Tata Motors Passenger Vehicles Limited reported its Q3 FY26 results, with consolidated revenue at ₹70.1K Cr, a 25.8% decrease. EBITDA stood at ₹1.5K Cr. The results were significantly impacted by a cyber incident at Jaguar Land Rover (JLR). Domestic business showed robust revenue and margin improvement. The company anticipates a significant performance improvement in Q4, driven by recovery at JLR and continued domestic growth.
Financial Performance Overview
Tata Motors Passenger Vehicles Limited announced its Q3 FY26 results, revealing a challenging quarter primarily due to external factors impacting its subsidiary, Jaguar Land Rover (JLR).
Key Financial Highlights for Q3 FY26
- Consolidated Revenue: ₹70.1K Cr (down 25.8%)
- EBITDA: ₹1.5K Cr
- PBT (bei): (₹3.1)K Cr
The consolidated Free Cash Flow for the quarter was negative at (₹17.9)K Cr.
JLR Performance
JLR’s revenue decreased by 39.4%, with significant impact from a cyber incident that affected production and distribution. Actions are underway to drive demand and improve cash flows.
Tata Passenger Vehicles Performance
Tata PV Revenue increased by 24% to ₹15.3K Cr. However, EBITDA decreased by 80 bps to 7.0%.
Looking Ahead
The company anticipates a sharp improvement in Q4, supported by the normalization of JLR volumes and continued growth in the domestic market. Tata Motors aims to leverage its product portfolio and strategic approach to improve margins.
Additional Details
For the nine months ended December 31, 2025:
- Revenue: ₹230,135 Cr (down 14.0%)
- EBITDA: 3.9%
Source: BSE
