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Tata Motors (TMCV)₹436.65+1.84%Commercial Vehicles
In the Sep 2026 quarter (consolidated), Tata Motors reported sales of ₹25,269 Cr, up 36.3% from Sep 2025, and net profit of ₹1,251 Cr. For the year to Mar 2026, sales were ₹83,684 Cr and net profit ₹3,019 Cr.
Company filings, consolidated accounts; latest reported quarter Sep 2026
| Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 17,476 | 18,779 | 21,809 | 17,269 | 18,538 | 21,782 | 26,045 | 20,624 | 25,269 |
| Expenses | 15,816 | 16,790 | 19,427 | 15,233 | 16,561 | 19,253 | 22,761 | 18,538 | 22,683 |
| Operating Profit | 1,709 | 2,034 | 2,433 | 2,076 | 2,032 | 2,589 | 3,330 | 2,138 | 2,649 |
| OPM % | 10.1% | 11.1% | 11.1% | 12.1% | 11.1% | 12.1% | 13.1% | 10.1% | 10.1% |
| Other Income | 206 | 405 | 71.78 | 331 | −1,860 | −978 | −27.92 | 1,471 | −10.97 |
| Interest | 410 | 353 | 320 | 255 | 257 | 199 | 167 | 136 | 100 |
| Depreciation | 540 | 556 | 591 | 479 | 471 | 482 | 509 | 507 | 538 |
| Profit before tax | 966 | 1,534 | 1,595 | 1,678 | −562 | 927 | 2,627 | 2,972 | 2,002 |
| Tax % | 47.9% | 12.0% | 15.9% | 16.9% | 54.9% | 23.9% | 31.9% | 13.9% | 36.9% |
| Exceptional items | −17.95 | −20.96 | −218 | −7.98 | −1,726 | −1,124 | −308 | 907 | −307 |
| Net Profit | 496 | 1,351 | 1,336 | 1,392 | −863 | 703 | 1,787 | 2,546 | 1,251 |
| EPS (Rs) | — | — | — | — | — | 1.90 | 4.86 | 6.94 | 3.40 |
| Mar 2025 10m | Mar 2026 | TTM | |
|---|---|---|---|
| Sales | 58,093 | 83,684 | 93,720 |
| Expenses | 52,016 | 76,206 | 83,235 |
| Operating Profit | 6,174 | 7,623 | 10,706 |
| OPM % | 11.1% | 9.1% | 11.4% |
| Other Income | 683 | −135 | 454 |
| Interest | 1,084 | 877 | 601 |
| Depreciation | 1,688 | 1,941 | 2,036 |
| Profit before tax | 4,093 | 4,671 | 8,528 |
| Tax % | 21.9% | 34.9% | — |
| Exceptional items | −247 | −926 | −833 |
| Net Profit | 3,181 | 3,019 | 6,286 |
| EPS (Rs) | — | 8.22 | 17.10 |
| Dividend payout % | 0.0% | 49.0% | — |
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Equity Capital | 0.00 | 735 |
| Reserves | 10,555 | 12,037 |
| Borrowings | 9,909 | 5,610 |
| Other Liabilities | 26,310 | 33,857 |
| Total Liabilities | 46,773 | 52,237 |
| Fixed Assets | 13,643 | 13,931 |
| CWIP | 1,877 | 2,030 |
| Investments | 5,290 | 13,302 |
| Other Assets | 25,963 | 22,975 |
| Inventories | 4,638 | 5,458 |
| Trade receivables | 3,062 | 2,717 |
| Cash & equivalents | 2,271 | 7,791 |
| Total Assets | 46,773 | 52,237 |
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Cash from operating activity | 8,528 | 14,954 |
| Cash from investing activity | 455 | −3,885 |
| Cash from financing activity | −7,973 | −5,229 |
| Net cash flow | 1,038 | 5,886 |
| Capex | 1,661 | 2,243 |
| Free cash flow | 6,994 | 12,863 |
| CFO / OP % | 139.0% | 209.0% |
| Mar 2025 | Mar 2026 | |
|---|---|---|
| Debtor days | 20 | 13 |
| Inventory days | 44 | 36 |
| Days payable | 134 | 101 |
| Cash conversion cycle | −73 | −55 |
| Working capital days | −43 | −88 |
| ROCE % | — | 36.0% |
For the Sep 2026 quarter, Tata Motors reported sales of ₹25,269 Cr, up 36.3% year on year and net profit of ₹1,251 Cr. The operating margin was 10.1%.
Tata Motors' sales for the year to Mar 2026 were ₹83,684 Cr; over the last twelve months they were ₹93,720 Cr.
Net profit for the year to Mar 2026 was ₹3,019 Cr, and ₹6,286 Cr over the last twelve months. Earnings per share over the same trailing period were ₹17.10.
Tata Motors reported borrowings of ₹5,610 Cr at Mar 2026, against cash and equivalents of ₹7,791 Cr.
Cash from operations was ₹14,954 Cr in the year to Mar 2026; after capital spending, free cash flow was ₹12,863 Cr.