TMPV Tata Motors Passenger Vehicles Q3 FY26 results (Oct–Dec 2025) and concall
Tata Motors Passenger Vehicles Limited reported a challenging Q3 FY26, with consolidated revenue down 26% YoY to ~Rs. 70,000 Cr and a group net debt of ~Rs. 39,000 Cr, largely due to a cyber incident at JLR that impacted production. Despite this, the India PV business showed strong performance with 24% topline growth, significant EV volume expansion, and a successful Sierra launch. JLR is focused on normalizing production and navigating a difficult China market, while the India business aims to sustain growth through new launches and cost optimization.
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What they filed
Q3 FY26: revenue up 25.8%, net profit down 115.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|
| Revenue | 12,055 | 12,141 | 12,977 | 11,038 | 12,955 +7% | 15,268 +26% |
| EBITDA | 749 | 644 | 819 | 375 | 507 −32% | 689 +7% |
| Net profit | 661 | 1,471 | 1,593 | 5,266 | 82,081 +12318% | -233 −116% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.
