Tata Motors Passenger Vehicles enters its Q4 earnings print following a record-breaking third quarter that saw volumes climb 22% year-on-year. Investors are now focused on whether the company can sustain this momentum to hit its ambitious 40% growth target for the quarter while navigating ongoing cost pressures.
| Results date | May 14, 2026 |
|---|---|
| Quarter | Q4 FY 2025-2026 |
| Previous quarter revenue | Rs. 15,317 Cr |
| Previous quarter PAT | Rs. 303 Cr |
| Previous quarter EBITDA margin | 7.0% |
| Market cap | Rs. 123,490.41 Cr |
| CMP | Rs. 335.35 |
The board meeting is scheduled for May 14, 2026, to consider the Q4/FY26 results and dividend recommendation.
An investor conference call is scheduled for May 14, 2026, from 6:30 PM to 7:45 PM.
In its most recently reported quarter, Tata Motors Passenger Vehicles posted revenue of Rs. 15,317 Cr, PAT of Rs. 303 Cr, and an EBITDA margin of 7.0%. The company achieved a record 170,500 wholesale units in Q3 FY26, supported by a 100bps sequential improvement in market share to 13.8%. Management has set a target of approximately 40% growth for Q4 FY26, significantly outpacing the industry expectation of 13-14% growth. Operational focus remains on retail market share, with channel inventory reduced to under 15 days at the end of Q3 to strengthen foundations for the final quarter. The upcoming call will likely address the impact of Q4 commodity costs and the progress of the Sierra production ramp-up toward a capacity of 15,000 units per month.
Performance vs Guidance Tracking
Operational and Product Focus
Risks and Headwinds
The company will announce its Q4 FY 2025-2026 results on May 14, 2026.
The board meeting scheduled for May 14, 2026, will consider the recommendation of a dividend for the financial year.
The company reported revenue of Rs. 15,317 Cr for Q3 FY 2025-2026.
Management noted that the supply constraint, driven by engine sharing with the Harrier, is expected to be overcome in the coming months. March capacity for the Sierra was targeted to reach 15,000 units.
The company is targeting mid-teens growth for FY26, which is intended to be industry-leading. Management has specifically guided for 40% growth in Q4 FY26 to meet these annual targets.
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