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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.

Read the document ↗

Tata Motors Ltd: key numbers

Share price
₹433.55
Market cap
₹1,59,669 Cr
Revenue (annual)
₹83,855 Cr
Net profit (annual)
₹3,030 Cr
P/E (TTM)
25.3×Sector 33.1×
Promoter holding
42.51%-0.05% QoQ
FII holding
19.02%Current quarter

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

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