Tata Motors Passenger Vehicles (TMPV) on Friday reported a consolidated net loss of ₹5,451 crore from continuing operations in Q2 FY27, lower than the ₹6,368 crore loss recorded in the year-ago quarter. This came as Jaguar Land Rover (JLR) recovered from the cyberattack-related disruption that had impacted its operations a year earlier, alongside strong growth in the domestic passenger vehicle business.
The recovery in revenue, however, was not enough to prevent a reported quarterly loss. Consolidated revenue from operations increased 34 per cent year on year to ₹96,920 crore, compared with ₹72,349 crore in Q2 FY26.
The automaker saw exceptional charges of ₹6,738 crore during the September quarter, mainly towards employee separation costs and asset impairments. Consequently, its consolidated net loss attributable to shareholders stood at ₹5,531 crore.
This was in contrast to a net profit of ₹76,170 crore in the corresponding quarter last year, when the results included a substantial exceptional gain from the demerger of the commercial vehicle business. The two reported figures are therefore not directly comparable.
The recovery at JLR was also reflected in TMPV's consolidated EBITDA margin, which improved 630 basis points year on year to 6.2 per cent. The comparison benefited from the disruption caused by the cyber incident at JLR in the year-ago period. On a sequential basis, margins came under pressure from an unfavourable product mix and continued commodity cost pressures.
JLR Revenue Grows 20.3%
JLR's revenue rose 20.3 per cent year on year to £5.89 billion in Q2 FY27, with higher wholesale volumes in the UK and overseas markets offsetting declines in China and West Asia.
Despite the revenue growth, profitability remained restricted by an adverse market and model mix. JLR reported a profit before tax and exceptional items of £6 million, compared with a loss of £485 million in the year-ago quarter. Its EBITDA margin stood at 6.6 per cent.
