Tata Motors Q1 Results: Net profit surges 83% YoY to ₹2,560 crore, revenue improves 20%

Tata Motors Commercial Vehicles reported a consolidated net profit of ₹2,560 crore for the June quarter, up 83.24% year-on-year. Revenue from operations rose by nearly 20% to ₹20,576 crore compared to the previous year’s April-June period.

Tata Motors Commercial Vehicles (TMCV) released its June-quarter performance on Wednesday after market hours, reporting a consolidated net profit of ₹2,560 crore, led by mark to market gain on investments in Tata Capital.

The profit was 83.24% higher over ₹1,397 crore in the same period last year. Sequentially, net profit also improved from ₹1,793 crore reported in the March quarter.

Consolidated revenue from operations rose to ₹20,576 crore during the quarter, compared with ₹17,192 crore in the April-June period of the previous financial year, marking a growth of nearly 20%.

On the operating front, the company posted a 57.6% YoY jump in EBITDA to ₹3,272 crore, with the EBITDA margin staying in double digits for the 12th consecutive quarter at 15.83%, a 385 basis points higher than 11.98% in the corresponding quarter.

GV Ramanan, CFO, Tata Motors, said, “While commodity pressure continues to persist, we remain confident in our ability to navigate the environment through operational efficiencies, pricing discipline, and proactive supply chain management to deliver resilient margins and profitable growth.”

Q1 wholesales jump 26%

In terms of volumes, total wholesales during the quarter stood at 108.7K units, up 26% year-on-year, with domestic and export volumes rising 26% and 35%, respectively. Its overall domestic CV VAHAN market share stood at 36.8% in Q1 FY27, an improvement of 100 basis points sequentially.

The company said it strengthened its leadership in electric commercial vehicles, securing more than 3,400 EV orders across segments. During the quarter, the Tata Group company launched the Ace Gold+ XL, Intra V40, and Intra EV, expanding its small commercial vehicle portfolio across ICE, CNG, and EV powertrains.

It also initiated deliveries against an order from Indonesia and achieved the milestone of producing 10 lakh commercial vehicles at its Lucknow plant. As part of its sustainability initiatives, the company partnered with HPCL to develop a scalable circular economy model for used automotive lubricants.

Girish Wagh, MD & CEO, Tata Motors, said, “Looking ahead, supported by a robust product portfolio, continued innovation, and a relentless focus on delivering better customer value, we remain confident of strengthening our market leadership and delivering sustainable, profitable growth in the following quarters.”

The company also provided an update on Iveco, stating that regulatory approvals are in the final stage, with only one pending clearance remaining.

It said all queries raised by the competent authority have been addressed and the final approval is expected by the end of August 2026. Accordingly, the tender offer is expected to be launched in early September 2026 and completed by early November 2026.