Tata Motors CV posts Rs 2,138 crore Q2 revenue
The firm posted a standalone internet revenue, together with three way partnership Tata Cummins, of ₹2,138 crore for the second quarter, in contrast with a lack of ₹1,021 crore a 12 months earlier. The common of analyst estimates compiled by Bloomberg was for a internet revenue Rs 1933.5 crore.
Revenue from operations rose 42% to ₹23,930 crore.
Improved fleet utilisation, stronger items motion and better industrial exercise and mining output boosted industrial automobile gross sales through the quarter, managing director and chief government Girish Wagh mentioned in a post-earnings media name.
“Even as we count on progress within the second half of the 12 months to average on account of final 12 months’s excessive base, the trade ought to finish FY27 with double-digit progress and Tata Motors is more likely to outperform,” he mentioned.
The firm generated free money movement of ₹4,606 crore through the quarter, taking its internet money place to ₹11,300 crore.
Wagh mentioned Tata Motors maintained margins sequentially by means of price administration, operational efficiencies and calibrated pricing actions, regardless of increased metal and rubber prices. The margin at 11.7%, nonetheless, fell 0.9 share factors from a 12 months earlier.The standalone outcomes additionally included an distinctive acquire of ₹218 crore, primarily as a result of reversal of provisions underneath labour codes.
On a consolidated foundation, together with contributions from subsidiaries, the corporate reported a internet revenue of ₹1,257 crore, in contrast with a lack of ₹867 crore a 12 months earlier. Revenue rose greater than 36% to ₹25,338 crore from ₹18,585 crore.
The firm attributed the development in consolidated revenue partly to a decrease mark-to-market loss on investments in Tata Capital Ltd. Its consolidated internet money place stood at ₹15,900 crore on the finish of September.
Total wholesale volumes rose 42% to 135,100 models through the quarter, with home gross sales rising 30% and exports rising 177%. It had a 36.2% share in India’s industrial automobile market within the first half of FY27, in contrast with 35.1% in FY26.
