Tata Motors PV Profit Plunges 80% To ₹775 Crore, Revenue Rises 9.3% To ₹95,799 Crore

Tata Motors Passenger Vehicles Limited witnessed a significant decline in its first quarter earnings for the fiscal year 2027. The company's net profit plummeted by 80.3 percent, falling to Rs 775 crore from Rs 3,924 crore in the same period last year, as reported in its regulatory filing. Despite this drop in profit, consolidated revenue managed to increase by 9.3 percent, reaching Rs 95,799 crore.

However, the company's operational performance appeared weak with a decline in EBITDA, which decreased by 17.2 percent to Rs 6,326 crore from Rs 7,639 crore in the previous year. The EBITDA margin also narrowed to 6.6 percent from 8.7 percent, indicating that higher revenue did not translate into better profitability.

Shailesh Chandra, Managing Director and Chief Executive Officer of Tata Motors Passenger Vehicles, highlighted a strong start to the financial year, attributing the growth in passenger vehicle volumes to robust customer demand and the company's recent product launches. Electric vehicle sales reached a record quarterly level of more than 34,000 units, marking a 112 percent increase from the same period last year.

Chandra also mentioned that new versions of the Tiago and Punch received a favorable response from customers, with healthy bookings across petrol, CNG, and electric variants. This surge in EV adoption across various vehicle segments, he asserted, signifies that electric mobility is gaining mainstream acceptance in India.

Dhiman Gupta, Chief Financial Officer of Tata Motors Passenger Vehicles, emphasized the company's focus on sustaining growth in its domestic business throughout the quarter. Additionally, preparations for a crucial transition year at Jaguar Land Rover, a significant component of the group's consolidated operations, were ongoing.