Tata Motors PV Q1 Results FY27 Preview: Tata Motors PV’s Q1 FY27 earnings preview sees a poor sequential performance with a dip in revenue, EBITDA and adjusted profits compared to the previous quarter, according to ET Now research estimates.
The standalone revenues for Q1 FY27 are seen at Rs 9,284 crore, declining 12 per cent sequentially from Rs 10,544 crore in Q4 FY26.
The EBITDA is expected to drop 49 per cent QoQ to Rs 6,373 crore from Rs 12,532 crore in the previous quarter. The EBITDA margin is estimated at 6.9 per cent versus 11.9 per cent in Q4 FY26.
The adjusted profit is seen falling 71 per cent QoQ to Rs 1,666 crore from Rs 5,783 crore. The year-over-year comparisons are not possible due to the demerger of the commercial vehicle business.
But the India margins are seen contracting year-on-year on pressure from rising commodity costs and the increasing mix of electric vehicles.
At Jaguar Land Rover, wholesales declined amid supply constraints, including disruption caused by a supplier fire. JLR margins are expected to see a sharp sequential contraction.
At the consolidated level, revenue and EBITDA growth are being supported by strong volumes, although the benefit is being offset by higher commodity costs.
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Tata Motors PV Q1 Results FY27 Preview
Demand trends in the India passenger vehicle and JLR businesses will remain in focus.
Investors will also track commodity cost movements and their impact on margins. JLR’s supply chain recovery and the pace of volume normalisation will be key factors to watch.
The performance of recent launches and changes in the electric vehicle mix will also remain on the radar.
In 2024, Tata Motors announced the demerger of its businesses into two separate entities.
As part of the demerger, the commercial vehicles business and related investments were moved into one company, while the passenger vehicles business, including PV, electric vehicles, Jaguar Land Rover and related investments, formed the other entity.
