BSEResult5d ago · 12 Aug 2026, 03:52 pm
Pursuant to Regulation 33 and 52 and other applicable Regulations of the SEBI Listing Obligations read with Schedule III thereof, we hereby inform you that the Board of Directors of the ....
Tata Motors Ltd · 544569
✦ AI Summary▲ PositiveResults
Tata Motors Ltd reported Q1 FY27 results with revenue of ₹19.3K Cr (+23%), EBITDA of ₹2.3K Cr (+17%), and PBT (bei) of ₹2.1K Cr (+26%). The company also announced the acquisition of an additional 18.1% stake in Freight Tiger, bringing its total holding to 63.6%. The company's domestic CV VAHAN market share for Q1FY27 stood at 36.8%, growing 100 bps sequentially.
Analysis Scores
Earnings Impact8/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk2/10
Liquidity Impact8/10
Market Sentiment9/10
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Tata Motors Ltd - 544569 -
Outcome Of The Board Meeting - Results
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BSE Limited National Stock Exchange of India Ltd.
Phiroze Jeejeebhoy Towers, Exchange Plaza, C-1, Block G,
Dalal Street, Fort, Bandra Kurla Complex,
Mumbai 400 001 Bandra (East), Mumbai 400 051
August 12, 2026
Sc no. - 106
Dear Sir/Madam,
Re: Intimation of outcome of Board Meeting under Regulations 33 and 52 of the SEBI (Listing
Obligations and Disclosure Requirements) Regulations 2015 (‘SEBI Listing Regulations’)
Pursuant to Regulations 33 and 52 and other applicable Regulations of the SEBI Listing Regulations read with
Schedule III thereof and further to our letter bearing sc no.102 dated July 23, 2026, we hereby inform you that
the Board of Directors of Tata Motors Limited (formerly TML Commercial Vehicles Limited) (‘the Company’) at
its Meeting held today, i.e., August 12, 2026 has, inter alia, approved the Audited Standalone Financial Results
along with Auditor’s Report thereon and the Unaudited Consolidated Financial Results along with the Limited
Review Report thereon, for the first quarter ended June 30, 2026 (‘Financial Results’).
The aforesaid Financial Results and Reports, along with a copy of the Press Release pertaining thereto for
the first quarter ended June 30, 2026, are enclosed herewith.
The above information is being made available on the Company’s website at www.cv.tatamotors.com
The Board Meeting commenced at 11:30 a.m. (IST) and concluded at 3:35 p.m. (IST).
Thanking you.
Yours Faithfully,
Tata Motors Limited
(formerly TML Commercial Vehicles Limited)
Ranjan Kumar
General Counsel & Company Secretary
Encl: as above
Tata Motors Limited Results Q2 FY26 November 13, 2025
Tata Motors Limited (formerly TML Commercial Vehicles Ltd.) Q1 FY27 Results
Robust revenue and profit growth; resilient margin delivery despite commodity headwinds
Standalone Revenue ₹19.3K Cr (+23%), EBITDA ₹2.3K Cr (+17%), PBT (bei) ₹2.1K Cr (+26%) FCF ₹1.1K Cr (up ₹2.9K Cr)
Mumbai, Aug 12, 2026: Tata Motors Ltd. (TML) announced its results for quarter ending June 30, 2026.
Standa lone* Consolidated
Particulars
Q1 FY26 Q1 FY27 YoY Q1 FY26 Q1 FY27 YoY
Revenue (Rs. Cr.) 15,682 19,329 3,647 (+23%) 17,324 20,667 3,343 (+19%)
EBITDA % 12.3% 11.7% (60) bps 11.8% 10.9% (90) bps
EBIT % 9.6% 9.4% (20) bps 9.3% 8.5% (80) bps
PBT (bei) (Rs. Cr.) 1,635 2,057 422 (+26%) 1,684 3,049 1365 (+81%)
FCF (Rs. Cr.) (1,796) 1,114 2,910 (1,954) 359 2,313
*Including Cummins JO
Summary:
Tata Motors (Standalone) delivered yet another strong quarter with healthy revenue and profitability growth. Quarterly
revenue came in at ₹19.3K Cr (+23%), EBITDA at ₹2.3K Cr (+17%) and EBITDA margin at 11.7% (-60 bps). PBT (bei) for the
quarter stood at ₹2.1K Cr (+26%) and Profit after tax was ₹1.5K Cr. Despite severe commodity headwinds, the business
delivered resilient profitability owing to disciplined pricing, cost efficiency measures and improved operating leverage.
Strong operational performance and continued efficient working capital management resulted in positive Free Cash Flow
of ₹1.1K Cr (+₹2.9K Cr) in the first quarter.Net cash for the domestic business stood at ₹7.1K Cr as of June 30, 2026, post
dividend payout of ₹1,473 Cr in the quarter. Auto ROCE continues to be robust for the quarter and stood at 68% (72% in
FY26).
