Cars & Utility Vehicles company Tata Motors Passenger Vehicles announced Q1FY27 results Consolidated Financial Highlights: Revenue from Operations: In Q1FY27, consolidated revenue stood at Rs 95,799 crore, representing a growth of 9.3% YoY from Rs 87,677 crore in Q1FY26 and a decrease of 9.15% QoQ from Rs 1,05,447 crore in Q4FY26. Total Income: Total income for Q1FY27 was Rs 96,928 crore, up 9.03% YoY compared to Rs 88,903 crore in Q1FY26 and down 9.48% QoQ from Rs 1,07,080 crore in Q4FY26. Profit Before Tax (bei): PBT (before exceptional items) stood at Rs 1,606 crore in Q1FY27, a decrease of 59.34% YoY from Rs 3,950 crore in Q1FY26 and a decline of 77.59% QoQ from Rs 7,167 crore in Q4FY26. Profit After Tax (PAT): Consolidated PAT for Q1FY27 was Rs 859 crore, down 78.54% YoY from Rs 4,003 crore in Q1FY26 and down 85.39% QoQ from Rs 5,878 crore in Q4FY26. Free Cash Flow (FCF): The Consolidated FCF was Rs (11,800) crore in Q1FY27 primarily on account of seasonal working capital impact, resulting in a Net Debt of Rs 42,200 crore. Standalone Financial Highlights: Total Revenue from Operations: For Q1FY27, standalone revenue reached Rs 17,535 crore, an increase of 58.86% YoY from Rs 11,038 crore in Q1FY26 and a decrease of 5.72% QoQ from Rs 18,598 crore in Q4FY26. Total Income: Standalone total income stood at Rs 17,993 crore in Q1FY27, up 11.81% YoY from Rs 16,093 crore in Q1FY26 and down 4.70% QoQ from Rs 18,880 crore in Q4FY26. Profit from Continuing Operations: Profit for the period from continuing operations was Rs 75 crore in Q1FY27, down 98.05% YoY from Rs 3,854 crore in Q1FY26 and down 83.52% QoQ from Rs 455 crore in Q4FY26. Earnings Per Share (EPS): Basic and Diluted EPS from continuing operations stood at Rs 0.20 for Q1FY27, compared to Rs 10.47 and Rs 10.46 respectively in Q1FY26. Business Highlights: Segment Performance - Jaguar Land Rover (JLR): JLR reported revenue of GBP 6.0 billion in Q1FY27, down 9.6% YoY, reflecting a 9.2% reduction in wholesale volumes. EBITDA margin stood at 8.1% (down 120 bps YoY) and EBIT margin at 2.8% (down 120 bps YoY). PBT (bei) was GBP109 million, down 68.9% YoY, impacted by adverse FX and other revaluations. Volumes were impacted by temporary supply constraints, including a fire at a major component supplier, market disruption linked to the Middle East conflict, and planned wind-down of outgoing Jaguar models. Segment Performance - Tata Passenger Vehicles (Tata PV): Revenue for Q1FY27 was Rs 17,930 crore, recording a strong growth of 64.8% YoY. EBITDA margin was 4.3% (up 30 bps YoY) and EBIT margin was (0.5)% (up 230 bps YoY). PBT (bei) reached Rs 11.0 crore, an improvement of Rs 134 crore compared to Q1FY26. Tata PV volumes grew 46% YoY, significantly outperforming the industry, with EV volumes growing by 112% YoY. Vahan market share stood at 14.3%, retaining the #2 position in Q1FY27. EV Vahan market share remained steady at 39%. Corporate Updates: A Composite Scheme of Arrangement for the demerger of the commercial vehicles business of the Company into Tata Motors Limited was approved by NCLT with an effective date of October 1, 2025. Pursuant to this, the standalone books reflected a gain of Rs 82,318 crore in FY26. Dhiman Gupta, Chief Financial Officer, TMPVL said: “Q1FY27 was a quarter where we focused on carrying forward the growth momentum in the domestic business and preparing for an important transition year at JLR. Some of the challenges of FY26 i.e. supply constraints and elevated commodities / FX continued to impact performance in Q1 FY27. We delivered a resilient quarter and are confident to drive growth through new launches, debottleneck supply constraints, and take focused actions to deliver margin improvements.” PB Balaji, Chief Executive Officer, JLR said: "JLR delivered first quarter profits of GBP 109 million and an adjusted EBIT margin of 2.8%. Despite the near-term industry challenges, we continue to see strong demand for our brands and look forward to the launch of four sensational new products in the coming months: Range Rover Electric, Range Rover Sport Electric, Range Rover GT and Jaguar Type 01. I would like to thank all our people, suppliers and retail partners for their continued dedication, resilience and support.” Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles said: “Q1FY27 marked a strong start to the year for Tata Motors PV, with industry-beating 46% YoY volume growth driven by robust customer demand and the success of our recent launches. Our leadership in electric mobility strengthened further, with record quarterly EV volumes of over 34,000 units and 112% YoY growth. The new avatars of Tiago and Punch have received a strong response, with robust bookings across powertrains, reinforcing the strength of our multi-powertrain strategy. We are encouraged by the growing adoption of EVs across segments and the rapid mainstreaming of electric mobility in India. While supply constraints affected Sierra volumes during the quarter, customer interest remains strong and the Sierra.ev has seen a positive response. In Q1FY27, we delivered a resilient financial performance while being impacted on account of elevated levels of commodity and forex. Supported by a strong order book, exciting product pipeline, sustained demand, and focused margin improvement initiatives, we remain confident of maintaining growth momentum and delivering sequential improvement through the rest of the year.” Result PDF