Tata Motors Q2 FY27 consolidated revenue Rs 25,338 crore, PAT Rs 1,253 crore
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Tata Motors Q2 FY27 consolidated revenue Rs 25,338 crore, PAT Rs 1,253 crore

Tata Motors Limited (consolidated) Q2 FY27 revenue from operations was Rs 25,338.00 cr and PAT Rs 1,253.00 cr, versus Rs 18,585.00 cr and Rs (867.00) cr in Q2 FY26.

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Key takeaways

  • Rs 25,338.00 cr revenue from operations in Q2 FY27 vs Rs 18,585.00 cr in Q2 FY26.
  • Rs 1,253.00 cr PAT in Q2 FY27 vs Rs (867.00) cr in Q2 FY26.
  • EBITDA Rs 2,770.00 cr in Q2 FY27 vs Rs 2,113.00 cr in Q2 FY26.
  • PBT (bei) Rs 1,780.00 cr in Q2 FY27 vs Rs (551.00) cr in Q2 FY26.
  • EBITDA Margin 10.9% in Q2 FY27 vs 11.3% in Q2 FY26.

Q2 FY27 · consolidated

MetricSep 2026Sep 2025Change
RevenueRs 25,338.00 crRs 18,585.00 cr+36.3%
PATRs 1,253.00 crRs (867.00) cr+244.6%

As reported in the filing. Figures are transcribed, not computed.

What the numbers show

  • Net margin was 4.95% of revenue, up 961 bps from -4.67%.

• Revenue from operations (consolidated, Q2 FY27): Rs 25,338.00 cr, up from Rs 18,585.00 cr in Q2 FY26 (statement of financial results: Tata Motors Limited Consolidated | INDAS | Rs Cr).

• Grant income / incentives: Rs 147.00 cr in Q2 FY27, compared with Rs 82.00 cr in Q2 FY26.

• Revenue from operations including grant income: Rs 25,485.00 cr in Q2 FY27, versus Rs 18,667.00 cr in Q2 FY26.

• Cost of materials consumed: Rs (17,716.00) cr in Q2 FY27, versus Rs (12,506.00) cr in Q2 FY26.

• Employee benefit expenses: Rs (1,580.00) cr in Q2 FY27, compared with Rs (1,447.00) cr in Q2 FY26.

• Other expenses (net): Rs (3,302.00) cr in Q2 FY27, versus Rs (2,389.00) cr in Q2 FY26.

• Product development and engineering expenses: Rs (129.00) cr in Q2 FY27, compared with Rs (204.00) cr in Q2 FY26.

• Exchange gain / (loss) (realized): Rs 12.00 cr in Q2 FY27, versus Rs (8.00) cr in Q2 FY26.

• EBITDA: Rs 2,770.00 cr in Q2 FY27, up from Rs 2,113.00 cr in Q2 FY26.

• Depreciation and amortization: Rs (539.00) cr in Q2 FY27, versus Rs (472.00) cr in Q2 FY26.

• Share of profit / loss of equity accounted investees: Rs 43.00 cr in Q2 FY27, compared with Rs (12.00) cr in Q2 FY26.

• EBIT: Rs 2,274.00 cr in Q2 FY27, versus Rs 1,630.00 cr in Q2 FY26.

• Other income (excl. grant income): Rs 289.00 cr in Q2 FY27, up from Rs 91.00 cr in Q2 FY26.

• Finance cost: Rs (107.00) cr in Q2 FY27, compared with Rs (256.00) cr in Q2 FY26.

• Net gain/(loss) on fair value change of investment at FVTPL: Rs (708.00) cr in Q2 FY27, versus Rs (2,027.00) cr in Q2 FY26.

• Fair value gain on Compulsory Convertible Preference Share: Rs 7.00 cr in Q2 FY27, compared with Rs 0.00 cr in Q2 FY26.

• Unrealized FX gain/(loss), Unrealized commodities: Rs 25.00 cr in Q2 FY27, versus Rs 10.00 cr in Q2 FY26.

• PBT (bei): Rs 1,780.00 cr in Q2 FY27, compared with Rs (551.00) cr in Q2 FY26.

• Exceptional items: Rs 218.00 cr in Q2 FY27, versus Rs (10.00) cr in Q2 FY26.

• PAT: Rs 1,253.00 cr in Q2 FY27, compared with Rs (867.00) cr in Q2 FY26.

• FCF (K Cr): 3.0 in Q2 FY27, versus 2.0 in Q2 FY26.

• EBITDA Margin: 10.9% in Q2 FY27, compared with 11.3% in Q2 FY26.

• EBIT Margin: 8.9% in Q2 FY27, versus 8.7% in Q2 FY26.

According to the statement of financial results for Tata Motors Limited Consolidated | INDAS | Rs Cr, revenue from operations including grant income rose to Rs 25,485.00 cr in Q2 FY27 from Rs 18,667.00 cr a year earlier, with higher cost of materials consumed at Rs (17,716.00) cr versus Rs (12,506.00) cr. EBITDA increased to Rs 2,770.00 cr from Rs 2,113.00 cr, while depreciation and amortization rose to Rs (539.00) cr.

The same table shows EBIT at Rs 2,274.00 cr in Q2 FY27 against Rs 1,630.00 cr in Q2 FY26, with other income (excluding grant income) at Rs 289.00 cr and finance cost lower at Rs (107.00) cr versus Rs (256.00) cr. Net gain/(loss) on fair value change of investment at FVTPL was Rs (708.00) cr in Q2 FY27 compared with Rs (2,027.00) cr in Q2 FY26. PBT (bei) moved to Rs 1,780.00 cr from Rs (551.00) cr, and PAT turned to a profit of Rs 1,253.00 cr in Q2 FY27 from a loss of Rs (867.00) cr in Q2 FY26. EBITDA Margin was 10.9% versus 11.3%, and EBIT Margin was 8.9% versus 8.7% over the same period.

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Tata Motors Q2 FY27: Revenue Rs 25,338 cr | Cruxal