ALFA Finder| Management target | Revenue 10.0% |
|---|
| Revenue growth | Consolidated revenue at ₹95.8K Cr; domestic up 65%, JLR down 9.6%. |
|---|---|
| Margins | EBITDA margins flat at 7.4% due to severe commodity cost pressures. |
| Order book | Strong EV order book; JLR inventory balancing ahead of new launches. |
| Demand visibility | Strong domestic demand; China and luxury segments face significant macro headwinds. |
| Management confidence | Cautiously optimistic, focusing on H2 recovery through aggressive new product pipeline. |
Growth
Domestic volumes grew 46% YoY, while JLR wholesales fell 10% due to supply constraints and Middle East conflict.
Outlook
Targeting 10% annual revenue growth; expected margin recovery in H2 via price hikes and cost reductions.
Risks
Elevated commodity inflation (3% residual impact in Q2), China market correction (-25%), and JLR supply chain volatility.
Last quarter's promises, checked
Delivered
- JLR EBIT guidance 0%-2% → delivered 0.7% (= BEAT)
- JLR Cash Loss guidance GBP 2.2B-2.5B → delivered GBP 2.2B (= BEAT)
- Domestic Capex guidance 7.5% of revenue → delivered 7.5% (= BEAT)
Partly delivered
- Sierra production milestone 10K units → supply constraints cited (= PARTIAL)
- PLI accruals target Rs 1,000 Cr → delivered Rs 1,000 Cr but includes Q3 catch-up (= PARTIAL)
Missed
- JLR Wholesales target 300K+ units → delivered 95K in Q4 (= MISS)
Earnings Call Transcript filed with BSE, NSE: TMPV. Summary written with AI assistance from the document.
Tata Motors Passenger Vehicles Ltd: key numbers
- Share price
- ₹299.85
- Market cap
- ₹1,10,435 Cr
- Revenue (annual)
- ₹3,35,582 Cr
- Net profit (annual)
- ₹82,390 Cr
- P/E (TTM)
- 1.4×Sector 32.5×
- Promoter holding
- 42.50%-0.01% QoQ
- FII holding
- 15.32%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
More from Tata Motors Passenger Vehicles Ltd
All →Tata Motors Passenger Vehicles Business Update
Tata Motors Passenger Vehicles reported October 2026 sales of 75,426 units, up 23% year-on-year. Electric vehicle sales rose 75% to 16,244 units.
Tata Motors Passenger Vehicles Board Meeting Date
Tata Motors Passenger Vehicles will hold a board meeting on 13 November 2026 to approve Q2 and half-year results. An analyst call follows the results announcement.
Tata Motors Passenger Vehicles Other Announcement
The company submitted its quarterly shareholding pattern for the period ended September 30, 2026. This is a routine periodic disclosure mandated by SEBI regulations.
Tata Motors Passenger Vehicles Partnership
TMPV and Stellantis sign a Definitive Agreement expanding their partnership into advanced vehicle technology collaboration. Vehicles will be built at their 50:50 JV, FIAPL, for global markets.
Tata Motors Passenger Vehicles Debt & Borrowing
Tata Motors Passenger Vehicles filed its half-yearly debt securities compliance report as of September 30, 2026. The filing details three outstanding NCD tranches maturing in 2028.
Tata Motors Passenger Vehicles Business Update
Tata Motors Passenger Vehicles recorded sales of 201,723 units in Q2 FY27, marking 40% year-on-year growth. EV sales grew 90% to over 47,000 units during the quarter.
- quarterly sales volume
- 201723.0 units