Tata Motors Q2 FY26 – Moderate Growth with Mixed Profitability Trends

Tata Motors posted a steady September 2025 quarter with modest growth in revenue and operating profit. However, the bottom line remained impacted due to exceptional items and one-time adjustments. • Sales: ↑ 9% YoY to ₹16,861 crore (vs ₹15,518 crore in Sep 2024) • EBIDT: ↑ 27% YoY to ₹2,077 crore (vs ₹1,641 crore) • Net Profit: ↑ 41% YoY to -₹1,021 crore (vs ₹643 crore) • EPS: Not reported for the quarter At a price of ₹321, market cap ₹1,18,111 crore, and PE 436.7, Tata Motors continues to show operational improvement, though profitability remains affected by ongoing restructuring costs and margin pressures in certain segments.