Tata Motors Passenger Vehicles Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
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Tata Motors Passenger Vehicles Limited reported Q4 FY26 consolidated revenue of ₹105.4K Cr (up 7.2% YoY) driven by recovery at JLR and strong domestic performance. For FY26, consolidated revenue stood at ₹335.6K Cr (down 8.3% YoY) impacted by JLR headwinds including cyber incident, US tariffs, and China market challenges. JLR revenue declined 20.9% to £22.9bn with EBITDA margin compressing 760 bps to 6.7%. Tata PV (domestic business) showed robust growth with FY26 revenue up 20.7% to ₹58.5K Cr and Q4 revenue up 49% to ₹18.7K Cr. Consolidated PAT from continuing operations was impacted by exceptional items of ₹4.1K Cr. The company underwent a corporate restructuring with demerger of commercial vehicles business and merger of TMPVL effective July 1, 2025. Auditors issued unmodified opinion with emphasis of matter on the Scheme accounting treatment. Board recommended final dividend of ₹3 per share.
While domestic PV business showed strong growth and margin improvement, the consolidated results were significantly impacted by JLR headwinds. The restructuring creates a cleaner pure-play passenger vehicles entity. Shareholders should monitor JLR recovery and geopolitical risks in FY27.