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Earnings Call

Tata Motors Earnings Call: Key Takeaways

Tata Motors CV business achieved a milestone double-digit EBIT margin of 10.6% and strong FCF, despite ₹1,500cr in one-time demerger and labor code costs impacting reported profits.

Highlights
Revenue growth17% YoY growth driven by volume recovery and realizations.
MarginsStructural expansion; 10th consecutive quarter of double-digit EBITDA.
Order book6,000+ unit government order book for buses.
Demand visibilityStrong visibility for Q4 and FY27 from infrastructure spend.
Management confidenceBalanced, focusing on structural margin expansion and cash flow.

Growth

17% YoY revenue growth was volume-led, with HCV and ILMCV segments growing over 23%.

Outlook

Management expects sustained double-digit margins and Iveco acquisition closure by Q1 FY27.

Risks

Commodity headwinds in PGM/Copper and supply chain constraints in castings remain key concerns.

Source

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

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Tata Motors Ltd: key numbers

Share price
₹432.95
Market cap
₹1,59,446 Cr
Revenue (annual)
₹83,855 Cr
Net profit (annual)
₹3,030 Cr
P/E (TTM)
38.0×Sector 33.0×
Promoter holding
42.56%+0.00% QoQ
FII holding
18.58%Current quarter

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

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17:35 IST BSE
Other Announcement

Tata Motors Other Announcement

Tata Motors announced it received an ESG score of 75.3 (Rating B+) from SES ESG. The company clarifies it did not engage the agency for this assessment.

18:40 IST BSE
Board Meeting Date

Tata Motors Board Meeting Date

Tata Motors has scheduled a board meeting for October 23, 2026, to approve its audited standalone and unaudited consolidated financial results for the quarter ending September 30, 2026.

11:45 IST NSE
Business Update

Tata Motors Business Update

Tata Motors (CV) announced up to 1% price increase on commercial vehicles effective October 2026, citing rising commodity costs. No absolute monetary value was disclosed.

23:12 IST NSE
Merger & Restructuring

Tata Motors Merger & Restructuring

Tata Motors Limited is issuing notices to its shareholders and creditors regarding the Composite Scheme of Amalgamation with its wholly-owned subsidiaries, TMF Holdings and TMF Business Services.

14:17 IST BSE
Employee Stock Options

Tata Motors Employee Stock Options

Tata Motors allotted 89,048 ESOP shares at ₹2 exercise price to eligible employees. Paid-up capital increased to ₹736.56 Crore post-allotment.

01:30 IST BSE
Acquisition

Tata Motors Acquisition Worth ₹41,638 Cr

Tata Motors announced a voluntary tender offer to acquire Iveco Group for approximately EUR 3.82 billion (approx. ₹41,638 Crore). This deal targets global leadership in commercial vehicles.

Value
₹41,638 Cr