Tata Motors Q2 FY27 Results: Consolidated Revenue Rises 36% To ₹25,338 Crore, Company Returns To Profit

  • Posted: 23 Oct 2026, 7:43 PM IST
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Tata Motors Q2 FY27 Results: Consolidated Revenue Rises 36% To ₹25,338 Crore, Company Returns To Profit
Tata Motors’ commercial vehicle sales rose 42% in Q2 FY27, while its consolidated profit returned to positive territory.
Summary

Tata Motors reported 36% YoY growth in consolidated revenue to ₹25,338 crore in Q2 FY27. Consolidated profit after tax (PAT) stood at ₹1,253 crore, compared with a loss of ₹867 crore a year earlier. Commercial vehicle wholesales increased 42% to 135,100 units.

Tata Motors Commercial Vehicles (TMCV) reported consolidated revenue from operations of ₹25,338 crore in Q2 FY27, up 36.3% year-on-year (YoY). Consolidated profit after tax (PAT) reached ₹1,253 crore, compared with a loss of ₹867 crore in Q2 FY26.

The company’s earnings presentation also showed higher commercial vehicle volumes, improved free cash flow and a stronger net cash position. Commercial vehicle wholesales rose 42% to 135,100 units during the quarter.

The Tata Motors share price closed at ₹396 on 23 October 2026 on the National Stock Exchange (NSE), down by 4.41%.

Tata Motors Q2 Results: Other Key Highlights

Consolidated earnings before interest, tax, depreciation and amortisation (EBITDA) increased 31.1% to ₹2,770 crore. The EBITDA margin stood at 10.9%, down from 11.3% a year earlier. Earnings before interest and tax (EBIT) rose to ₹2,274 crore from ₹1,630 crore.

Profit before tax and exceptional items increased to ₹1,780 crore from a loss of ₹551 crore. The company reported exceptional items of ₹218 crore in Q2 FY27.

For the first half of FY27, consolidated revenue rose 28.1% to ₹46,005 crore. PAT increased to ₹3,809 crore from ₹530 crore in H1 FY26, while free cash flow reached ₹3,400 crore.

What Drove Growth In Commercial Vehicle Operations?

Quarterly wholesales increased across major segments. Heavy commercial vehicle volumes rose 41% to 33,800 units, while intermediate, light and medium commercial vehicle volumes grew 24% to 20,800 units. Small commercial vehicles and pickups increased 27% to 44,000 units.

International business volumes rose 177% to 21,100 units, supported by an Indonesia order. Electric vehicle volumes grew 143% during the quarter, while small commercial electric vehicle retail volumes exceeded 4,400 units.

Tata Motors said freight activity remained strong during Q2, supported by infrastructure execution, mining output and festive inventory stocking. It also partnered with Welspun Renewable Energy to develop an 86-megawatt wind-solar hybrid project and collaborated with Petronas on a used-oil recycling model.

Also Read - IndusInd Bank Q2 FY27 Results: Profit Reached ₹1,242 Crore And Gross NPA Fell To 2.73%; Shares Ended The Day In Red

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About the Author
Vishwa Ved
Vishwa Ved

Vishwa has spent 10+ years across fintech and FMCG doing what most people miss, connecting the dots, catching trends before they trend, and finding the angle nobody else thought to ask about.

At Kotak Neo, she drives content strategy for neoshorts, Kotak News Desk, and Investing Guide, turning market noise into something worth reading.

When she's not decoding markets, she trades charts for canvases, chasing art, painting, and architecture across cities she's yet to explore.

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