Tata Motors
Tata Motors in trouble? PV shares fall 7 percent as JLR posts steep quarterly decline
Mumbai/IBNS: The shares of Tata Motors Passenger Vehicles (TMPV) Ltd. on Monday tanked by a major margin after its luxury arm Jaguar Land Rover (JLR) reported a sharp decline in its quarterly financial performance, media reports said.
The shares declined by 7.27% to Rs. 363.15.
In the September quarter, JLR reported a 24.3% year-on-year decrease in revenue in Q2 of FY 2025-26.
JLR, which is the major source of Tata Motors' profits, is going through a decline in the demands of its premium cars in China and component shortages.
The production was halted for five weeks after a cyberattack.
The revenue from operations fell around 13–14 percent year-on-year to about Rs. 72,300 crore.
Excluding the exceptional gain, the business would have recorded a loss of roughly Rs. 6,368 crore.
In its domestic India PV business, standalone revenue rose 6 percent to Rs. 12,751 crore, but EBITDA fell sharply to Rs. 303 crore and margin compressed to 2.4%.
The JLR segment recorded a 24.3% drop in revenue, took a £485 million loss before tax and exceptional items, and cut its full-year EBIT margin guidance to 0-2 percent (from 5-7 percent).
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