Tata Motors Passenger Vehicles Limited (TMPVL) has announced a resilient performance for the quarter and year ended March 31, 2026. The company achieved consolidated revenue of ₹105.4K Cr in Q4, representing a 7.2% growth. Following this performance, the Board of Directors has recommended a final dividend of ₹3.00 per share. The company is focused on sustaining domestic growth and building resilience at Jaguar Land Rover (JLR) amidst challenging global conditions.
Consolidated Financial Performance
For the fourth quarter of fiscal year 2026, Tata Motors Passenger Vehicles Limited reported consolidated revenues of ₹105.4K Cr, up 7.2% compared to the previous year. The quarter saw a significant improvement in performance, driven by normalized JLR production and record-breaking domestic volumes, resulting in a healthy Q4 free cash flow of ₹11.4K Cr. Despite a challenging full-year landscape impacted by global headwinds, the company’s Q4 consolidated PBT (bei) reached ₹7.2K Cr.
Domestic Business Growth
The domestic Passenger Vehicle and EV business demonstrated strong momentum, achieving its highest-ever annual sales of over 6.4 lakh units, a 15% year-on-year growth. In Q4 alone, the business registered a 37% year-on-year growth, recording its highest-ever quarterly sales of over 200,000 units. EV penetration remained robust at 14%, while CNG penetration hit 27% for the fiscal year. The company’s EV arm, Tata.ev, reached a milestone by surpassing 250,000 cumulative EV sales.
Jaguar Land Rover (JLR) Resilience
JLR navigated a difficult year marked by production pauses and global supply chain challenges. However, the fourth quarter saw a positive recovery as production levels returned to normal. Revenue for the quarter stood at £6.9bn. Looking ahead, JLR is focused on reducing break-even volumes to 300,000 units within two years, supported by a planned £18bn investment spend over five years and the upcoming launch of new products, including the Range Rover Electric and the new Jaguar.
Dividend and Outlook
Reflecting confidence in its strategic direction, the Board has recommended a final dividend of ₹3.00 per equity share (150%) for the financial year ended March 31, 2026, subject to shareholder approval at the 81st Annual General Meeting scheduled for July 8, 2026. Moving into fiscal year 2027, the company aims to maintain industry-beating growth in domestic markets and drive structural cost reductions while closely monitoring geopolitical and commodity price risks.
Source: BSE
