Revenue from operations increased 7% YoY to Rs 1.05 lakh crore in the March quarter.
On a standalone basis, revenues for Q4 came in at Rs 18,598 crore, showing a growth of 43% YoY, while profit after tax more than halved to Rs 455 crore. EBITDA Margin for the quarter stood 9.4%.
In Q4, PV and EV volumes were 2,01,800 units, driven by favourable volumes, mix and operating leverage, despite a challenging pricing and cost environment.
In FY26, the business achieved revenues of Rs 58,500 crore, while EBITDA and EBIT margins remained steady at 6.9% (flat YoY) and 1.4% as adverse pricing and commodities offset the favourable impact of volumes and mix.
Looking ahead, the company said domestic demand continues to be sustained, led by growth in SUVs, CNG and EV. However, geopolitical developments remain a key monitorable to mitigate potential supply-side and commodity price risks. We will ramp up production to meet demand. “We expect to build on the strong momentum of H2 and continue to deliver profitable and industry-beating growth in FY27, supported by a robust demand pipeline, planned pipeline of new products, and established multi-powertrain strategy,” Tata Motors said in a filing.During the year, the company achieved its highest-ever annual sales of over 6.4 lakh units, delivering industry-beating growth of 15% YoY and emerging as the second-ranked player in H2 FY26. In EVs, the company clocked robust 43% YoY growth and our highest-ever annual EV volumes of over 92,000.
JLR business
JLR reported Q4 revenues at £6.9 billion, down 11.1%, while EBITDA margin fell 130 bps to 14%. FY26 revenue stood at £22.9 billion.
JLR said volumes and profitability were impacted YoY by the continued planned wind-down of outgoing Jaguar models ahead of the new Jaguar launch, and the competitive environment the automotive industry is facing in China.
Profit before tax and exceptional items was £458 million in Q4 and £14 million for the full year, down from a profit of £875 million and £2.5 million respectively a year ago.
Free cash flow for the quarter was £829 million and £(2.2) billion for the full year.
“JLR faced a challenging year with revenue and profit impacted by multiple headwinds, including a pause in production following the cyber incident. We recovered well in the fourth quarter as production returned to normal levels, demonstrating the commitment of our people, suppliers and retail partners,” said PB Balaji, CEO, JLR.
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