Tata Motors' PAT Drops 30.5% on Low Volumes

JLR revenue down 9.2% amid US tariff uncertainties

- SOHINI DAS

Tata Motors' (TaMo's) profit after tax (PAT) for the first quarter of 2025-26 (Q1FY26) fell by 30.5 per cent to ₹3,924 crore, compared to ₹5,643 crore in Q1FY25, from continuing operations. The profit was impacted by a decline in volumes in all businesses, and a drop in profitability, primarily at Jaguar Land Rover (JLR).

Consolidated revenues were also down 2.5 per cent to ₹1,04,407 crore as JLR revenues fell by 9.2 per cent, commercial vehicle (CV) revenues by 4.7 per cent and passenger vehicle (PV) revenues declined by 8.2 per cent, reflecting softness in industry demand.

The EBITDA margin was down 480 basis points (bps) year-on-year (Y-o-Y) to 9.2 per cent. EBITDA stands for earnings before interest, tax, depreciation, and amortisation.

The stock was down 2.19 per cent on the BSE as the profit came in below analyst estimates even as the revenues were in line with estimates.