TATAMOTORS

Q1 FY26 Results: Profit Drops 63% to ₹4,003 Crore, Revenue Falls 2.5%

s reported a 62% YoY drop in net profit to ₹4,003 crore in Q1 FY26, impacted by lower volumes across segments and reduced earnings from Jaguar Land Rover (JLR) due to U.S. tariffs. Revenue slipped 2.5% YoY to ₹1.03 lakh crore. Key Numbers Net Profit: ₹4,003 crore (▼62.2% YoY, ▼53.2% QoQ) Revenue: ₹1.03 lakh crore (▼2.45% YoY, ▼12.7% QoQ) EPS: ₹10.66 (basic), ₹10.65 (diluted) Management View Group CFO PB Balaji said the quarter remained profitable despite global headwinds, with a focus on recovery in H2 FY26 amid festive demand and the upcoming October 2025 demerger. Segment Performance Jaguar Land Rover (JLR) Revenue: £6.6 billion (~₹67,320 crore), ▼9.2% YoY Reasons: Lower volumes, tariff impact, phase-out of legacy models Commercial Vehicles (CV) Revenue: ₹17,009 crore, ▼4.7% YoY Wholesale Volumes: 88,000 units (▼6%) Domestic: ▼9% Exports: ▲68% Passenger Vehicles (PV) Revenue: ₹10,877 crore, ▼8.2% YoY Wholesale Volumes: ~124,800 units (▼10.1%) EV Share: Steady at 13% (16,200 units) Outlook Despite a tough quarter, Tata Motors remains optimistic about a rebound in the second half, driven by festive tailwinds and clearer tariff policies.