BSEResult6d ago · 13 Aug 2026, 04:06 pm
Pursuant to Regulations 33 and 52 of the SEBI (LODR) Regulations, 2015, we are enclosing herewith the Financial Results for the first quarter ended June 30, 2026.
Tata Motors Passenger Vehicles Ltd · 500570
✦ AI SummaryResults
Tata Motors Passenger Vehicles Ltd reported Q1 FY27 results with revenue of ₹95.8K Cr, EBITDA of ₹7.1K Cr, and PBT (bei) of ₹1.6K Cr. JLR revenue was down 9.6% YoY due to supply constraints and market disruption, while domestic business delivered a strong revenue growth of 65% YoY.
Analysis Scores
Earnings Impact5/10
Growth Catalyst6/10
Governance Concern1/10
Regulatory Risk1/10
Balance Sheet Risk4/10
Liquidity Impact8/10
Market Sentiment5/10
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Tata Motors Passenger Vehicles Ltd - 500570 - Intimation Of Outcome Of Board Meeting Under Regulations 33 And 52 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015
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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 (E), Mumbai 400 051
August 13, 2026
Sc no. - 18972
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 with further reference to our letter bearing sc no. 18959 dated July 21, 2026,
we wish to inform you that the Board of Directors of Tata Motors Passenger Vehicles Limited (formerly Tata
Motors Limited) (‘the Company’) at its Meeting held today, i.e., August 13, 2026 has, inter alia, approved the
Audited Standalone Financial Results along with Auditor’s Report thereon and the Unaudited Consolidated
Financial Results along with 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.cars.tatamotors.com.
The Board Meeting commenced at 11:30 a.m. (IST) and concluded at 3:40 p.m. (IST).
Thanking you.
Yours faithfully,
Tata Motors Passenger Vehicles Limited
(formerly Tata Motors Limited)
Maloy Kumar Gupta
Company Secretary & Chief Legal Officer
Encl: as above
Tata Motors Passenger Vehicles Group Results Q1 FY27 August 13, 2026
Tata Motors Passenger Vehicles Limited (formerly Tata Motors Limited)
Consolidated Q1 FY27 Results
RESILIENT START TO THE YEAR, SUPPLY CHAIN HEADWINDS AND COMMODITY PRESSURES PERSIST
Consolidated Revenue ₹95.8K Cr (+9.3%), EBITDA ₹7.1K Cr, PBT (bei) ₹1.6K Cr (-2.3K Cr), FCF ₹(11.8)K Cr (vs PY)
• JLR Revenue £6.0bn (-9.6%), EBITDA Margin 8.1% (-120 bps), EBIT Margin 2.8% (-120 bps)
• Tata PV Revenue ₹17.9K Cr (+64.8%), EBITDA Margin 4.3% (+30 bps), EBIT Margin -0.5% (+230bps)
Mumbai, Aug 13, 2026: Tata Motors Passenger Vehicles Ltd. (TMPVL) announced its results for quarter ended June 30, 2026.
Performance:
Consolidated: In Q1 FY27, TMPVL delivered revenues of ₹95.8K Cr (+9.3%), EBITDA margin of 7.4% (-130 bps YoY) and EBIT margin of
2.4% (-90 bps YoY). JLR wholesales were down 9.2% YoY on account of temporary supply constraints, including a fire at a key
component supplier, Middle east conflict and planned Jaguar wind-down. In addition to the impact of reduced volumes, JLR’s YoY
profitability was impacted as VMEs continued to remain elevated, partially offset by favourable structural costs. The domestic business
delivered a strong revenue growth of 65% YoY, however elevated Commodities & FX moderated improvement in margins.
Consolidated PBT (bei) stood at ₹1.6K Cr and the PAT was ₹0.9K Cr. The Consolidated FCF was ₹(11.8)K Cr primarily on account of
seasonal working capital impact, resulting in Net Debt of ₹42.2K Cr.
Looking Ahead:
Implications from global geopolitical developments and luxury segment trends continue to be key monitorable. For JLR, this remains
an exciting year as it expands its portfolio into BEVs with the expected launch of four new products in the coming months. On the
domestic front, while commodities are expected to remain elevated, demand remains healthy with rising EV penetration. The business
will focus on revenue growth whilst remaining prudent with increased focus on cost reductions and calibrated price actions.
