| 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
- ₹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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