Tata Motors Limited Q2 FY26 earnings call summary

Earnings call of 13 Nov 2025, summarised by AI from the filing.

Tata Motors CV Q2 FY26 revenue ₹18.4 cr, EBITDA margin 12.2%, PBT ₹1,700 cr; expects H2 growth.

Key takeaways

1. Q2 results Revenue ₹18.4 cr, up 6.6% Y-o-Y; EBITDA margin 12.2%; PBT ₹1,700 cr; ROCE 45%.
2. Demerger Demerger completed with effective date 1st October; commercial vehicle business listed as Tata Motors Limited with ticker TMCV.
3. GST benefit Passed entire GST reduction benefit to customers through price cuts, boosting demand.
4. Risk Mark-to-market loss of ₹2,000 cr on Tata Capital investment impacted reported profits.

Original filing on BSE

Tata Motors Limited Q1 FY27 results

As filed: Revenue ₹19,329 cr, EBITDA ₹2,176 cr, PAT ₹1,528 cr, EBITDA margin 11.3%.

Not scored. No result for the same quarter last year.

Earlier results and the share price after them

• Q4 FY26: Revenue ₹24,452 cr, EBITDA ₹3,307 cr, PAT ₹2,406 cr, EBITDA margin 13.5%. Not scored. No result for the same quarter last year. Share price after the results: −8.1% in 30 days (Nifty 500: −1.4%).
• Q3 FY26: Revenue ₹20,404 cr, EBITDA ₹2,606 cr, PAT ₹561 cr, EBITDA margin 12.8%. Not scored. No result for the same quarter last year. Share price after the results: +11.7% in 29 days (Nifty 500: +0.1%).
• Q2 FY26: Revenue ₹16,861 cr, EBITDA ₹2,077 cr, PAT −₹1,021 cr, EBITDA margin 12.3%. Not scored. No result for the same quarter last year. Share price after the results: +16.4% in 29 days (Nifty 500: −0.4%).

Past price moves after results do not indicate future moves. Not a recommendation.

Tata Motors Limited earnings call, investor presentation and press release summaries

• Q1 FY27: Earnings call (12 Aug 2026), Results deck (12 Aug 2026)
• Q4 FY26: Earnings call (13 May 2026), Results deck (13 May 2026)
• Q3 FY26: Earnings call (29 Jan 2026), Results deck (29 Jan 2026), Results deck (29 Jan 2026)
• Q2 FY26: Earnings call (13 Nov 2025), Results deck (13 Nov 2025)