Tata Motors Passenger Vehicles posts Rs 5,531 crore loss as revenue climbs 34% YoY

Tata Motors Passenger Vehicles announced a consolidated net loss of Rs 5,531 crore for the September quarter of FY27, compared with a profit of Rs 76,170 crore in the same quarter a year earlier. The loss includes a one-time charge of Rs 6,738 crore.

Revenue from operations increased 33.9% year-on-year to Rs 96,920 crore, up from Rs 72,349 crore in the prior quarter. Total expenses rose 23.3% to Rs 97,827 crore, reflecting higher commodity costs and an adverse sales mix.

Domestic passenger-vehicle revenue reached Rs 20,400 crore, a 51% year-on-year increase, and vehicle volumes grew 40% year-on-year. Electric-vehicle volumes rose 90% year-on-year, boosting the company's EV market share to 43%.

The unit posted an EBITDA margin of 4% and an EBIT margin of negative 0.3% for the quarter. Despite margin pressure, it generated positive free cash flow of Rs 825 crore, taking first-half free cash flow to Rs 1,945 crore. Closing cash stood at Rs 11,000 crore, with net cash of Rs 7,900 crore after accounting for gross debt of Rs 3,100 crore.

"We recorded quarterly sales of more than 200,000 units, with 40% year-on-year growth, reflecting strong demand across our portfolio," said Shailesh Chandra, Managing Director and CEO of Tata Motors Passenger Vehicles.

Jaguar Land Rover reported revenue of £5.9 billion for the quarter, a 20.3% year-on-year rise, and posted a profit before tax and exceptional items of £6 million, up from a loss of £485 million a year earlier. The subsidiary revised its full-year FY27 guidance, now expecting an adjusted EBIT margin of 2-3% and a free cash outflow of about £1.25 billion.

Shares of Tata Motors PV fell 3.31% to Rs 287.40 on the NSE following the results.