Consolidated financials: Consolidated revenues for Q1 FY27 stood at ₹20.7K Cr (+19%), EBITDA at ₹2.3K Cr (+10%) and
EBITDA margin came in at 10.9% (-90 bps). PBT (bei) for the quarter was ₹3.0K Cr (+81%) and Profit after tax stood at ₹2.6K
Cr (+83%), led by mark to market gain on investments in Tata Capital Ltd. As at June 30, 2026, the Company was Net Cash
positive at ₹13.5K Cr. This includes TMF Holdings gross debt less market value of TMF Holdings investments in Tata Capital
Ltd.
Corporate Actions:
Iveco update: The regulatory approvals are in the final stage, with only one pending approval to be received by the
Company. All the queries of the competent authority have been addressed, and the final clearance is expected to be
received by end of August 2026. Accordingly, the Tender Offer is expected to be launched in early September 2026 with
an expected closure by early November 2026.
Freight Tiger Subsidiarization: Freight Tiger is now a subsidiary with the acquisition of an additional ~18.1% equity stake
in May 2026 for ₹95.66 Cr bringing its total holding to ~63.6%. This acquisition is aimed at bringing together FleetEdge and
Freight Tiger to forge a comprehensive end-to-end digital ecosystem for the entire logistics value chain, covering both the
trucks and the trip ecosystem.
Page 1 of 2
Tata Motors Limited Results Q2 FY26 November 13, 2025
Business Highlights for the quarter:
• Total wholesales for Q1 FY27 stood at 108.7K units (+26%)
• Domestic & Export volumes were up 26% and 35% YoY respectively
• Overall domestic CV VAHAN market share for Q1FY27 stood at 36.8%, growing 100 bps sequentially
Category wise market shares - HCV 56.3%, ILMCV 36.9%, SCV PU 27.7%, CV Passenger 41.3%
• Strengthened eCV leadership with over 3,400 electric vehicle orders across segments
• Launched Ace Gold+ XL, Intra V40, Intra EV, expanding the SCV portfolio across ICE, CNG and EVs
• Initiated deliveries against Indonesia order
• Achieved 10 Lakh Commercial Vehicles Production Milestone at Lucknow Plant
• Partnered with HPCL to develop a scalable circular economy model for used automotive lubricants
• Tata Motors Foundation’s Integrated Village Development Programme reaches nearly 200 villages nationwide
Girish Wagh, MD & CEO, Tata Motors Ltd. said:
"The commercial vehicle industry remained resilient in Q1 FY27, supported by India's strong economic fundamentals,
healthy fleet utilization, and sustained demand across key sectors. Tata Motors delivered a strong quarter, with volumes
growing 26% year-on-year, driven by a winning portfolio, focused market interventions, and disciplined execution. These
efforts helped us strengthen customer preference and further consolidate our market position.
Our ecosystem-led approach to electrification continued to gain momentum, reflected in a growing order pipeline across
segments. The eSCV segment recorded its strongest-ever performance, achieving ~10% salience during May and June and
~47% market share in Q1, underscoring the increasing adoption of electric commercial vehicles and the strength of our
integrated EV ecosystem.
Looking ahead, supported by a robust product portfolio, continued innovation, and a relentless focus on delivering better
customer value, we remain confident of strengthening our market leadership and delivering sustainable, profitable growth
in the following quarters."
GV Ramanan, CFO, Tata Motors Ltd. said:
“Q1FY27 was a strong quarter, with healthy growth in revenue, profitability and an EBITDA margin of 11.7% despite severe
commodity headwinds amidst geopolitical tensions. Free cash flow for the quarter was robust at ₹1.1K crore. This
performance reflects improved business fundamentals, continued working capital management, and sustained financial
discipline across the organization. While commodity pressure continues to persist, we remain confident in our ability to
navigate the environment through operational efficiencies, pricing discipline, and proactive supply chain management to
deliver resilient margins and profitable growth.”
–ENDS–
Page 2 of 2
BS R & Co. LLP 14th Floor, Central B Wing and North C Wing
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Chartered Accountants
Goregaon (East), Mumbai - 400 063, India
Telephone: +91 (22) 6257 1000
Fax: +91 (22) 6257 1010
lndeoendent Auditors Reoort
To the Board of Directors of Tata Motors Limited (formerly TML Commercial
Vehicles Limited)
Report on the audit of the Standalone Financial Results
Opinion
We have audited the accompanying standalone quarterly financial results ofTata Motors Limited (formerly
TML Commercial Vehicles Limited) ("the Company") for the quarter ended 30 June 2026 ("the Standalone
Financial Results"), (in which are included consolidated interim fina
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