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Informist, Thursday, May 14, 2026

 

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--Tata Motors PV Jan-Mar consol net profit INR 57.83 bln
--Analysts saw Tata Motors PV Jan-Mar consol net profit at INR 40.67 bln
--Tata Motors PV Jan-Mar consol revenue INR 1.05 tln
--Analysts saw Tata Motors PV Jan-Mar consol revenue at INR 1.11 tln
--Tata Motors PV Jan-Mar consol PAT INR 57.83 bln vs INR 84.70 bln yr ago
--Tata Motors PV Jan-Mar consol revenue INR 1.05 tln vs INR 983.77 bln yr ago
--Tata Motors PV Jan-Mar net profit includes one-time income INR 1.10 bln
--Tata Motors PV Jan-Mar profit excluding exceptional items INR 56.73 bln
--Tata Motors PV to pay INR 3 per share final dividend
--Tata Motors PV FY26 consol PAT INR 823.90 bln vs INR 278.30 bln yr ago
--Tata Motors PV FY26 consol revenue INR 3.36 tln vs INR 3.66 tln yr ago
--Tata Motors PV Jan-Mar consol EBITDA margin 13.1%, down 130 bps on year
--Tata Motors PV Jan-Mar consol EBIT margin 8.4%, down 120 bps on year
--Tata Motors PV Q4 JLR revenue 6.87 bln pound sterling, down 11.1% on yr
--Tata Motors PV Q4 JLR revenue INR 856.25 bln, up 1% on year
--Tata Motors PV Q4 JLR EBITDA margin 14%, down 130 bps on year
--Tata Motors PV Q4 JLR EBIT margin 9.2%, down 150 bps on yr
--Tata Motors PV Jan-Mar consol EBITDA INR 139 bln
--Tata Motors PV consol net debt INR 307 bln on Mar 31
--Tata Motors PV: To step up growth at JLR, have planned launches over 18 mos 
--Tata Motors PV: JLR profits hit Q4 on cut in output of outgoing Jaguar models 
--Tata Motors PV: JLR profits hit in Q4 amid competition in China 
--Tata Motors PV Jan-Mar consol EBITDA INR 139 bln, down 2% on year 
--Tata Motors PV: To share FY27 guidance for JLR on June 17 investor day 
--JLR CEO Balaji: Looking to reduce breakeven volumes in FY27 

 

By Anand JC and Ashutosh Pati

 

MUMBAI – Tata Motors Passenger Vehicles Ltd. reported a net profit in the March quarter after its bottom line in the previous two quarters had been severely impacted by a crippling cyber attack on its luxury car arm Jaguar Land Rover in late August 2025. The company's top line and bottom line improved considerably on a sequential basis, but faltered on year. 

 

The company reported a consolidated net profit of INR 57.83 billion for the March quarter compared to a loss of INR 34.86 billion in the December quarter and a net profit of INR 84.70 billion in the year-ago quarter, translating to a year-on-year fall of 32%. Tata Motors PV's bottom line was comfortably higher than analysts' projections of INR 40.67 billion.

 

The Sierra maker's consolidated top line grew to INR 1.05 trillion for the quarter under review, up 7% on year and 50% on quarter. Analysts had expected the company's top line to be INR 1.11 trillion for the March quarter.  

 

"In Q4 FY26 (Jan-Mar), all the consolidated financial metrics improved significantly as JLR operations recovered post the cyber incident and domestic business continued its positive trajectory," Dhiman Gupta, the company's chief financial officer, said in a press release. "Going ahead, we will continue to build on our resilience through a slew of product interventions, and cost-side actions, while the global geopolitical environment and commodity prices continue to remain key monitorable."    

 

Sequential performance in the reporting quarter gathered steam considerably, with the operations of Tata Motors PV's UK-based Jaguar Land Rover gradually picking up after the cyber-attack. Jaguar Land Rover accounts for over 80% of Tata Motors PV's revenues.

 

The top line of JLR for the March quarter was INR 856.25 billion, up barely a percent on year but 59% higher on quarter. "Volumes and profitability were impacted YoY (year-on-year) by the continued planned wind down of outgoing Jaguar models ahead of the new Jaguar launch, and the competitive environment the automotive industry is facing in China," the company noted.

 

JLR's revenues fell over 11% on year to 6.87 billion pound sterling. JLR's earnings before interest, tax, depreciation, and amortisation margin fell 130 basis points on year to 14% and the EBIT margin fell 150 bps on year to 9.2% in the March quarter. It reported a profit of 365 million pound sterling for the quarter, down around 43% on year. The company's JLR volumes in Jan-Mar rose significantly from the previous quarter as production returned to normal, the company said.

 

For 2025-26 (Apr-Mar), JLR's revenue fell 21% on year to 22.9 billion pound sterling. Adjusted EBIT margin for the year was down at 0.7% from 8.5% a year ago. The segment reported a net loss of 244 million pound sterling for FY26 against a profit of 1.8 billion pound sterling the previous year. The segment reported a revenue of INR 2.73 trillion for FY26, down 13% from INR 3.14 trillion the previous year.

 

Tata Motors PV expects to continue growth in JLR and has planned launches over the next 18 months. The segment remains well placed to address geopolitical, inflationary, and regulatory challenges the industry is facing currently, the company said. "As we look ahead into FY27, we are focused on driving growth through our well differentiated House of Brands and reducing our break-even volumes, whilst we launch a slew of exciting products starting with the New Range Rover Electric," P.B. Balaji, chief executive officer of the company, said in a press release.

 

Tata Motors PV's net profit for the quarter included a one-time income of INR 1.10 billion on account of a reversal of past service costs. Adjusting for this, the company reported a net profit of INR 56.73 billion. Its consolidated EBITDA for the quarter fell 2% on year to INR 139 billion. Its consolidated EBITDA margin for the quarter declined 130 bps on year to 13.1% and EBIT margin fell 120 bps to 8.4%.

 

The company's passenger vehicles segment reported a revenue of INR 187.42 billion for the March quarter, up over 49% on year. Its EBITDA margin for the segment rose 150 bps on year to 9.4%, while EBIT margin rose 310 bps to 4.7%. For FY26, the segment's revenues rose around 21% on year to INR 584.65 billion. Its EBITDA margin for the year was flat on year at 6.9% and EBIT margin was up 50 bps at 1.4%. Adverse pricing and rise in commodity prices offset the favourable impact of volumes and product mix, the company said. Domestic demand for the segment continues to sustain, led by growth in sport utility vehicles, compressed natural gas-run vehicles, and electric vehicles. The company will ramp up its production to meet growing demand.

 

The company's consolidated net debt was INR 307 billion as on Mar. 31. It will share the guidance for FY27 at its investor day on Jun. 17, the company said. For FY26, Tata Motors PV reported a consolidated net profit of INR 823.90 billion, up around three times from a year ago. Its revenue for the year fell over 8% to INR 3.36 trillion. The company will pay a final dividend of INR 3 per share. 

 

Tata Motors PV released its March quarter results post market hours. Thursday, shares of the company closed 0.6% higher at INR 338.75 on the National Stock Exchange.  End

 

Edited by Tanima Banerjee

 

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