Tata Motors Passenger Vehicles (TataMotorsPV) has announced its second-quarter financial results, showing a mixed performance with strong top-line growth but an unexpected bottom-line loss.
On the revenue front, the company reported a healthy 34.0% year-on-year (YoY) jump to ₹96,920 crore, compared to ₹72,349 crore in the same period last year. However, this figure fell slightly short of the CNBC-TV18 poll estimate of ₹1 lakh crore.
Operating performance saw a major turnaround. The company posted an EBITDA profit of ₹4,866 crore, recovering sharply from an EBITDA loss of ₹1,404 crore in the year-ago quarter. Despite this positive YoY operational shift, the EBITDA figure missed street expectations, which had pegged it at ₹7,354 crore.
The biggest surprise came on the net profit front. Tata Motors PV reported a net loss of ₹5,531 crore for the quarter, standing in stark contrast to the massive net profit of ₹76,170 crore recorded in Q2 of the previous financial year.
This sharp bottom-line dip was heavily impacted by one-time costs. The company booked exceptional items worth ₹6,738 crore in Q2FY27, significantly higher than the ₹2,608 crore recorded in Q2FY26. Overall, while core demand and operational profitability improved year-on-year, higher exceptional charges and missed analyst estimates weighed on the quarterly scorecard.
