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Informist, Thursday, Aug. 13, 2026

 

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--Tata Motors PV Apr-Jun consol net profit INR 7.75 bln
--Analysts saw Tata Motors PV Apr-Jun consol net profit at INR 12.54 bln
--Tata Motors PV Apr-Jun consol revenue INR 957.99 bln
--Analysts saw Tata Motors PV Apr-Jun consol revenue at INR 924.73 bln
--Tata Motors PV Apr-Jun consol PAT INR 7.75 bln vs INR 39.24 bln yr ago
--Tata Motors PV Q1 consol revenue INR 957.99 bln vs INR 876.77 bln yr ago
--Tata Motors PV Q1 consol continuing ops PAT INR 8.59 bln vs INR 25.97 bln
--Tata Motors PV Q1 consol cost of material INR 608.35 bln vs INR 539.94 bln
--Tata Motors PV Apr-Jun consol EBITDA margin 7.4%, down 130 bps on year
--Tata Motors PV Apr-Jun consol EBIT margin 2.4%, down 90 bps on year
--Tata Motors PV Q1 JLR EBIT margin 2.8%, down 120 bps on year
--Tata Motors PV Q1 JLR EBITDA margin 8.1%, down 120 bps on year
--Tata Motors PV Q1 JLR revenue 5.97 bln pound sterling, down 9.6% on year
--Tata Motors PV: JLR expected to launch four new products in coming months
--Tata Motors PV Q1 JLR PAT 66 mln pound sterling vs 248 mln sterling yr ago
--Tata Motors PV Q1 JLR revenue INR 767.05 bln vs INR 759.52 bln year ago

 

By Anand JC and Pratyush Kumar

 

MUMBAI – Tata Motors Passenger Vehicles Ltd.'s consolidated bottom line for the June quarter fell sharply on year as continued underperformance by its UK-based subsidiary Jaguar Land Rover Automotive PLC eclipsed the strong performance of its domestic car business. Persistent input cost pressures and supply chain disruptions weighed on sales by the luxury automobile arm even as Tata Motors PV's domestic business remained resilient. The company's consolidated revenue was better than expectations, but its profit was not.

 

The automaker's consolidated net profit for the June quarter was INR 7.75 billion, down 80% on year and 87% on quarter. Its consolidated revenues grew 9% on year but fell by the same quantum on quarter to INR 957.99 billion. Consensus estimates had pegged its net profit at INR 12.54 billion and revenue at INR 924.73 billion.

 

Revenue from JLR for the reporting quarter was INR 767.05 billion, up 1% on year. JLR's contribution to the company's consolidated top line fell to around 80% from 86% a year ago and 81% in the year-ago quarter. Its revenue fell almost 10% on year to 6 billion pounds sterling.

 

The weak growth in JLR revenues for the quarter reflects the 9% year-on-year fall in wholesale despatches of the subsidiary's cars due to temporary supply constraints, which include a fire at a key component supplier's unit, the war in West Asia, and the planned winding down of the Jaguar range of cars.

 

The earnings before interest and tax margin of the JLR business, adjusted for one-time items, fell to 2.8% in the reporting quarter, down from 4% a year ago. JLR's profit before tax, before exceptional items, was 109 million pounds sterling, down almost 70% on year, while profit after tax was 66 million pounds sterling, down from 248 million pounds sterling a year ago. The subsidiary's bottom line fell on year as variable marketing expenditure was elevated, partially offset by favourable structural costs, the company said.

 

The fall in profitability led to a negative free cash flow of 998 million pounds sterling, along with negative working capital, which the company said was typical for the quarter. Its investment in the June quarter was in line with its plan, given that it will launch four new cars in the coming months--the Range Rover Electric, Range Rover Sport Electric, Range Rover GT, and Jaguar Type 01.

 

JLR's cash balance as of Jun. 30 was 1.7 billion pounds sterling. "The relative savings YoY in US-UK tariffs (reducing to 10% from 27.5%) were partially offset by non-repeat of the US emissions provision release for Fed CAFE in Q1 FY26," the company said in a presentation to investors. 

 

The consolidated revenues of Tata Motors PV's domestic business for the June quarter was INR 179.30 billion, up almost 65% on year. The EBITDA margin of the domestic business stood at 4.3%, up from 4% a year ago but down from 9.4% in the March quarter. The company sold around 182,000 units in the June quarter, up 46% on year.

 

The consolidated total expenses of Tata Motors for the June quarter were INR 953.38 billion, up 12% on year from INR 850.58 billion. The expenses rose sharply on the back of higher cost of materials consumed, which rose nearly 13% on year to INR 608.35 billion and accounted for nearly 64% of the total expenses. The company's second largest expenditure head for the June quarter was other expenses at INR 226.82 billion, rising more than 24% on year.

 

The company will watch for any implications from global geopolitical developments and luxury segment industry trends. It is looking to execute a seamless launch pipeline for JLR and shift its strategy to double growth in North America. Meanwhile, the automaker will remove any blockages in the supply chain and expand production capacity for the domestic business too. 

 

Tata Motors is looking to sustain its domestic market position through technological innovations in the electric vehicle segment. The company also aims to reduce production costs to improve its margin. Any future reduction in commodity costs, changes in government incentive schemes, and price actions by the company are expected to have an impact on its profitability.

 

Shares of Tata Motors Passenger Vehicles ended Thursday at INR 349.60 apiece on the National Stock Exchange, up 2% from Wednesday. The company detailed its June quarter earnings after market hours.  End

 

Edited by Rajeev Pai

 

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