 crore as of 31 March 2026. PBDT fell 55.95% to Rs 21857 crore. Provision for depreciation fell 6.25% to Rs 19784 crore. Fixed assets declined from Rs 180,608.00 crore as of 31 March 2025 to Rs 99,829.00 crore as of 31 March 2026. Intangible assets increased from Rs 895.00 crore to Rs 107,481.00 crore. Profit before tax down 92.73% to Rs 2,073.00 crore. Share of profit/loss was 220.86% higher at Rs 446 crore. Extraordinary items were decreased to Rs -4,142.00 crore. Provision for tax was credit of Rs 246 crore, compared to debit of Rs 9060 crore. Effective tax rate was 15.16% compared to 31.84%. Minority interest decreased 20.06% to Rs 255.00 crore. Equity capital increased from Rs 736.00 crore as of 31 March 2025 to Rs 737.00 crore as of 31 March 2026. Per share face Value remained same at Rs 2.00. Promoters’ stake was 42.56% as of 31 March 2026 ,compared to 42.58% as of 31 March 2025 . Cash flow from operating activities decreased to Rs 13,041.00 crore for year ended March 2026 from Rs 63,102.00 crore for year ended March 2025. Cash flow used in acquiring fixed assets during the year ended March 2026 stood at Rs 36,282.00 crore, compared to Rs 38,039.00 crore during the year ended March 2025. Other
highlights
In Q1 FY27, Tata PV
volumes grew 46% YoY, significantly outperforming the industry. EV volumes grew
by 112% YoY, backed by its comprehensive portfolio, new launches and leveraging
demand growth post West Asia conflict.
Alternative
powertrains continue to outperform in Q1 FY27 with EV penetration at 19% and
CNG at 27%.
In Q1 FY27, the
domestic business delivered a strong revenue growth of 65% YoY, however
elevated Commodities & FX moderated margins.
In Q1 FY27, JLR
wholesales were down 9.2% YoY on account of temporary supply constraints,
including a fire at a key component supplier, Middle east conflict and planned
Jaguar wind-down.
Management Comments :
Dhiman Gupta, Chief
Financial Officer, TMPVL said: “Q1 FY27 was a quarter where we focused on
carrying forward the growth momentum in the domestic business and preparing for
an important transition year at JLR. Some of the challenges of FY26 i.e. supply
constraints and elevated commodities / FX continued to impact performance in Q1
FY27. We delivered a resilient quarter and are confident to drive growth
through new launches, debottleneck supply constraints, and take focused actions
to deliver margin improvements.”
PB Balaji, Group Chief Financial Officer, said: "JLR
delivered first quarter profits of £109m and an adjusted EBIT margin of 2.8%.
Despite the near-term industry challenges, we continue to see strong demand for
our brands and look forward to the launch of four sensational new products in
the coming months: Range Rover Electric, Range Rover Sport Electric, Range
Rover GT and Jaguar Type 01. I would like to thank all our people, suppliers
and retail partners for their continued dedication, resilience and support.”
Shailesh Chandra,
Managing Director TMPV and TPEM said: “Q1 FY27 marked a strong start to the
year for Tata Motors PV, with industry-beating 46% YoY volume growth driven by
robust customer demand and the success of our recent launches. Our leadership
in electric mobility strengthened further, with record quarterly EV volumes of
over 34,000 units and 112% YoY growth. The new avatars of Tiago and Punch have
received a strong response, with robust bookings across powertrains,
reinforcing the strength of our multi-powertrain strategy. We are encouraged by
the growing adoption of EVs across segments and the rapid mainstreaming of
electric mobility in India. While supply constraints affected Sierra volumes
during the quarter, customer interest remains strong and the Sierra.ev has seen
a positive response. In Q1 FY27 we delivered a resilient financial performance
while being impacted on account of elevated levels of commodity and forex.
Supported by a strong order book, exciting product pipeline, sustained demand,
and focused margin improvement initiatives, we remain confident of maintaining
growth momentum and delivering sequential improvement through the rest of the
year.”
