Mumbai, India – Tata Motors Passenger Vehicles Ltd. (formerly Tata Motors) has reported its financial results for the first quarter of fiscal year 2027, ending June 2026. The company posted a consolidated net profit after tax of Rs 859 crore, a notable decrease from the Rs 2597 crore recorded in the same period last year.
Revenue Growth and Domestic Performance
During the June 2026 quarter, the company's total revenue rose by a solid 9.3% year-on-year, reaching Rs 95,799 crore. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) saw a 7.4% surge, with the margin improving by 130 basis points. The EBIT margin also increased by 90 basis points, settling at 2.4%.
The domestic business segment demonstrated exceptional strength, clocking an impressive 65% year-on-year revenue growth. However, the overall improvement in margins was somewhat moderated by elevated commodity prices and adverse foreign exchange movements.
JLR Wholesales Face Headwinds
In contrast to the strong domestic performance, Jaguar Land Rover (JLR) wholesales experienced a 9.2% year-on-year decline. This downturn was attributed to several temporary supply constraints, including a fire at a critical component supplier, geopolitical tensions in the Middle East, and the planned wind-down of the Jaguar brand.
Beyond reduced volumes, JLR’s year-on-year profitability was also impacted by persistently elevated Variable Marketing Expenses (VMEs). These negative effects were partially offset by favorable structural cost adjustments within the luxury vehicle division.
Leadership Commentary and EV Growth
Shailesh Chandra, Managing Director & CEO of Tata Motors Passenger Vehicles Limited, commented on the results: “Q1 FY27 marked a strong start to the year for Tata Motors PV, with industry-beating 46% YoY volume growth driven by robust customer demand and the success of our recent launches.”
Chandra further highlighted the company's continued leadership in electric mobility. “Our leadership in electric mobility strengthened further, with record quarterly EV volumes of over 34,000 units and 112% YoY growth,” he added, underscoring the significant expansion in the electric vehicle segment.