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Earnings Call

Tata Motors Passenger Vehicles Earnings Call: Key Takeaways

Tata Motors PV & JLR posted FY26 revenue of ₹335.6K Cr with a 6.8% EBITDA margin. Results were severely impacted by a cyber incident causing production stoppages and JLR net debt.

Why this was an Alfa AlertNot a filter event. Results were largely in line with revised guidance following the cyber incident; no material beat of prior upper-end guidance.
Highlights
Revenue growthConsolidated FY26 revenue down 8.3% YoY to ₹335.6K Cr.
MarginsJLR FY26 EBIT margin 0.7%; Tata PV EBIT margin 1.4%.
Demand visibilityStrong SUV demand in UK/Europe; challenging environment in China.
Management confidenceFocus on resilience and process excellence to drive £1.7bn savings.

Growth

JLR FY26 revenue fell 20.9% to £22.9bn; Tata PV revenue grew 20.7% to ₹58.5K Cr.

Outlook

JLR aiming for 300k break-even volumes in 2 years; Tata PV focusing on EV leadership and CAFÉ compliance.

Risks

Cyber incident recovery, geopolitical tensions, US tariffs, inflationary pressures, and China market challenges.

Source

Earnings Call filed with NSE, NSE: TATAMOTORS. Summary written with AI assistance from the document.

Read the document ↗

Tata Motors Passenger Vehicles Limited: key numbers

Share price
₹290.45
Market cap
₹1,06,973 Cr
Revenue (annual)
₹3,35,582 Cr
Net profit (annual)
₹82,390 Cr
P/E (TTM)
1.4×Sector 33.6×
Promoter holding
42.51%-0.05% QoQ
FII holding
17.11%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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