Tata Motors

Tata Motors Passenger Vehicles (TMPV) announced its June-quarter performance (Q1 FY27) today, post market hours, reporting a weak set of numbers as continued weakness in JLR performance, coupled with rising raw material costs, weighed on profitability, offsetting strong domestic sales. The company reported a consolidated net profit of ₹775 crore, an 80% decline from ₹3,924 crore reported in the same period last year. Sequentially, net profit also remained lower, declining from ₹5,783 crore in the March quarter. The tensions in the Middle East have kept commodity prices higher, adding to cost pressures as total expenses rose faster than revenue, weighing on margins. Total expenses rose 12% year-on-year to ₹95,338 crore, driven by higher raw material costs. Meanwhile, revenue from operations during the reporting quarter stood at ₹94,827 crore, up 9% from ₹87,141 crore in the same period last year.