Tata Motors Passenger Autos (TMPV), which now homes the corporate’s passenger car, electrical car (EV), and Jaguar Land Rover (JLR) companies following the current demerger, introduced its September quarter efficiency (Q2FY26) at the moment, reporting a 25-fold surge in web revenue to ₹76,248 crore as a consequence of a one-time achieve of ₹82,616 crore associated to the demerger of the business autos unit.
Nevertheless, excluding this achieve, the corporate reported a lack of ₹6,368 crore, as total efficiency was dragged down by a steep fall in JLR volumes. The automaker had reported a web revenue of ₹3,056 crore within the year-ago quarter.
The consolidated income from operations for the reporting quarter stood at ₹71,714 crore, down 13.4% from ₹82,841 crore within the year-ago interval. Sequentially too, income declined 18% from ₹87,141 crore posted within the previous quarter.
Income at JLR, which accounts for about two-thirds of Tata Motors’ total enterprise, declined 24.3%, whereas income from the home passenger car section grew 15.6% YoY to ₹13,500 crore.
On the working stage, the corporate posted an EBITDA lack of ₹1404 crore, a pointy drop from ₹9,914 crore posted in September 2024 quarter.
JLR revises downward FY26 margin forecast on operational disruptions
The corporate lower its fiscal 2026 margin goal for its Jaguar Land Rover unit, decreasing its EBIT margin outlook to 0–2% for the yr because the enterprise grapples with the influence of the cyber incident, the deliberate wind-down of legacy Jaguar fashions, US tariff pressures, lowered volumes and better VME.
JLR’s income dropped 24.3% year-on-year to £4.9 billion in Q2 FY26, hit by the cyber incident and the deliberate wind-down of legacy Jaguar fashions. The corporate posted a loss earlier than tax and distinctive objects of £485 million for the quarter, in comparison with a revenue of £398 million a yr earlier.
EBIT margin fell sharply to –8.6% from 5.1% final yr, weighed down by the cyberattack, US tariffs, decrease volumes, and better advertising bills.
JLR additionally reported a loss after tax of £559 million in Q2, versus a £283 million revenue in the identical interval final yr, together with £238 million in distinctive expenses associated to the cyber incident and voluntary redundancies. Free money outflow stood at £791 million for the quarter.
Disclaimer: The views and proposals made above are these of particular person analysts or broking corporations, and never of Mint. We advise buyers to verify with licensed specialists earlier than making any funding selections.
