Tata Motors Passenger Vehicles Ltd.'s consolidated net profit fell 80.3% to Rs 775 crore, according to the company's financial results data for the first quarter for fiscal 2026-27, as per an exchange filing on Thursday. The profit was at Rs 3,924 crore for the previous financial year.
The firm's revenue was up 9.3% to Rs 95,799 crore, compared to Rs 87,677 crore in the year-ago period. The firm's Ebitda (earnings before interest, taxes, depreciation, and amortisation) was down 17.2% to Rs 6,326 crore, compared to Rs 7,639 crore in the preceding fiscal. The Ebitda margin contracted 6.6% from 8.7% on a year-on-year basis.
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Tata Motors PV Q1 (Cons, YoY)
- Net Profit Down 80.3% to Rs 775 crore versus Rs 3,924 crore
- Revenue Up 9.3% to Rs 95,799 crore versus Rs 87,677 crore
- Ebitda Down 17.2% to Rs 6,326 crore versus Rs 7,639 crore
- Ebitda Margin at 6.6% versus 8.7%
The volumes for the firm's Jaguar Land Rover arm were impacted by supply constraints, according to the company. Its revenue saw a 9.6% downturn to 6 billion pounds in the year-ago period.
The Ebitda margin was at 8.1% in the first quarter. The Ebit margin contracted to 2.8% from 4% on a year-on-year basis.
The firm's EV (electric vehicle) volumes grew by 112% on a year-on-year basis. Revenue growth was impacted by adverse foreign exchange and commodity costs, while profitability remained under pressure from market conditions.
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JLR remained profitable despite supply disruptions, with geopolitical developments and luxury segment trends continuing to remain key monitorables.
JLR is set to launch four new battery electric vehicles in the coming months. Domestic demand remains healthy despite cost pressures, while commodity costs are expected to remain elevated. The company remains focused on driving revenue growth and reducing costs.
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