Earnings before interest, tax, depreciation and amortisation (EBITDA) increased 8.6% year-on-year to ₹2,640 crore from ₹2,431 crore, while the EBITDA margin stood at 15.83%, compared with 11.98% in the year-ago period.
The company’s consolidated financial results show that total expenses stood at ₹18,038 crore in the June quarter, compared with ₹15,982 crore a year earlier.
Sequential performance
On a sequential basis, consolidated profit attributable to owners rose 42.78% from ₹1,793 crore in the March quarter. Revenue from operations, however, declined 20.81% from ₹26,098 crore in the preceding quarter.
Total expenses fell 25.26% sequentially to ₹18,038 crore from ₹24,134 crore.
At the segment level, the automotive and related activity generated revenue of ₹20,398 crore in Q1 FY27, compared with ₹25,786 crore in the March quarter and ₹17,138 crore in the year-ago quarter. Within this, commercial vehicle revenue stood at ₹20,384 crore, against ₹25,699 crore sequentially and ₹17,008 crore a year earlier.
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According to the company, Tata Motors reported total wholesales of 108,700 units in Q1 FY27, up 26% year-on-year. Domestic and export volumes increased 26% and 35%, respectively. The company’s overall domestic commercial vehicle VAHAN market share stood at 36.8%, up 100 basis points sequentially. Category-wise market share stood at 56.3% for heavy commercial vehicles, 36.9% for intermediate and light commercial vehicles, 27.7% for small commercial vehicles and pickup vehicles, and 41.3% for commercial vehicle passenger vehicles.
Tata Motors Managing Director and Chief Executive Officer Girish Wagh said the commercial vehicle industry remained resilient in the June quarter, supported by India’s strong economic fundamentals, healthy fleet utilisation and sustained demand across key sectors. He attributed the company’s performance to its product portfolio, focused market interventions and disciplined execution, saying these efforts helped strengthen customer preference and consolidate its market position.
“Our ecosystem-led approach to electrification continued to gain momentum,” Wagh said, pointing to a growing order pipeline across segments. The electric small commercial vehicle segment recorded its strongest-ever performance, with salience at around 10% during May and June and market share at around 47% in the quarter. Wagh said this underscored the increasing adoption of electric commercial vehicles and the strength of Tata Motors’ integrated electric vehicle ecosystem.
Looking ahead, Wagh said the company remained focused on a robust product portfolio, continued innovation and delivering better customer value. He said Tata Motors remained confident of strengthening its market leadership and delivering sustainable, profitable growth in the following quarters.
Chief Financial Officer GV Ramanan said the quarter saw healthy growth in revenue and profitability, as free cash flow stood at ₹1.1K crore, with improved business fundamentals, working capital management and financial discipline supporting the performance.
“While commodity pressure continues to persist, we remain confident in our ability to navigate the environment,” Ramanan said. He added that operational efficiencies, pricing discipline and proactive supply chain management would remain key to delivering resilient margins and profitable growth.
Also read: What N Chandrasekaran’s exit means for Tata Group stocks
Shares of Tata Motors ended 1.61% lower at ₹342 on the National Stock Exchange ahead of the company’s earnings announcement today.
The results come at a significant juncture for the Tata Group, with Tata Sons Chairman N Chandrasekaran set to step down from the board’s leadership when his current term ends on February 20, 2027.
Chandrasekaran has decided not to offer himself for reappointment and has written to the Tata Sons board, asking it to begin the succession process soon to ensure an orderly transition. In his statement, Chandrasekaran said he had completed 40 years of professional life at the Tata Group and described the opportunity to contribute to the institution as “immensely satisfying”. He will continue to serve as Chairman until the end of his current tenure.
