Tata Motors Passenger Vehicles Ltd (TMPV) faced a significant dip in its consolidated net profit for the fourth quarter ended March 2026 (Q4 FY26). The company announced a profit of ₹5,783 crore, marking a 31.72% year-on-year decline compared to ₹8,470 crore in the same quarter last year.
Despite the fall in profit, TMPV's revenue from operations showed positive growth, rising 7.19% year-on-year to ₹1,05,447 crore in the March 2026 quarter, up from ₹98,377 crore a year earlier. Total expenses for Q4 FY26 increased by 11.74% to ₹1,00,047 crore, compared to ₹89,535 crore in the corresponding period last year.
Strong Performance in PV and EV Segments
Shailesh Chandra, Managing Director & CEO at TMPV, highlighted the robust performance of the passenger vehicle (PV) and electric vehicle (EV) businesses. “PV and EV volumes were 201.8K units (+37 per cent YoY), with quarterly revenues of Rs 18.7K Cr (+49 per cent YoY), EBITDA and EBIT margins of 9.4 per cent (+150 bps YoY) and 4.7 per cent (+310 bps YoY), respectively, driven by favourable volumes, mix and operating leverage, despite a challenging pricing and cost environment,” Chandra stated.
He further elaborated on annual achievements, noting, “We achieved our highest ever annual sales of over 6.4 lakh units, delivering industry beating growth of 15 per cent YoY and emerging as the #2 ranked player in H2 FY26.” The EV segment also saw significant growth, reinforcing its leadership position with a 43% year-on-year increase and over 92,000 annual EV volumes.
Outlook and Dividend Announcement
Looking ahead, TMPV anticipates sustained domestic demand, particularly in SUVs, CNG, and EVs. The company plans to ramp up production to meet this demand and expects to continue delivering profitable growth in FY27, supported by new product pipelines and a multi-powertrain strategy. However, geopolitical developments remain a key monitorable for potential supply-side and commodity price risks.
Alongside the earnings report, Tata Motors' Board recommended a final dividend of ₹3 per equity share of face value ₹2 each. This translates to a 150% payout for the financial year ended March 31, 2026. The dividend, if approved at the Annual General Meeting (AGM), is scheduled to be paid to eligible shareholders on or before July 14, 2026. These results and the dividend announcement were made after market hours on Thursday.