Tata Motors saw its Q2 revenue jump 42 per cent on a standalone basis and 36 per cent cumulatively, India’s commercial autogiant announced today.
Consolidated revenue hit ₹23,930 crore for the September quarter, while it recorded a 90 basis point sllip in EBITDA margin of 11.7 per cent, which it attributed to "significant impact from rising commodity costs".
"Strong operating leverage, disciplined pricing actions, and rigorous cost-efficiency measures helped partially mitigate the impact of commodity inflation," the automaker added, while reversing to a net profit of ₹2,062 crore vs a loss of ₹1,107 crore from the same period a year ago.
Total wholesales for Q2 jumped 42 per cent to 1.35 lakh units, with domestic and export volumes up 30 per cent and 177 per cent YoY, respectively.
Tata Motors also said that its overall domestic CV VAHAN market share for H1FY27 stood at 36.2 per cent, up 110 bps from FY26.
"With H1FY27 volumes up 35 per cent, we remain well positioned for a robust FY27, even as growth rates are expected to moderate in the second half against a higher base. Core macroeconomic indicators, sustained infrastructure activity and stable fleet utilisation continue to support freight demand, while interest rates, diesel prices and the broader economic environment remain key monitorables," said Tata Motors MD-CEO Girish Wagh.
"Despite significant commodity cost pressures, particularly in steel and rubber, we maintained margins sequentially through rigorous cost management, operating efficiencies and calibrated pricing actions," added Tata Motors CFO G.V. Ramanan.
According to the automaker, it faced commodity cost pressures in the first half of the fiscal year. On Friday, Tata Motors stock slumped 4.4 per cent bringing its five-day slide to almost 6 per cent.
