Tata Motors Q4 PAT slides 32% to ₹5,783 cr as JLR drags, but India PV revenue surges 49%
Consolidated Q4 FY26 profit fell 32% YoY to ₹5,783 cr on JLR weakness, even as revenue rose 7.2% to ₹1.05 lakh cr. India PV business outperformed with revenue up 49.4% to ₹18,742 cr and volumes up 37% to 201,800 units. EBITDA margin compressed to 13.1% from 14.4%.
Tata Motors Q4 PAT fell 32% to ₹5,783 cr on JLR weakness, but India PV revenue jumped 49% to ₹18,742 cr with volumes up 37%. Management sees resilient demand post-GST 2.0, with possible EV/CNG shift if fuel prices rise.