3 weeks ago
Tata Motors Q1 profit surges 83% to ₹2,556 crore
Tata Motors is a big company in India that makes trucks and other commercial vehicles.
The company told people how much money it made in the first three months of its new financial year.
It made a lot more profit than last year, as its profit jumped by 83%.
Some of that profit came from money the company invested in another business called Tata Capital.
Even without that, the company still earned more money than before.
People bought lots of Tata Motors trucks, so the company sold more vehicles.
Prices for materials and fuel went up, so Tata Motors had to charge customers a little more.
The company is also trying to buy another truck company called Iveco from Europe.
It is waiting for permission from France to finish the deal.
Even though times were tough, Tata Motors did very well this quarter.
Tata Motors' consolidated net profit surged 83% year-on-year to ₹2,556 crore in the June quarter, helped by investment gains in Tata Capital.
Excluding those gains, standalone net profit rose 8% to ₹1,528 crore and operating margin slipped 90 basis points to 10.9%.
Revenue jumped 19% to ₹20,667 crore on strong domestic demand despite high fuel prices tied to the West Asia conflict.
The company gained 100 basis points of market share versus the March quarter and has raised prices to offset inflation.
Its $4.4-billion acquisition of Italian CV maker Iveco, delayed twice, now awaits French approval with closure expected in November.
- Who
- Tata Motors, India's largest commercial-vehicle maker, led by managing director and CEO Girish Wagh.
- What
- Reported an 83% surge in consolidated net profit to ₹2,556 crore and 19% revenue growth for Q1FY26.
- Where
- India, where the Mumbai-based company operates; approvals pending in Spain and France for the Iveco deal.
- When
- June quarter (Q1FY26), with results declared on a Wednesday after market hours.
- Why
- Strong domestic demand, price hikes and investment gains in Tata Capital offset higher fuel and commodity costs from the West Asia conflict.
Key facts
- Company
- Tata Motors Ltd
- Consolidated net profit
- ₹2,556 crore (up 83% YoY)
- Standalone net profit
- ₹1,528 crore (up 8% YoY)
- Revenue
- ₹20,667 crore (up 19% YoY)
- Operating margin
- 10.9% (narrowed 90 bps)
- Market share gain
- 100 bps vs March quarter
- Iveco acquisition
- $4.4 billion; closure expected in November
- Share price move
- +1.6% vs Nifty Auto -0.3%
Quotes
Girish Wagh
Managing Director and Chief Executive of Tata Motors
“"I think demand momentum does remain strong as we have seen in the month of July. Especially in heavy trucks, heavy commercial vehicles, we see that large fleet owners are actively replacing the aging vehicles to capture better fuel economy, lower maintenance and superior total cost of ownership,"”
livemint.com
Sources
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