2 weeks ago
Tata Motors CV profit jumps 83% as revenue rises
Tata Motors is a company that makes big trucks, buses and delivery vans.
In the first three months of its new financial year, it made a lot more money than it did the year before.
Its profit jumped by 83 percent, helped partly by money from an investment in another company called Tata Capital.
The money it earned from selling vehicles also went up by 19 percent.
But the cost of materials used to make vehicles went up too, which squeezed its profits a little.
To help with this, the company raised the prices of its vehicles a couple of times.
Tata Motors has more than 3,400 orders for electric vehicles, including about 850 to 900 electric buses.
Cities like Chennai, Ahmedabad, Odisha and Hyderabad have ordered these electric buses.
The company is also trying to buy another truck company called Iveco, and hopes that deal will finish in a few months.
The company's boss, Girish Wagh, says rising material costs are still a big challenge they are watching closely.
Tata Motors reported an 83% year-on-year rise in consolidated profit after tax to ₹2,600 crore in the June quarter, aided by a mark-to-market gain on its Tata Capital investment.
Consolidated revenue rose 19% to ₹20,667 crore, while EBITDA margin contracted 90 basis points to 10.9%.
Managing Director and CEO Girish Wagh warned that commodity inflation remains a major headwind, with margin pressure expected to persist into the September quarter.
The company expects final regulatory clearance for its Iveco acquisition by August-end, with the tender offer starting in early September and closing by early November.
Tata Motors has an electric vehicle order pipeline of more than 3,400 units, including around 850-900 electric buses, and Q1 CV wholesales rose 26% to 108,700 units.
- Who
- Tata Motors Ltd, led by Managing Director and CEO Girish Wagh
- What
- Reported an 83% year-on-year rise in consolidated profit after tax to ₹2,600 crore for the June quarter, with revenue up 19% to ₹20,667 crore
- Where
- India, with electric bus orders from Chennai, Ahmedabad, Odisha and Hyderabad
- When
- June quarter (Q1), with results published on August 12, 2026
- Why
- The sharp profit growth was led by a mark-to-market gain on its Tata Capital investment, while revenue rose on strong commercial vehicle wholesales, up 26% year-on-year
Key facts
- Consolidated profit after tax
- ₹2,600 crore, up 83% year-on-year
- Consolidated revenue
- ₹20,667 crore, up 19% year-on-year
- Consolidated EBITDA
- ≈₹2,300 crore, up 10%; margin 10.9%
- EBIT margin
- 8.5%, down 80 basis points
- Consolidated net cash
- ₹13,500 crore at end of June
- Q1 CV wholesales
- 108,700 units, up 26%; exports up 35%
- EV order pipeline
- More than 3,400 vehicles, including 850-900 electric buses
- Domestic market share (Vahan)
- 36.8%, up 100 basis points sequentially
Quotes
Girish Wagh
Managing Director and CEO of Tata Motors
“"Commodity inflation does remain a major headwind," said Wagh, adding that the company was seeing further increase in Q2.”
thehindubusinessline.com









