TMPV
1 call
Concalls & earnings callsTata Motors Passenger Vehicles Limited
Every summarised call, newest first. Latest is Q1 FY27, held 13 Aug 2026.
Latest quarter
Q1 FY27 snapshot
Open full brief →Strong volume growth and EV momentum in India were offset by commodity headwinds and weaker JLR performance due to supply issues and challenging markets.
| Metric | This quarter | Change | Five-quarter trend |
|---|---|---|---|
| Consolidated Revenue | ₹95,800 Cr | — | |
| Consolidated EBIT Margin | 2.4% | — | |
| Consolidated PBT | ₹1,600 Cr | down on a YoY basis | |
| Consolidated Net Debt | ₹42,000 Cr | — |
Latest guidance
- India business targeting higher double-digit volume growth in FY27.
- India margins expected to be flattish in Q2 vs Q1, with step-up in H2 from price increases, cost reductions, and PLI.
- JLR full-year guidance remains unchanged but requires strong performance for the remainder of the year.
- JLR expects ~12,000 EV units in FY27.
- JLR aiming for 10% revenue growth per annum, focusing on the US market.
- JLR targeting $1.7 billion in cost savings (ex-works cost, warranty, fixed costs).
- India EV market share expected to be protected or increased despite intensifying competition.
- India exports targeting ~2x growth in FY27.
Said on the Q1 FY27 call.
Filed results
Reported quarterly history
From filed quarterly results. YoY and QoQ compare each metric on the same accounting basis.
| Quarter | Revenue | Net profit (PAT) | Basic EPS |
|---|---|---|---|
| Q3 FY25 | ₹1,13,575.00 Cr+2.7% YoY+12% QoQ | ₹5,578.00 Cr-21.9% YoY+61.7% QoQ | ₹14.81-19.2% YoY+52.4% QoQ |
| Q2 FY25 | ₹1,01,450.00 Cr-3.5% YoY-6.1% QoQ | ₹3,450.00 Cr-10% YoY-39.4% QoQ | ₹9.72-0.9% YoY-33% QoQ |
| Q1 FY25 | ₹1,08,048.00 Cr+5.7% YoY-9.9% QoQ | ₹5,692.00 Cr+72.5% YoY-67.5% QoQ | ₹14.51+73.8% YoY-68.1% QoQ |
| Q4 FY24 | ₹1,19,986.31 Cr+13.3% YoY+8.5% QoQ | ₹17,528.59 Cr+218.9% YoY+145.3% QoQ | ₹45.42+221.9% YoY+147.9% QoQ |
| Q3 FY24 | ₹1,10,577.14 Cr+25% YoY+5.2% QoQ | ₹7,145.43 Cr+134.8% YoY+86.5% QoQ | ₹18.32+137.6% YoY+86.7% QoQ |
Call history
- Q1 FY27Cautious tone
Strong volume growth and EV momentum in India were offset by commodity headwinds and weaker JLR performance due to supply issues and challenging markets.
- Consolidated Revenue
- ₹95,800 Cr
- Consolidated EBIT Margin
- 2.4%