Tata Motors PV reports ₹5,531 crore net loss in September quarter
Consolidated revenue for the company rose 34 per cent to ₹96,920 crore despite restructuring costs and Jaguar Land Rover challenges.
Tata Motors Passenger Vehicles (TMPV) reported a consolidated net loss of ₹5,531 crore for the September quarter of FY27, according to reports from Business Standard, Moneycontrol and The Economic Times. This follows a reported profit of ₹76,170 crore during the same period last year, though the previous year's figure included a substantial exceptional gain from a commercial vehicle business demerger.
The company's consolidated revenue from operations grew 34 per cent year-on-year to ₹96,920 crore, up from ₹72,349 crore. This growth was supported by a recovery in Jaguar Land Rover (JLR) volumes and strong performance in the domestic passenger vehicle segment.
The company recorded exceptional charges of ₹6,738 crore during the quarter, which primarily consisted of asset impairments and employee separation costs. JLR also recognised £530 million in exceptional items related to restructuring, including asset write-downs and separation costs.
JLR reported revenue of £5.89 billion, a 20.3 per cent increase year-on-year. While wholesale volumes recovered in the UK and overseas markets, lower volumes in the Middle East and China, alongside an adverse model mix, affected profitability.
In the domestic market, the passenger vehicle business achieved a record quarterly revenue of ₹20,423 crore, representing 50.9 per cent year-on-year growth. Shailesh Chandra, managing director and chief executive officer of TMPV, stated that vehicle volumes grew 40 per cent year-on-year, while electric vehicle sales rose 90 per cent.
Due to geopolitical uncertainties and market challenges, JLR has updated its full-year outlook to expect an adjusted EBIT margin between 2-3 per cent and a free cash outflow of approximately £1.25 billion.