Tata Motors shares jump 6% after strong Q1; Nomura upgrades stock, CLSA retains Outperform rating
Tata Motors shares jumped after Q1 FY27 net profit surged 83% YoY to Rs 2,560 crore, aided by mark-to-market gains on Tata Capital investments. Revenue rose 19% YoY to Rs 20,667 crore.
Tata Motors shares surged by 6% to reach a high of Rs 485 on the BSE following the company's impressive Q1 results for FY27. The commercial vehicle major reported a significant jump in net profit, increasing to Rs 2,560 crore, up 83.3% from Rs 1,397 crore in the same period last year. The boost in profit was primarily driven by a mark-to-market gain on investments in Tata Capital.
Tata Motors' revenue from operations stood at Rs 20,667 crore, marking a 19% increase from Rs 17,324 crore in the same quarter of the previous financial year. For Q1, the company's EBITDA rose to Rs 2,300 crore, up 10% YoY, while the EBITDA margin stood at 10.9%, down by 90 basis points. The decline in margins can be attributed to a 13% YoY rise in total expenses.
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