| Management target | Revenue 10.0% |
|---|
| Revenue growth | Consolidated revenue at ₹95.8K Cr; domestic up 65%, JLR down 9.6%. |
|---|---|
| Margins | EBITDA margins flat at 7.4% due to severe commodity cost pressures. |
| Order book | Strong EV order book; JLR inventory balancing ahead of new launches. |
| Demand visibility | Strong domestic demand; China and luxury segments face significant macro headwinds. |
| Management confidence | Cautiously optimistic, focusing on H2 recovery through aggressive new product pipeline. |
Growth
Domestic volumes grew 46% YoY, while JLR wholesales fell 10% due to supply constraints and Middle East conflict.
Outlook
Targeting 10% annual revenue growth; expected margin recovery in H2 via price hikes and cost reductions.
Risks
Elevated commodity inflation (3% residual impact in Q2), China market correction (-25%), and JLR supply chain volatility.
Last quarter's promises, checked
Delivered
- JLR EBIT guidance 0%-2% → delivered 0.7% (= BEAT)
- JLR Cash Loss guidance GBP 2.2B-2.5B → delivered GBP 2.2B (= BEAT)
- Domestic Capex guidance 7.5% of revenue → delivered 7.5% (= BEAT)
Partly delivered
- Sierra production milestone 10K units → supply constraints cited (= PARTIAL)
- PLI accruals target Rs 1,000 Cr → delivered Rs 1,000 Cr but includes Q3 catch-up (= PARTIAL)
Missed
- JLR Wholesales target 300K+ units → delivered 95K in Q4 (= MISS)
Earnings Call Transcript filed with BSE, NSE: TMPV. Summary written with AI assistance from the document.
Tata Motors Passenger Vehicles Ltd: key numbers
- Share price
- ₹281.30
- Market cap
- ₹1,03,603 Cr
- Revenue (annual)
- ₹3,35,582 Cr
- Net profit (annual)
- ₹82,390 Cr
- P/E (TTM)
- 1.3×Sector 32.1×
- Promoter holding
- 42.51%-0.05% QoQ
- FII holding
- 17.11%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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