Q1 FY27 earnings call transcript filed with exchanges

Mgmt Guided Margin ImprovementMgmt Guided Margin PressureOrder Pipeline DisclosedAnalyst Day Multiyear TargetsInvestor Communications View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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AI summary

Q1 FY27 revenue Rs 95,800 Cr, EBIT margin 2.4%, PBT Rs 1,600 Cr. India PV sales rose 46% YoY to 182,000 units, market share 14.3%. India revenues Rs 18,000 Cr up 65% YoY, but commodity inflation of 4.5% hit margins. EV volumes highest ever at over 34,000 units, 20% of sales. JLR revenues GBP 6 billion, EBIT 2.8%, wholesales down 10% YoY due to supplier fire and Middle East issues. Four BEV launches approaching. JLR FY27 guidance maintained, cost cuts of 1.7 billion dollars targeted.

Likely market impact

Mixed quarter. Strong India growth and EV momentum offset by commodity pressure and weak JLR. FY27 guidance held, BEV launches and cost cuts to drive H2 improvement.