Tata Motors’ consolidated net profit fell 62.2% YoY to ₹4,003 crore in Q1 FY26.
Q1 FY25 profit was ₹10,587 crore, boosted by a ₹4,975 crore gain from the sale of discontinued operations after the amalgamation of Tata Motors Finance Ltd into Tata Capital Ltd.
Total revenue from operations slipped to ₹1,04,407 crore from ₹1,07,102 crore a year earlier.
The TMFL–Tata Capital amalgamation resulted in equity shares worth ₹8,016 crore over net asset value as of April 1, 2024.
Tata Motors on Friday reported a 62.2% decline in consolidated net profit to ₹4,003 crore in the June quarter, impacted by volume decline across segments, drop in JLR profits and high base effect due to gain from sale of discontinued operations.
The auto major had posted a consolidated net profit of ₹10,587 crore in the April-June quarter of the previous fiscal, Tata Motors Ltd (TML) said in a regulatory filing.
During the quarter, its total revenue from operations stood at ₹1,04,407 crore against ₹1,07,102 crore in the year-ago period, it added.
TML's performance in the quarter was impacted by volume decline in all businesses and a drop in profitability primarily at JLR, the company said.
Following the amalgamation of Tata Motors Finance Ltd (TMFL) - a wholly-owned step-down subsidiary of the company - into Tata Capital Ltd, the company had received equity shares of TCL amounting to ₹8,016 crore over the book value of net assets transferred as at appointed date of April 1, 2024, translating to ₹4,975 crore as gain on sale of discontinued operation in consolidated results, the filing said.
