Tata Motors Passenger Vehicles reported a consolidated loss of ₹5,531 crore for the September quarter, compared with a profit of ₹76,170 crore a year earlier. The company booked exceptional items of ₹6,738 crore, while consolidated revenue from operations rose 34% to ₹96,920 crore.
New Delhi, November 13 — Tata Motors Passenger Vehicles Ltd (TMPVL) reported a consolidated loss of ₹5,531 crore for the September quarter, compared with a profit of ₹76,170 crore in the corresponding period a year earlier.
The automaker reported exceptional items worth ₹6,738 crore, which included ₹3,776 crore in employee separation costs and ₹2,856 crore related to impairment of assets.
Despite the quarterly loss, consolidated revenue from operations increased 34% year-on-year to ₹96,920 crore.
JLR records exceptional items
Luxury vehicle business Jaguar Land Rover (JLR) recorded exceptional items of £530 million during the quarter.
These were linked to restructuring activities, including separation costs and the write-down of intangible assets under development.
Total expenses at the consolidated level increased to ₹97,827 crore, compared with ₹79,310 crore in the year-ago quarter.
The cost of materials also increased sharply to ₹58,825 crore from ₹36,300 crore.
Revenue jumps 34%
While the bottom line was hit by exceptional costs, the company’s operating revenue recorded strong growth.
Consolidated revenue from operations increased to ₹96,920 crore, up 34% from the previous year.
The company’s consolidated EBITDA margin improved by 630 basis points to 6.2% during the quarter.
JLR revenue rises 20.3%
JLR’s revenue from operations increased 20.3% to £5,894 million, according to the company.
Its EBITDA margin improved by 820 basis points to 6.6%.
Meanwhile, Tata Motors Passenger Vehicles’ standalone passenger vehicle business recorded a 50.9% increase in revenue to ₹20,423 crore.
However, TMPV’s EBITDA margin declined by 180 basis points to 4%.
Commodity costs weigh on margins
CFO Dhiman Gupta said TMPV continued to build on strong momentum in its domestic business during Q2 FY27.
JLR also delivered resilient volumes despite global market-specific challenges and the wind-down of previous Jaguar models.
However, the company said adverse product mix and persistent commodity pressures weighed on margins during the quarter.
Tata Motors Passenger Vehicles said both businesses remain fundamentally strong, with management focused on new launches, accelerating cost reductions and improving cash generation as part of its medium-term priorities.