| Tata Motors Passenger Vehicles : Consolidated Results | | | Quarter ended | Year ended |
|---|
| Particulars | 202606 | 202506 | Var.(%) | 202603 | 202503 | Var.(%) |
|---|
| Net Sales (including other operating income) | 95,799.00 | 87,677.00 | 9.26 | 335,582.00 | 366,094.00 | -8.33 | | OPM (%) | 6.45 | 9.31 | -286 bps | 5.63 | 13.13 | -750 bps | | OP | 6,176.00 | 8,162.00 | -24.33 | 18,897.00 | 48,077.00 | -60.69 | | Other Inc. | 1,129.00 | 1,226.00 | -7.91 | 5,787.00 | 5,437.00 | 6.44 | | PBIDT | 7,305.00 | 9,388.00 | -22.19 | 24,684.00 | 53,514.00 | -53.87 | | Interest | 835.00 | 692.00 | 20.66 | 2,827.00 | 3,901.00 | -27.53 | | PBDT | 6,470.00 | 8,696.00 | -25.60 | 21,857.00 | 49,613.00 | -55.95 | | Depreciation | 4880 | 4851 | 0.60 | 19784 | 21102 | -6.25 | | PBT | 1,590.00 | 3,845.00 | -58.65 | 2073 | 28511 | -92.73 | | Share of Profit/(Loss) from Associates | 16 | 105 | -84.76 | 446 | 139 | 220.86 | | PBT before EO | 1606 | 3950 | -59.34 | 2519 | 28650 | -91.21 | | EO Income | -32 | -47 | 31.91 | -4142 | -196 | -2,013.27 | | PBT after EO | 1574 | 3903 | -59.67 | -1623 | 28454 | PL | | Taxation | 715 | 1306 | -45.25 | -246 | 9060 | LP | | PAT | 859 | 2597 | -66.92 | -1377 | 19394 | PL | | Minority Interest (MI) | 84 | 79 | 6.33 | 255 | 319 | -20.06 | | Net profit | 775 | 2518 | -69.22 | -1632 | 19075 | PL | | P/(L) from discontinued operations net of tax | 0 | 1406 | - | 84022 | 8755 | 859.70 | | Net profit after discontinued operations | 775 | 3924 | -80.25 | 82390 | 27830 | 196.05 | | EPS (Rs)* | 2.15 | 6.92 | -68.97 | 7.63 | 52.15 | -85.37 | | | * EPS is on current equity of Rs 736.58 crore, Face value of Rs 2, Excluding extraordinary items. | | # EPS is not annualised | | bps : Basis points | | EO : Extraordinary items | | Figures in Rs crore | | Source: Capitaline Corporate Database |
|
| Tata Motors Passenger Vehicles : Consolidated Segment Results | | | Quarter ended | Year ended |
|---|
| % of (Total) | 202606 | 202506 | Var.(%) | % of (Total) | 202603 | 202503 | Var.(%) |
|---|
| Sales | | Automotive and related activity-Tata and Other brands vehicle-commercial vehicle | 0.00 | 0.00 | 0.00 | - | | Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle | 18.61 | 17,930.00 | 10,877.00 | 64.84 | 17.33 | 58,465.00 | 48,451.00 | 20.67 | | Automotive and related activity-Vehicle Financing | 0.00 | 0.00 | 0.00 | - | | Automotive and related activity-Jaguar and Land Rover | 79.63 | 76,705.00 | 75,952.00 | 0.99 | 80.99 | 273,303.00 | 314,220.00 | -13.02 | | Others | 1.73 | 1,668.00 | 1,250.00 | 33.44 | 1.63 | 5,513.00 | 5,174.00 | 6.55 | | Corporate | 0.02 | 22.00 | 53.00 | -58.49 | 0.05 | 154.00 | 224.00 | -31.25 | | Total Reported Sales | 100.00 | 96,325.00 | 88,132.00 | 9.30 | 100.00 | 337,435.00 | 368,069.00 | -8.32 | | Less: Inter segment revenues | | 526.00 | 455.00 | 15.60 | | 1,853.00 | 1,975.00 | -6.18 | | Net Sales | 100.00 | 95,799.00 | 87,677.00 | 9.26 | 100.00 | 335,582.00 | 366,094.00 | -8.33 | | PBIT | | Automotive and related activity-Tata and Other brands vehicle-commercial vehicle | 0.00 | 0.00 | 0.00 | - | | Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle | -3.45 | -78.00 | -283.00 | 72.44 | 21.08 | 825.00 | 471.00 | 75.16 | | Automotive and related activity-Vehicle Financing | 0.00 | 0.00 | 0.00 | - | | Automotive and related activity-Jaguar and Land Rover | 96.15 | 2,172.00 | 3,845.00 | -43.51 | 68.49 | 2,680.00 | 27,764.00 | -90.35 | | Others | 9.92 | 224.00 | 175.00 | 28.00 | 18.43 | 721.00 | 823.00 | -12.39 | | Corporate | -2.61 | -59.00 | -72.00 | 18.06 | -8.00 | -313.00 | -15.00 | -1,986.67 | | Total PBIT | 100.00 | 2,259.00 | 3,665.00 | -38.36 | 100.00 | 3,913.00 | 29,043.00 | -86.53 | | Less : Interest | | 835.00 | 718.00 | 16.30 | | 2,827.00 | 934.00 | 202.68 | | Add: Other un-allcoable | | 150.00 | 2,614.00 | -94.26 | | -1,048.00 | 10,646.00 | PL | | PBIT Margin(%) | | Automotive and related activity-Tata and Other brands vehicle-commercial vehicle | | 0.00 | 0.00 | 0.00 | | Automotive and related activity-Tata and Other brands vehicle-Passenger vehicle | | -0.44 | -2.60 | 216.68 | | 1.41 | 0.97 | 43.90 | | Automotive and related activity-Vehicle Financing | | 0.00 | 0.00 | 0.00 | | Automotive and related activity-Jaguar and Land Rover | | 2.83 | 5.06 | -223.08 | | 0.98 | 8.84 | -785.53 | | Others | | 13.43 | 14.00 | -57.07 | | 13.08 | 15.91 | -282.83 | | Corporate | | -268.18 | -135.85 | -13,233.28 | | -203.25 | -6.70 | -19,655.03 | | PBT | 100.00 | 1,574.00 | 5,561.00 | -71.70 | 100.00 | 38.00 | 38,755.00 | -99.90 |
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