Tata Motors Limited has informed the Exchange that Board of Directors at its meeting held on May 13, 2026, recommended Final Dividend of Rs. 4 per equity share.
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Tata Motors (standalone CV business) reported record Q4 FY26 with revenue of Rs. 24,452 crore (+22% YoY), EBITDA of Rs. 3,400 crore (+35%) and EBITDA margin at 13.9% (up 130 bps). For full year FY26, revenue stood at Rs. 77,399 crore (+11%) with EBITDA of Rs. 10,200 crore (+22%) and margin at 13.2% (up 120 bps). PBT before exceptional items grew 46% to Rs. 8,682 crore. However, PAT declined 23% to Rs. 3,362 crore due to Rs. 3,700 crore in exceptional items including Rs. 2,313 crore provision for impairment of investment in TMF Holdings subsidiary (mark-to-market loss on Tata Capital investments), Rs. 962 crore stamp duty for demerger, and Rs. 363 crore impact of new labor codes. Free cash flow was strong at Rs. 9,186 crore with net cash of Rs. 7,500 crore. The Board recommended a final dividend of Rs. 4 per share (200% on Rs. 2 face value). Auditors issued unmodified opinion with an Emphasis of Matter on demerger accounting.
Strong operational performance with margin expansion and cash generation supports the dividend payout. However, investors should note the exceptional items impacting PAT and the pending Iveco acquisition expected to complete in Q2 FY27.