ALFA Finder| Revenue growth | Consolidated revenue +34% YoY; JLR +20.3% |
|---|---|
| Margins | JLR adj EBIT 2.8% to 1.1% QoQ; PV EBITDA 4.3% to 4.0% |
| Order book | Range Rover Electric ~4,300 orders to date |
| Demand visibility | JLR retails -7.5% YoY; PV offtake +40% YoY |
| Management confidence | Targets FY28 double-digit EBITDA, positive FCF |
Growth
Consolidated revenue +34% YoY. JLR wholesales +24.7% YoY to 82.5K; PV wholesales 201.6K vs 144.5K.
Outlook
JLR FY27: revenue c.£25bn, EBIT 2-3%, FCF c.£(1.25)bn; FY27 investment c.£3.4bn; FY28 double-digit EBITDA, positive FCF.
Risks
China volume decline, Middle East disruption, commodity and FX pressure, and JLR adjusted EBIT margin down from 2.8% to 1.1% QoQ.
Last quarter's promises, checked
Delivered
- FY27 PV growth 'higher double-digit' → PV wholesales 201.6K vs 144.5K, ~+40% (= BEAT)
- 10% revenue growth p.a. goal → consolidated revenue +34% YoY (= BEAT)
Partly delivered
- Q2 PV margin 'flattish' vs Q1 ~4% → PV EBITDA 4.3%→4.0% (= PARTIAL)
- Range Rover Electric 'September' launch → listed as launched, timing unverified (= PARTIAL)
Missed
- JLR EBIT 'not inconsistent' with FY27 2-3% guide (Q1 2.8%) → Q2 adj EBIT 1.1% (= MISS)
Investor Presentation filed with NSE, NSE: TMPV. Summary written with AI assistance from the document.
Tata Motors Passenger Vehicles Ltd: key numbers
- Share price
- ₹287.40
- Market cap
- ₹1,05,849 Cr
- Revenue (annual)
- ₹3,35,582 Cr
- Net profit (annual)
- ₹82,390 Cr
- P/E (TTM)
- -43.0×Sector 33.1×
- 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.
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- Key figure
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