Tata Motors Passenger Vehicles reported a 24.5% year-on-year increase in Jaguar Land Rover's wholesale volumes to 82,400 units in the second quarter, according to its latest business update.
The company said the growth in wholesale volumes reflects a recovery from the impact of a cyber incident a year ago. JLR's retail sales fell 7.5% year-on-year to 79,000 units during the quarter.
In the first quarter for fiscal 2026-27, Tata Motors PV's consolidated net profit fell 80.3% to Rs 775 crore, while the profit was at Rs 3,924 crore for the previous financial year.
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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.
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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