ALFA Finder| Revenue growth | Consolidated revenue grew 19% YoY, driven by 26% volume growth. |
|---|---|
| Margins | EBITDA margins moderated slightly to 10.9% due to higher raw material costs. |
| Order book | Includes 70,000 unit Indonesia order and 4,500+ government electric bus orders. |
| Demand visibility | Strong domestic fundamentals; July demand remained robust despite monsoon seasonality. |
| Management confidence | Balanced and realistic regarding commodity headwinds and supply chain constraints. |
Growth
Growth is volume-led; CV wholesales hit 108.7K units, up 26%. Revenue reached ₹20.7K Cr consolidated.
Outlook
Guided double-digit growth for Q2; executing 70k unit Indonesia order over FY27-28.
Risks
Commodity inflation in steel and rubber remains a persistent margin headwind; supply chain bottlenecks for EV cells.
Last quarter's promises, checked
Delivered
- Guided single-digit growth in Q1 → delivered 26% volume growth (= BEAT)
- Guided investment 2% to 4% of revenue → delivered 2.5% (= BEAT)
- Guided execution of Indonesia order → delivered first shipment on sea (= BEAT)
Partly delivered
- Guided Q2 FY27 Iveco transaction closure → pending regulatory approvals (= PARTIAL)
Missed
- Guided teens EBITDA margin → delivered 10.9% (= MISS)
Earnings Call Transcript filed with BSE, NSE: TMCV. Summary written with AI assistance from the document.
Tata Motors Ltd: key numbers
- Share price
- ₹446.05
- Market cap
- ₹1,64,273 Cr
- Revenue (annual)
- ₹83,855 Cr
- Net profit (annual)
- ₹3,030 Cr
- P/E (TTM)
- 26.0×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.
More from Tata Motors Ltd
All →Tata Motors Acquisition Worth ₹2,726 Cr
Tata Motors' subsidiary reached 96.25% of Iveco Group via a reopened tender. Payment at EUR 14.40 per share is due 13 November 2026, followed by a squeeze-out.
- Value
- ₹2,726 Cr
Tata Motors Acquisition Worth ₹2,795 Cr
Tata Motors' subsidiary reached about 96.29% of Iveco Group's shares in a reopened tender offer. Tendered shares worth ₹2,794.69 Crore are payable November 13, 2026.
- Value
- ₹2,795 Cr
Tata Motors Business Update
Tata Motors reported October 2026 commercial vehicle sales of 47,652 units, up 27% year-on-year. Domestic sales rose 13% to 39,784 units, with international business up 225%.
Tata Motors Management Change
B S R & Co. LLP resigned as statutory auditor, citing Iveco group alignment. Deloitte Haskins & Sells LLP was appointed to fill the vacancy.
Tata Motors Employee Stock Options
Tata Motors allotted 41,981 equity shares under its Share-based Long Term Incentive Scheme on exercise of performance share units at ₹2 each. Paid-up capital rises to ₹7,36,56,62,666 across 3,68,28,31,333 shares.
Tata Motors Bags New Order from Amazon
Tata Motors secured a 3,000 electric truck order from Amazon for its Indian logistics network. Initial rollout begins in Delhi, expanding to the 2,800-km NH48 corridor.
- From
- Amazon
- electric trucks deployed
- 3000 trucks