Tata Motors Passenger Vehicles (TMPV) announced its June-quarter performance (Q1 FY27) today, post market hours, reporting a weak set of numbers as the company’s profitability was dragged down by a steep fall in JLR volumes, while its domestic business continued to perform strongly.
The company reported a consolidated net profit of ₹775 crore, a steep decline from ₹3,924 crore reported in the same period last year. Sequentially, net profit also remained lower, declining from ₹5,783 crore in the March quarter.
Revenue from operations during the reporting quarter stood at ₹94,827 crore, up 9% from ₹87,141 crore in the same period last year. However, revenue declined 10% sequentially from ₹1,04,923 crore reported in the final quarter of the previous financial year.
On the operating front, the company posted a 20% YoY jump in EBITDA to ₹6,176 crore, with the EBITDA narrowing to 6.5% from 8.8% in the corresponding period of last quarter.