Dhiman Gupta, Chief Financial Officer, TMPVL said:
“Q1 FY27 was a quarter where we focused on carrying forward the growth momentum in the domestic business and preparing for an
important transition year at JLR. Some of the challenges of FY26 i.e. supply constraints and elevated commodities / FX continued to
impact performance in Q1 FY27. We delivered a resilient quarter and are confident to drive growth through new launches, debottleneck
supply constraints, and take focused actions to deliver margin improvements.”
Media Contact information
Tata Motors Passenger Vehicles Corporate Communications : pvcomms@tatamotors.com
To know more, please visit cars.tatamotors.com
Page 1 of 3
72YF
Consolidated Jaguar Land Rover Tata Passenger Vehicles
(₹ Cr, Ind AS) (£m, IFRS) (₹Cr, Ind AS)
Q1 FY27 Vs. Q1 FY26 Q1 FY27 Vs. Q1 FY26 Q1 FY27 Vs. Q1 FY26
Revenue 95,799 9.3% 5,973 (9.6) % 17,930 +64.8%
EBITDA (%) 7.4 (130)bps 8.1 (120)bps 4.3 +30 bps
EBIT (%) 2.4 (90)bps 2.8 (120)bps (0.5) +230 bps
PBT (bei) 1,606 ₹(2,344) Cr 109 £ (242) m 11.0 +₹134 Cr
Tata Motors Passenger Vehicles Group Results Q1 FY27 August 13, 2026
JAGUAR LAND ROVER (JLR)
Financial Highlights
• Volumes were impacted by temporary supply constraints, including a fire at a major component supplier at the start of
the quarter, market disruption linked to the conflict in the Middle East and planned wind-down of outgoing Jaguar
models ahead of the launch of Jaguar Type 01
• Consequently, revenue for Q1 FY27 at £6.0 bn was down 9.6% YoY, reflecting a 9.2% reduction in wholesale volumes
• In addition to the impact of reduced volumes, profitability was impacted by market conditions pushing retail VME up
from 4.1% to 7.1%
• Range Rover, Range Rover Sport and Defender model mix improved to 80.8% in Q1 FY27 from 77.2% YoY
• Adjusted EBIT margin for Q1 FY27 was 2.8%, down from 4.0% YoY.
• PBT (bei) for Q1 FY27 was £109m, down 68.9% YoY, also impacted by adverse FX and other revaluations
• PAT for Q1 FY27 was £66m, down from £248m YoY
• Despite the supply constraints and market disruption faced by the business, the first quarter has been profitable.
• FCF for Q1 FY27 was £(998)m with a closing cash balance of £1.7bn
• Total liquidity at end of Q1 FY27 was £5.9bn, including the undrawn £1.7bn RCF, an undrawn £1.5bn UKEF guaranteed
commercial loan and a £1.0bn undrawn tranche of a £2.0bn syndicated term loan
Business Highlights
• At its June investor day, JLR announced a target of double-digit revenue growth over the next five years through greater
propulsion flexibility and refocusing strategic intent on North America
• Operating efficiencies announced as part of JLR’s Enterprise Missions will begin to deliver the £1.7bn savings anticipated
over two years; more detail will follow with Q2 results
• JLR and Stellantis signed a MoU to explore opportunities to collaborate on new products for the Defender brand
specifically designed for the US market
• JLR unveiled a new concept demonstrator vehicle showcasing the company’s latest progress in circular
design, low-carbon engineering and next-generation material innovation
• Production of the first CJLR Freelander began on 30 July at the joint venture plant in Changshu, China
House of Brands
• Range Rover returned to The Championships, Wimbledon, unveiling its fully electric model
• A Range Rover Sport Electric prototype was revealed at Goodwood Festival of Speed, achieving critical acclaim from
journalists
• The newest member of the Range Rover family - Range Rover GT- was revealed as an electric grand tourer, based on
JLR's EMA architecture, with plans to provide flexibility in the future through a full HEV propulsion offering
• Defender showcased the 2026 Dakar Rally-winning D7X-R on the Goodwood hill climb and off-road arena, following its
historic W2RC Stock class victory
• A prototype of Jaguar Type 01 appeared ahead of Monaco ABB FIA Formula E race and at Goodwood Festival of Speed
• Jaguar TCS Racing showcased its all-new GEN4 race car – the future of the ABB FIA Formula E World Championship
PB Balaji, Chief Executive Officer, said:
"JLR delivered first quarter profits of £109m and an adjusted EBIT margin of 2.8%. Despite the near-term industry challenges,
we continue to see strong demand for our brands and look forward to the launch of four sensational new products in the
coming months:
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