Tata Motors Passenger Vehicles Ltd. Q1 FY2026 results: revenue ₹1,04,407 crore, down 3.4% on the year
Tata Motors Passenger Vehicles Ltd. (TMPV) reported consolidated revenue from operations of ₹1,04,407 crore for Q1 FY2026, the quarter ended 30 June 2025, down 3.4% on the same quarter a year earlier. Profit after tax was ₹4,003 crore, down 29.7% on the year, and earnings per share ₹10.66. The figures are the company's own, from the un-audited results it filed with NSE on 8 August 2025.
The quarter, against the one before and a year earlier
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 1,04,407 | 1,19,503 | 1,08,048 | -3.4% |
| Other income | 1,519 | 1,509 | 1,575 | -3.6% |
| Total income | 1,05,926 | 1,21,012 | 1,09,623 | -3.4% |
| Cost of materials consumed | 64,590 | 63,925 | 62,714 | +3.0% |
| Purchases of stock-in-trade | 5,581 | 6,548 | 6,316 | -11.6% |
| Changes in inventories | -3,281 | 3,744 | -3,117 | n/a |
| Employee benefit expense | 12,491 | 12,663 | 11,802 | +5.8% |
| Finance costs | 938 | 1,076 | 2,088 | -55.1% |
| Depreciation, depletion and amortisation | 5,320 | 5,295 | 6,574 | -19.1% |
| Other expenses | 20,517 | 21,187 | 14,548 | +41.0% |
| Total expenses | 1,00,441 | 1,09,056 | 1,00,925 | -0.5% |
| Profit before exceptional items and tax | 5,485 | 11,956 | 8,698 | -36.9% |
| Exceptional items | -56 | -566 | 43 | n/a |
| Profit before tax | 5,429 | 11,390 | 8,741 | -37.9% |
| Current tax | 1,464 | 1,527 | 1,138 | +28.6% |
| Deferred tax | 94 | 1,421 | 2,040 | -95.4% |
| Total tax | 1,558 | 2,948 | 3,178 | -51.0% |
| Profit after tax | 4,003 | 8,556 | 5,692 | -29.7% |
| Attributable to owners of the parent | 3,924 | 8,470 | 5,566 | -29.5% |
| Other comprehensive income | 12,544 | 7,009 | -33 | n/a |
| Total comprehensive income | 16,547 | 15,565 | 5,659 | +192.4% |
| EPS, basic | ₹10.66 | ₹23.40 | ₹14.51 | -26.5% |
| EPS, diluted | ₹10.65 | ₹23.39 | ₹14.50 | -26.6% |
₹ crore except per share.
Leverage, as the company states it
| Line | Q1 FY2026 | Q4 FY2025 | Q1 FY2025 | Change on the year |
|---|---|---|---|---|
| Debt to equity | 0.00 | 0.01 | 0.01 | |
| Debt service coverage | 0.03 | 0.02 | 0.01 | |
| Interest service coverage | 0.05 | 0.09 | 0.05 |
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, Q1 FY2026
| Segment | Revenue ₹ crore | Share of segment revenue | Result ₹ crore | Result over revenue |
|---|---|---|---|---|
| Revenue from operations | 0 | n/a | 0 | n/a |
| Automotive and related activity | 0 | n/a | 0 | n/a |
| - Tata and other brands vehicles | 0 | n/a | 0 | n/a |
| (a) Commercial Vehicle | 17,009 | 16.1% | 1,667 | 9.8% |
| (b) Passenger Vehicle | 10,877 | 10.3% | -282 | -2.6% |
| (c) Corporate/Unallocable | 190 | 0.2% | -223 | -117.4% |
| - Jaguar and Land Rover | 75,952 | 72.0% | 3,845 | 5.1% |
| Less: Intra segment eliminations | -482 | n/a | 15 | n/a |
| Others | 1,436 | 1.4% | 220 | 15.3% |
| Less: Inter Segment Revenue | 0 | n/a | -48 | n/a |
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 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,05,128 | 1,10,577 | 1,19,986 | 1,08,048 | 1,01,450 | 1,13,575 | 1,19,503 | 1,04,407 | 72,349 | 70,108 | 1,05,447 | 95,799 |
| Expenses | 1,00,649 | 1,04,494 | 1,12,235 | 1,00,925 | 97,330 | 1,07,627 | 1,09,056 | 1,00,441 | 79,310 | 74,880 | 1,00,047 | 95,338 |
| Operating profit | 13,767 | 15,418 | 17,135 | 15,785 | 12,159 | 13,081 | 16,818 | 10,224 | -1,404 | 879 | 11,259 | 6,176 |
| OPM % | 13% | 14% | 14% | 15% | 12% | 12% | 14% | 10% | -2% | 1% | 11% | 6% |
| Other income | 1,631 | 1,499 | 1,460 | 1,575 | 1,566 | 1,790 | 1,509 | 1,519 | 1,461 | 1,467 | 1,633 | 1,129 |
| Interest | 2,652 | 2,485 | 2,234 | 2,088 | 2,034 | 1,725 | 1,076 | 938 | 686 | 682 | 767 | 835 |
| Depreciation | 6,636 | 6,850 | 7,151 | 6,574 | 6,005 | 5,408 | 5,295 | 5,320 | 4,871 | 4,969 | 5,092 | 4,880 |
| Exceptional items | -124 | -88 | -88 | 43 | -1 | -26 | -566 | -56 | -2,608 | -1,597 | 110 | -32 |
| Profit before tax | 5,986 | 7,494 | 9,123 | 8,741 | 5,685 | 7,712 | 11,390 | 5,429 | -8,108 | -4,902 | 7,143 | 1,558 |
| Tax % | 37% | 7% | -89% | 36% | 41% | 27% | 26% | 29% | n/a | n/a | 20% | 46% |
| Net profit | 3,832 | 7,145 | 17,529 | 5,692 | 3,450 | 5,578 | 8,556 | 4,003 | 76,248 | -3,483 | 5,878 | 859 |
| EPS in ₹ | ₹9.81 | ₹18.32 | ₹45.42 | ₹14.51 | ₹9.72 | ₹14.81 | ₹23.40 | ₹10.66 | -₹17.50 | -₹9.47 | ₹15.71 | ₹2.10 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | 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. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Un-audited consolidated results for the quarter ended 30 June 2025, filed with NSE on 8 August 2025: the result statement. All of Tata Motors Passenger Vehicles Ltd.'s results: NSE company page.
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