The corporate’s income from operations for the quarter was Rs 71,714 crore, down 13% from Rs 82,841 crore within the corresponding quarter of the earlier monetary 12 months.
This was Tata Motors PV’s first quarterly earnings report following the demerger of its business car enterprise.
“Having recorded the switch of the belongings and liabilities, as aforesaid, the Demerged Firm has made obligatory changes for the sake of compliance with Indian Accounting Requirements (“Ind AS”) notified beneath Part 133 of the Corporations Act, 2013, particularly Appendix A to Ind AS 10 ‘Distribution of Non money belongings t o House owners’, and has created a legal responsibility at t he truthful worth of the Demerged Enterprise with achieve within the revenue assertion (web of belongings and liabilities transferred) with the corresponding debit to the Retained Earnings and extinguishing the legal responsibility of “82,616 crores,” the corporate’s submitting to the exchanges stated.
The corporate clarified that this one-time achieve was booked within the consolidated outcomes and has no affect on web price; accordingly, it’s not thought of for EPS calculation.
The corporate had reported a bottomline of Rs 3,924 crore in Q1 FY26, with a topline of Rs 87,141 crore, down 18% on a sequential foundation.Tata Motors’ Passenger Autos section reported an EBIT of detrimental Rs 4,900 crore, down Rs 8,800 crore year-on-year.The corporate stated its efficiency was considerably impacted by the cyber incident at Jaguar Land Rover (JLR), though home operations remained regular throughout the quarter and rebounded following GST reductions. PBT (BEI) for Q2FY26 stood at detrimental Rs 5,500 crore.
For H1FY26, the enterprise reported a PBT (BEI) of -Rs 1,500 crore, a decline of Rs 13,900 crore in comparison with the earlier 12 months.
JLR income was down 24.3% to £4.9 billion. All JLR metrics have been considerably impacted by the cyber incident, leading to EBIT margins of -8.6%, down 1,370 bps.
On a standalone foundation, revenues have been up 15.6%, supported by robust festive demand and GST 2.0. EBITDA margins stood at 5.8%, down 40 bps YoY, whereas EBIT margins have been 0.2%, up 10 bps YoY.
The corporate has revised EBIT steering for JLR to 0-2% for FY26. JLR’s money steadiness was £3 billion, with web debt of £1.8 billion and gross debt of £4.7 billion.
Replace on cyber incident response
The corporate stated it has taken decisive actions to soundly restart enterprise on the JLR unit and continues to help stakeholders whereas recovering operations following the latest cyber incident.
“JLR’s efficiency within the second quarter of FY26 was impacted by vital challenges, together with a cyber incident that stopped our car manufacturing in September and the affect of US tariffs. JLR has made robust progress in recovering its operations safely and at tempo following the cyber incident. In our response we prioritised consumer, retailer and provider programs and I’m happy to verify that manufacturing of all our luxurious manufacturers has resumed,” JLR’s Chief Government Officer Adrian Mardell stated.
Administration Take
Shailesh Chandra, Managing Director & CEO, Tata Motors PV, known as Q2 a landmark quarter for the corporate, marked by double-digit YoY development in wholesale volumes and registrations, alongside a number of record-breaking milestones.
“Our development was powered by our multi-powertrain portfolio, with CNG and EV volumes accounting for 45% of our volumes in Q2. EV gross sales surged by practically 60% YoY with practically 25 thousand models offered in Q2, reaffirming our management in sustainable mobility. Leveraging a reinvigorated demand atmosphere, our agile strategy, robust portfolio, and impactful advertising and marketing helped us drive this development trajectory,” he stated.
September was significantly noteworthy, with document total gross sales of 60,000 models, translating into bettering revenues and QoQ enchancment in profitability, Chandra added.

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