Tata Motors Passenger Vehicles Q4 FY26 results (Jan–Mar 2026) and concall

Automobile and Auto Components · Concall AI · Call held 20 May 2026

Company page: Tata Motors Passenger Vehicles share price, financials & guidance record

TMPV reported a strong Q4 FY26, with both India PV and JLR showing significant recovery and growth, particularly in volumes and cash flow. However, JLR's full-year performance was impacted by earlier production losses, and both businesses face ongoing challenges from commodity headwinds and geopolitical uncertainties. The company is focused on cost reduction, new product launches, and EV expansion to drive future growth and profitability.

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What they filed

Q4 FY26: revenue up 43.3%, net profit down 71.4% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	12,055	12,141	12,977	11,038	12,955 +7%	15,268 +26%	18,598 +43%
Expenses	11,306	11,497	12,158	10,663	12,448	14,579	17,539
EBITDA	749	644	819	375	507 −32%	689 +7%	1,059 +29%
Margin	6%	5%	6%	3%	4%	5%	6%
Other income	938	1,595	1,579	6,466	82,650	-424	382
Interest	89	80	53	69	65	35	77
Depreciation	634	678	734	637	636	725	734
Profit before tax	964	1,481	1,611	6,135	82,456 +8454%	-495 −133%	630 −61%
Tax rate	31%	1%	1%	14%	0%	-53%	28%
Net profit	661	1,471	1,593	5,266	82,081 +12318%	-233 −116%	455 −71%
EPS	1.80	4.00	4.33	14.30	222.91	-0.63	1.24

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.

What they filed

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