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Tata Motors Q1 results: Profit plunges 63% to ₹4,003 cr, revenue down 2.5%

The decline was attributed to volume decline across segments, and a drop in Jaguar Land Rover (JLR) profits, impacted by tariffs imposed by the United States

| Image: Bloomberg

2 min read Last Updated : Aug 08 2025 | 7:44 PM IST

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Tata Motors on Friday reported a consolidated net profit of ₹4,003 crore for the first quarter of FY26, marking a sharp decline of over 62 per cent year-on-year (Y-o-Y) from ₹10,587 crore in the same period last year. On a sequential basis, profit fell by more than 50 per cent from ₹8,556 crore in Q4 FY25.

The decline was attributed to volume decline across segments, and a drop in Jaguar Land Rover (JLR) profits, impacted by tariffs imposed by the United States (US).

The automobile major's consolidated revenue from operations was ₹1.03 trillion in Q1 FY26, marking a 2.45 per cent decline compared to ₹1.06 trillion in the same quarter last year. On a sequential basis, revenue dropped by 12.72 per cent from ₹1.18 trillion in Q4 FY25.

“Despite stiff macro headwinds, the business delivered a profitable quarter, supported by strong fundamentals. As tariff clarity emerges and festive demand picks up, we are aiming to accelerate performance and rebuild momentum across the portfolio. Against the backdrop of the upcoming demerger in October 2025, our focus remains firmly on delivering a strong second-half performance," said PB Balaji, group chief financial officer at Tata Motors.

Segment-wise performance

JLR

JLR revenue declined by 9.2 per cent to £6.6 billion (approximately ₹67,320 crore) on account of a decline in wholesale volumes impacted by tariffs and the planned wind-down of legacy Jaguar models, Tata Motors said.

Tata Commercial Vehicles (CV):

The commercial vehicle (CV) segment’s revenue also declined by 4.7 per cent to ₹17,009 crore. Wholesale volumes stood at 88,000 units, marking a 6.0 per cent decrease, with domestic volumes dropping by 9 per cent Y-o-Y, and exports recording a significant increase of 68 per cent.

Tata Passenger Vehicles (PV):

The passenger vehicles (PV) segment’s revenue dropped 8.2 per cent to ₹10,877 crore, while wholesale volumes declined 10.1 per cent to about 124,800 units in Q1 FY26. The company said the electric vehicle (EV) penetration remained steady at 13 per cent, with wholesale volumes at 16,200 units during the quarter.