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Informist, Wednesday, May 13, 2026

 

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--Tata Motors Jan-Mar net profit INR 24.06 bln
--Tata Motors Analysts saw Tata Motors Jan-Mar net profit at INR 23.96 bln
--Tata Motors Jan-Mar revenue INR 244.52 bln
--Tata Motors Analysts saw Tata Motors Jan-Mar revenue at INR 240.38 bln
--Tata Motors Jan-Mar net profit INR 24.06 bln vs INR 14.19 bln year ago
--Tata Motors Jan-Mar revenue INR 244.52 bln vs INR 199.99 bln year ago
--Tata Motors To pay INR 4 per share final dividend
--Tata Motors Jan-Mar net profit includes one-time income INR 2.20 bln
--Tata Motors Jan-Mar profit excluding exceptional income INR 21.86 bln
--Tata Motors Q4 one-time gain due to reversal of provisions for labour codes
--Tata Motors Jan-Mar EBITDA INR 34 bln, up 35% on year
--Tata Motors Jan-Mar EBITDA margin 13.90% vs 12.60% year ago
--Tata Motors Jan-Mar EBIT margin 12.10% vs 9.90% year ago
--Tata Motors Q4 EBIT margin up YoY on higher volumes, better realisations
--Tata Motors Q4 EBIT margin rise limited due to higher input costs
--Tata Motors Have received most regulatory approvals for Iveco acquisition
--Tata Motors Expect to complete Iveco acquisition by Jul-Sept
--Tata Motors Expect commodity cost pressures to persist near term
--Tata Motors Expects investment spending in FY27 to be around 30 bln

 

By Gopika Balasubramanium

 

MUMBAI – Tata Motors Ltd.'s top line for the March quarter rose sharply on year on the back of higher sales and healthy realisations, and was also above Street's expectation. Its bottom line for the quarter also met the consensus estimate, aided by a one-time income on account of reversal of provisions made for the new labour codes.  

 

Its net profit for the reporting quarter was INR 24.06 billion, 70% higher than INR 14.19 billion profit a year ago. The consensus estimate had pegged the company's bottom line at INR 23.96 billion. Without the one-time gain of INR 2.20 billion, the company's net profit would have come in at INR 21.86 billion, below the Street's view. 

 

The company's top line was INR 244.52 billion for the March quarter, up over 22% on year. Analysts had expected the company's revenue from operations at INR 240.38 billion in Jan-Mar.

 

The company earned INR 1.71 billion as other operating income, which grew 31% on year. Its other income for the quarter under review was INR 2.40 billion. Including the two items above, the total income for the March quarter rose to INR 246.92 billion, up over 22% on year and over 19% sequentially.

 

Tata Motors' earnings before interest, tax, depreciation, and amortisation rose 35% on year to INR 34 billion during the March quarter. Its EBITDA margin improved 130 basis points on year to 13.90%, which was ahead of its mid-term guidance, the company said in its press release. The automaker's EBIT margin expanded 220 bps from the year-ago quarter to 12.10%, on the back of higher volumes, improved realisations, and continued cost efficiencies, which was partially offset by higher input costs.

 

"FY26 marked a clear inflection point for the commercial vehicles industry, with volumes surpassing the pre-FY19 peak, supported by GST 2.0 reforms and sustained infrastructure spending," said Managing Director and Chief Executive Officer Girish Wagh in a press release. The company sold 132,000 commercial vehicles to dealerships during the quarter ended March, up 25% on year, and 428,000 units for 2025-26 (Apr-Mar), up 14% on year.

 

The company's total expenditure for the March quarter was INR 217.20 billion, up nearly 19% on year. The cost of materials consumed was INR 143.98 billion, up around 30% on year. Purchase of products for sale was INR 24.88 billion, up over 21% on year.

 

The cost of changes in inventories of finished goods, work-in-progress, and products for sale was INR 1.64 billion, sharply down from INR 5.55 billion a year ago. However, its finance costs and expenses booked under depreciation and amortisation fell 42% and nearly 16%, on year, to INR 1.26 billion and INR 4.49 billion, respectively. 

 

For FY26, the company reported a net profit of INR 33.62 billion and a revenue of INR 769.46 billion. The full financial year figures for FY26 are not comparable as the company has given year-ago figures for the period between Jun. 23, 2024 and Mar. 31, 2025. 

 

Further, on plans to acquire Italy-based commercial vehicles maker Iveco, the company said it has secured most of the regulatory approvals. "Last pending approvals are being actively pursued for the earliest closure. Given this, Tata Motors expects to complete the transaction by Q2 FY27 (Jul-Sept)," the company said.

 

The company will pay a final dividend of INR 4 per share. Wednesday, the company's shares closed at INR 384.25, down 0.7%, on the National Stock Exchange. It declared its earnings post market hours.  End 

 

Edited by Tanima Banerjee

 

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