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Earnings Call Transcript

Tata Motors Earnings Call Transcript: Key Takeaways

Tata Motors Limited delivered structural EBITDA expansion to 13.2% in FY26. Management is pivoting to a pure-play CV entity but flags severe commodity and geopolitical headwinds for FY27.

Why this was an Alfa AlertEBITDA Margin beat own guidance: guided 10.0–12.0, achieved 13.2 (+10.0% above upper end, mgmt confirmed).
Guidance and delivery
EBITDA Margin: guided vs achieved 13.20% achieved Guided 10.00%–12.00%, 10.0% above the top of the range; confirmed by management
Management target Revenue FY27
Highlights
Revenue growth11% YoY growth in FY26 standalone revenue.
MarginsStructural expansion to 13.2% EBITDA, record double-digit exit in Q4.
Order bookLarge 70,000 unit Indonesia order and 5,000 unit bus tender.
Demand visibilityStrong domestic consumption; H2 recovery expected despite muted Q1.
Management confidenceBalanced, though cautious regarding near-term commodity inflation and exports.

Growth

FY26 revenue grew 11% YoY; EBITDA doubled to 10,200 Cr through pricing discipline and mix.

Outlook

Guidance remains in 'teens' for EBITDA; FY27 Capex maintained at 2-4% of revenue.

Risks

Rising commodity prices and sub-normal sentiment in MENA regions pose Q1 FY27 margin risks.

Source

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

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Tata Motors Ltd: key numbers

Share price
₹441.50
Market cap
₹1,62,595 Cr
Revenue (annual)
₹83,855 Cr
Net profit (annual)
₹3,030 Cr
P/E (TTM)
38.8×Sector 33.6×
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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