Tata Motors PV Q1 Results: Net profit plunges 80% YoY to Rs 775 crore, revenue rises 9%

Tata Motors Passenger Vehicles reported a staggering 80% year-on-year decline in net profit to Rs 775 crore for the April-June quarter of FY27, as it faced supply constraints, a fire at a key component supplier, Middle East conflict, and Jaguar's planned wind-down. However, revenue from operations surged 9% YoY to Rs 95,799 crore, growing from Rs 87,677 crore in the same period last year.

EBITDA margin contracted by 130 basis points to 7.4%. The profit for the quarter included an exceptional loss of Rs 32 crore, whereas the same figure for Q1 FY26 was Rs 47 crore. Earnings per share shrank to Rs 2.10 from Rs 6.84 per share in the previous year.

Jaguar Land Rover, on the other hand, saw a 9% YoY drop in sales, impacted by supply constraints, market disruptions due to the Middle East conflict, and the planned wind-down of outgoing Jaguar models. Consequently, the company's revenue fell nearly 10% YoY to £6 billion. Despite the challenges, Jaguar Land Rover delivered first quarter profits of £109 million and an adjusted EBIT margin of 2.8%.

The CEO, PB Balaji, expressed gratitude to the company's people, suppliers, and retail partners for their dedication and resilience.