Tata Motors Ltd. Q3 FY2026 results: revenue ₹21,847 crore
Tata Motors Ltd. (TMCV) reported consolidated revenue from operations of ₹21,847 crore for Q3 FY2026, the quarter ended 31 December 2025. Profit after tax was ₹705 crore, and earnings per share ₹1.91. The figures are the company's own, from the un-audited results it filed with NSE on 29 January 2026.
The quarter, against the one before and a year earlier
| Line | Q3 FY2026 | Q2 FY2026 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 21,847 | 18,585 | n/a | n/a |
| Other income | 332 | 172 | n/a | n/a |
| Total income | 22,179 | 18,757 | n/a | n/a |
| Cost of materials consumed | 12,531 | 10,416 | n/a | n/a |
| Purchases of stock-in-trade | 2,045 | 1,805 | n/a | n/a |
| Changes in inventories | 366 | 285 | n/a | n/a |
| Employee benefit expense | 1,450 | 1,447 | n/a | n/a |
| Finance costs | 198 | 256 | n/a | n/a |
| Depreciation, depletion and amortisation | 483 | 472 | n/a | n/a |
| Other expenses | 2,939 | 2,682 | n/a | n/a |
| Total expenses | 19,645 | 19,296 | n/a | n/a |
| Profit before exceptional items and tax | 2,534 | -539 | n/a | n/a |
| Exceptional items | -1,643 | -10 | n/a | n/a |
| Profit before tax | 891 | -549 | n/a | n/a |
| Current tax | 107 | 290 | n/a | n/a |
| Deferred tax | 113 | 16 | n/a | n/a |
| Total tax | 220 | 306 | n/a | n/a |
| Profit after tax | 705 | -867 | n/a | n/a |
| Attributable to owners of the parent | 705 | -867 | n/a | n/a |
| Other comprehensive income | -50 | -89 | n/a | n/a |
| Total comprehensive income | 655 | -956 | n/a | n/a |
| EPS, basic | ₹1.91 | -₹2.35 | n/a | n/a |
| EPS, diluted | ₹1.91 | -₹2.35 | n/a | n/a |
₹ crore except per share.
Leverage, as the company states it
| Line | Q3 FY2026 | Q2 FY2026 | A year earlier | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.48 | 0.80 | n/a | |
| Debt service coverage | 0.41 | -0.14 | n/a | |
| Interest service coverage | 21.06 | -1.81 | n/a |
Debt to equity, debt service coverage and interest service coverage are the figures the company prints in its result statement under the listing regulations.
Segments, Q3 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Commercial vehicle | 21,534 | 98.6% | 2,376 | 11.0% |
| Corporate/Unallocable | 56 | 0.3% | -84 | -150.0% |
| Others | 257 | 1.2% | -22 | -8.6% |
Segment revenue and segment result as the company filed them, before inter-segment eliminations; share and result over revenue are arithmetic on those.
Quarterly results, the last 4 quarters
| Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|
| Sales | 18,585 | 21,847 | 26,098 | 20,667 |
| Expenses | 19,296 | 19,645 | 24,134 | 18,038 |
| Operating profit | 17 | 2,883 | 2,640 | 3,272 |
| OPM % | 0% | 13% | 10% | 16% |
| Other income | 172 | 332 | 317 | 396 |
| Interest | 256 | 198 | 166 | 135 |
| Depreciation | 472 | 483 | 510 | 508 |
| Exceptional items | -10 | -1,643 | 235 | -79 |
| Profit before tax | -549 | 891 | 2,516 | 2,946 |
| Tax % | n/a | 25% | 33% | 14% |
| Net profit | -867 | 705 | 1,793 | 2,556 |
| EPS in ₹ | -₹2.35 | ₹1.91 | ₹4.87 | ₹6.95 |
| Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed.
Source
Un-audited consolidated results for the quarter ended 31 December 2025, filed with NSE on 29 January 2026: the result statement. All of Tata Motors Ltd.'s results: NSE company page.
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