Tata Motors Limited has informed the Exchange about Investor Presentation
TMCV · price
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Tata Motors Commercial Vehicles standalone business delivered strong FY26 results with revenue of ₹77.4K Cr (up 11% YoY) and Q4 revenue of ₹24.5K Cr (up 22% YoY). EBITDA margin expanded sharply to 13.9% in Q4 and 13.2% for the full year — 120 bps improvement — with management already delivering its earlier 'teens' EBITDA margin mid-term guidance ahead of target. EBIT margin turned double digit at 11.0% for FY26. Full year free cash flow stood at ₹9.2K Cr, ending with net cash of ₹7.5K Cr. Wholesales grew 14% to 428K units. Consolidated Q4 revenue was ₹26.1K Cr with net cash of ₹13.7K Cr. The company won a landmark 70,000-vehicle order for Indonesia and over 5,000 buses from Indian state transport undertakings. Management flagged near-term commodity inflation (steel, aluminum, copper) and MENA weakness as headwinds to monitor in FY27. A final dividend of ₹4/share (₹1,473 Cr outflow) has been recommended.
Strong margin expansion, cash generation, and order wins signal robust execution in the commercial vehicles business. Ahead-of-schedule delivery of margin targets and clean net cash balance sheet are positive for the stock. Pending Iveco acquisition closure expected Q2 FY27 adds strategic optionality.