Q4 Results: Tata Motors Passenger Vehicles Surges Over 4% in Early Trade; Revenue Jump 7.2%

Mumbai, May 15: Shares of Tata Motors Passenger Vehicles Limited (TMPV) emerged as the standout gainer on the Nifty 50 on Friday, surging sharply in early trade on the back of strong Q4FY26 financial results that underscored the automaker’s steady operational turnaround amid a challenging global environment.

On Friday’s morning session, TMPV opened at ₹352.00 against its previous close of ₹338.75 and shot up swiftly to a day’s high of ₹366.95 a surge of over 8 per cent from the previous close at the peak before paring some gains. The stock was last trading at ₹353.50, up ₹14.30 or 4.22 per cent, as buyers remained active through the morning session. The day’s low stood at ₹352.00, indicating that the stock held its opening level as a firm support base even as it pulled back from the high, with volumes suggesting sustained buying interest.

On the weekly chart, TMPV has staged a meaningful reversal after a period of sustained decline. The stock had been trading in the ₹336–338 band through much of the week of May 8 to May 14, slipping steadily from its level of around ₹355 at the start of the week, before finding a floor near ₹337. Friday’s sharp gap-up open on the back of results has broken that downtrend decisively, with the stock recovering nearly 5 per cent from its weekly low, suggesting a potential shift in momentum heading into the next week.

Q4FY26 Consolidated Results – Year-on-Year Comparison

Tata Motors Passenger Vehicles posted a resilient Q4FY26 performance on a consolidated basis. Net profit came in at Rs 5,783 crore for the quarter ended March 31, 2026, as soaring raw material costs offset higher sales at its luxury JLR unit. Its net profit was Rs 8,470 crore in the year-ago period, showing a decline of 32%. Revenue from operations rose 7.2 per cent YoY to ₹1,05,447 crore in Q4FY26, compared to ₹98,377 crore in Q4FY25. 

EBITDA for the quarter came in at ₹13,851 crore against ₹14,155 crore in the year-ago period, reflecting pressure from elevated costs and adverse currency movements. EBITDA margin contracted to 13.1 per cent in Q4FY26 from 14.4 per cent in Q4FY25, a compression of 130 basis points. Profit before tax before exceptional items stood at ₹7,167 crore in Q4FY26, compared to ₹10,198 crore in Q4FY25, with JLR’s operational headwinds and production disruptions following a cyber incident weighing heavily on profitability.

Full Year FY26 – Annual Consolidated Figures

For the full year FY26, consolidated revenue from operations stood at ₹3,35,582 crore, against ₹3,66,094 crore in FY25, a decline of 8.3 per cent YoY, largely on account of JLR’s volume pressures. EBITDA for FY26 came in at ₹22,911 crore versus ₹49,123 crore in FY25. EBITDA margin contracted sharply to 6.8 per cent from 13.4 per cent. PBT before exceptional items stood at ₹2,519 crore for FY26, against ₹28,650 crore in FY25, reflecting the full-year impact of cyber disruptions, China market challenges, and elevated global energy costs on the group’s operations.

Source:

• https://www.nseindia.com/get-quote/equity/TMPV/Tata-Motors-Passenger-Vehicles-Limited