In short: Tata Motors PV reports Q2 FY27 results on 13 November 2026. In Q1 FY27, revenue rose 9.3% to ₹95,799 crore from a year earlier. Things to watch: JLR volumes, India volumes and cash and debt.
What to watch in Tata Motors PV's Q2 FY27 results
- JLR volumes. Jaguar Land Rover (JLR) revenue fell 9.6% from a year earlier to £5,973 million in Q1, and its adjusted EBIT (earnings before interest and tax) margin slipped to 2.8% from 4.0%. JLR's provisional Q2 update put wholesales at 82,400, up from 79,288 in Q1 and 66,165 a year earlier, which it links to recovery from last year's cyber incident. Retail sales were 79,000, against 79,892 in Q1 and 85,371 a year earlier.
- India volumes. Revenue at Tata Passenger Vehicles, the India business, rose 64.8% from a year earlier to ₹17,930 crore in Q1, with an EBITDA (earnings before interest, tax, depreciation and amortisation) margin of 4.3%. Adding the July, August and September sales updates gives 196,674 domestic passenger vehicles in Q2, up 40% from a year earlier, and 47,150 electric vehicles including exports, up 90%. Both totals match the company's own Q2 sales release.
- Cash and debt. Consolidated free cash flow was about ₹11,800 crore negative in Q1, mainly because of seasonal working capital, the company said, and net debt rose to about ₹42,200 crore from about ₹30,700 crore at the end of March. JLR used £998 million of free cash in the quarter, while the India business generated ₹1,121 crore and held net cash of about ₹8,000 crore.
- Call guidance. On the Q1 call, Tata Motors Passenger Vehicles CFO Dhiman Gupta said commodity costs would harden by about another 3% in Q2, but price rises, cost cuts and no repeat of a 1% seasonal hit should keep India margins about flat with Q1. JLR CFO Richard Molyneux said Q1 was not inconsistent with JLR's June outlook of £26 billion revenue and an EBIT margin of about 4%, though the rest of the year needs a strong performance. JLR has said it will comment on its guidance with the Q2 results.
Tata Motors PV Q1 FY27 results at a glance
- Revenue from operations was ₹95,799 crore, up 9.3% from a year earlier and down 9.1% from the previous quarter.
- Net profit was ₹775 crore, down 86.6% from the previous quarter.
- EBITDA was ₹7,128 crore, down 6.4% from a year earlier and down 48.5% from the previous quarter.
| Metric | Q1 FY27 | Q4 FY26 | Q1 FY26 | QoQ | YoY |
|---|---|---|---|---|---|
| Revenue (₹ crore) | 95,799 | 1,05,447 | 87,677 | −9.1% | +9.3% |
| EBITDA (₹ crore) | 7,128 | 13,851 | 7,618 | −48.5% | −6.4% |
| Net profit (₹ crore) | 775 | 5,783 | – | −86.6% | – |
Net profit for the June 2025 quarter is left out of the comparison: the ₹3,924 crore the filing prints includes ₹1,406 crore from the commercial vehicles business, which was demerged with effect from 1 October 2025 and is shown as a discontinued operation. Revenue and EBITDA for that quarter cover continuing operations only.
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Tata Motors PV Q2 FY27 results: questions
When will Tata Motors PV announce Q2 FY27 results?
Tata Motors Passenger Vehicles Limited reports results for the quarter ended 30 September 2026 on 13 November 2026.
What time is the Tata Motors PV earnings call?
The earnings call is at 6:30 pm IST on 13 November 2026.
What were Tata Motors PV's results last quarter?
In Q1 FY27, revenue from operations was ₹95,799 crore (+9.3% YoY) and net profit was ₹775 crore (−86.6% QoQ).
Other Q2 FY27 results
- Adani Green Energy Q2 FY27 results · 21 October 2026 · net profit +15.4% YoY
- Indian Hotels Q2 FY27 results · 21 October 2026 · net profit +22.7% YoY
- Ather Energy Q2 FY27 results · 26 October 2026 · net profit against a ₹154 crore loss a year earlier
- Larsen & Toubro Q2 FY27 results · 27 October 2026 · net profit +32.5% YoY
- Reliance Industries Q2 FY27 results · 30 October 2026 · net profit +40.6% YoY
- Bharti Airtel Q2 FY27 results · 5 November 2026 · net profit +30.9% YoY
- Titan Q2 FY27 results · 5 November 2026 · net profit +113.7% YoY
- Britannia Q2 FY27 results · 5 November 2026 · net profit +10.2% YoY
- ONGC Q2 FY27 results · 5 November 2026 · net profit +55.3% YoY
- Hindalco Q2 FY27 results · 6 November 2026 · net profit +58.9% YoY
- Tata Steel Q2 FY27 results · 7 November 2026 · net profit +18.2% YoY
- Tata Power Q2 FY27 results · 11 November 2026
- HAL Q2 FY27 results · 12 November 2026
- Vodafone Idea Q2 FY27 results · 12 November 2026
- Tata Motors PV Q2 FY27 results · 13 November 2026
All Q2 FY27 results in one place
Sources
- Tata Motors Passenger Vehicles: Q1 FY27 results, 13 August 2026
- Tata Motors Passenger Vehicles: Q1 FY27 investor presentation, 13 August 2026
- Tata Motors Passenger Vehicles: Q4 FY26 investor presentation, 14 May 2026
- Tata Motors Passenger Vehicles: Q1 FY27 earnings call transcript, 19 August 2026
- Tata Motors Passenger Vehicles: JLR Investor Day presentation, 17 June 2026
- Tata Motors Passenger Vehicles: JLR update on strategic transformation programme, 7 September 2026
- Tata Motors Passenger Vehicles: July 2026 sales, 1 August 2026
- Tata Motors Passenger Vehicles: August 2026 sales, 1 September 2026
- Tata Motors Passenger Vehicles: September 2026 and Q2 FY27 sales, 1 October 2026
- Tata Motors Passenger Vehicles: JLR Q2 FY27 wholesale and retail sales, 3 October 2026
- Tata Motors Passenger Vehicles: Q2 FY27 earnings call details, 30 October 2026
- Tata Motors Passenger Vehicles: board meeting on 13 November 2026, 23 October 2026
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