Tata Motors Passenger Vehicles Ltd (TMPVL) reported a 32% decline in consolidated profit after tax (PAT) at ₹5,783 crore for the fourth quarter ended March 31, 2026, compared to ₹8,470 crore in the year-ago period.
The company posted revenue of ₹105,447 crore during the quarter, up 7.2% year-on-year.
The company reported a profit after tax of ₹82,390 crore for FY26, compared to ₹27,830 crore a year ago, up 196% year-on-year. FY26 revenue declined 8.3% year-on-year to ₹335.582 crore.
“On a full-year basis, profitability was impacted by a number of headwinds at Jaguar Land Rover (JLR), including the cyber incident, tariffs, China luxury tax, VME pressure and unfavorable commodity prices,” the company said in a filing.
Consolidated net debt was at ₹30,700 crore mainly due to adverse free cash flow due to production halt at JLR.
The board has recommended a final dividend of ₹3 per share.
Looking ahead, the company said it will need to keep an eye on global geopolitical and regulatory challenges for supply-chain risks and cost constraints.
The company said, “We will leverage healthy demand and continue to deliver profitable and industry-beating growth in the domestic business while reducing margin constraints through structural cost reductions. We will continue to drive growth at JLR by leveraging the house of brands in focused markets, with impeccable delivery of exciting launches over the next 18 months.”
Dhiman Gupta, Chief Financial Officer, TMPVL, said, “Overall, FY26 was a tale of two halves. While the domestic business saw strong momentum post-GST 2.0, at JLR we saw several headwinds, including tariffs and the cyber incident. In Q4 FY26, all consolidated financial metrics improved significantly as JLR operations recovered post the cyber incident and the domestic business continued its positive trajectory.”
“Going forward, we will continue to build our resilience through a number of product interventions and cost-side actions, while the global geopolitical environment and commodity prices remain key monitors,” he said.
JLR’s revenue for the quarter was £6.9 billion, down 11% from Q4FY25, and £22.9 billion for FY26, down 21% year-on-year.
The continued planned discontinuation of outgoing Jaguar models ahead of the launch of the new Jaguar and the competitive environment the automotive industry faces in China impacted volumes and profitability year-on-year. The company said profitability has been impacted by rising tariffs in the US.
PAT in the quarter was £365 million, compared to a profit of £640 million in the same quarter a year ago. For the full year, loss after tax was £244 million, compared with a profit of £1.8 billion the previous year.
Chief Executive Officer PB Balaji said, “JLR faced a challenging year, with revenues and profits impacted by multiple headwinds, including production disruptions following a cyber incident. We made a good recovery in the fourth quarter as production returned to normal levels, reflecting the commitment of our people, suppliers and retail partners.”
He added, “As we look ahead to fiscal 2027, we are focused on driving growth across our distinct brand houses and reducing our break-even volumes, while also launching a number of exciting products, starting with the new Range Rover Electric, the unveiling of the first of our EMA products, and the eagerly awaited new Jaguar.”
On a standalone basis, the company reported revenue of ₹18,598 crore in the fourth quarter, up 43% year-on-year. Net profit declined by more than half to ₹455 crore. FY26 revenue was ₹58,500 crore.
Shailesh Chandra, Managing Director and CEO, TMPVL, said, “FY26 has been a historic year for the company, marked by many significant achievements. We have achieved our highest ever annual sales of over 6.4 lakh units, leading the industry to grow by 15% YoY and we have emerged as the second largest player in H2FY26.”
“In electric vehicles, we have strengthened our leadership position by continuously focusing on strengthening the overall value proposition of our vehicles and holistically addressing the barriers to adoption, thereby accelerating the journey towards EVs becoming the mainstream choice for customers. This resulted in a strong growth of 43% year-on-year and our highest ever annual EV volume of over 92,000,” he said.
“Q4 FY26 was an excellent quarter in which we recorded 37% year-on-year growth to record our highest quarterly sales of over 200,000 units. During the quarter, we delivered approximately 30,000 units of Sierra and launched new versions of the popular Punch and Punch.EV to strong customer appreciation. This consistent growth has helped us drive sequential margin improvement throughout the year. Going forward, we continue to maintain this strong momentum Will keep, distribute.” The industry is tracking growth and increasing profitability through focused actions, while closely monitoring geopolitical developments to mitigate supply-side risks,” he said.
published – May 14, 2026 10:14 PM IST