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Earnings Call

Tata Motors Earnings Call: Key Takeaways

Tata Motors CV business transitions to a pure-play commercial vehicle entity, delivering record FY26 profits and structural margin expansion driven by non-cyclical revenue and volume growth.

Highlights
Revenue growth11% YoY revenue growth driven by volume and favorable product mix.
MarginsStructural expansion to 13.9% Q4 EBITDA margin; record double-digit EBIT.
Order bookSignificant 70,000 unit order from Indonesia and 5,000 domestic bus orders.
Demand visibilityStrong domestic fundamentals; cautious outlook for MENA and export markets.
Management confidenceBalanced tone focusing on structural improvements despite near-term macro headwinds.

Growth

FY26 revenue grew 11% YoY; EBITDA doubled to ₹10,200cr with margins expanding 540bps over three years to 13.2%.

Outlook

Guidance maintained at 2-4% capex-to-revenue; focus on FY27 market share recovery in buses and LCVs.

Risks

Rising commodity costs (Steel, Copper) and MENA geopolitical instability threatening export momentum.

Source

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

Read the document ↗

Tata Motors Ltd: key numbers

Share price
₹456.40
Market cap
₹1,68,084 Cr
Revenue (annual)
₹83,855 Cr
Net profit (annual)
₹3,030 Cr
P/E (TTM)
26.6×Sector 32.5×
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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