This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Q2 ended Sep 2026: consolidated revenue up 25%, profit after tax up 30% year on year
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On the reaction day the stock moved 3.8 pts more than its Passenger Cars & Utility Vehicles peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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For the quarter ended 30 September 2026, consolidated revenue from operations rose 25.3% to Rs 57,514.98 crore from Rs 45,885.40 crore, while consolidated profit after tax rose 30.4% to Rs 5,166.77 crore from Rs 3,963.75 crore. Earnings before interest, tax, depreciation and amortisation were about 17.7% of revenue, down 1.3 points from 19.0%. Consolidated half-year operating cash flow to September 2026 was negative Rs 673.12 crore.
Higher revenue and profit are positive, but weaker margins and negative half-year operating cash flow could weigh on the stock near term.
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Revenue | ₹44,282 Cr | ₹35,080 Cr | +26.2% |
| Operating profit | ₹5,576 Cr | ₹5,368 Cr | +3.9% |
| Profit after tax | ₹5,102 Cr | ₹4,521 Cr | +12.9% |
| EBITDA margin | 15.2% | 18.4% | −3.3 pp |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.