TMPV Q2 FY27 results at a glance
TATA MOTORS PASS VEH LTD Q2 FY27 key results metrics| Quarter | Q2 FY27 |
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| Quarter ended | 30 Sept 2026 |
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| Revenue | ₹96,920 cr |
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| Revenue YoY | +35.1% |
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| Operating profit | -₹106 cr |
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| Operating margin | -0.1% |
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| Net profit | -₹5,451 cr |
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| Net profit YoY | -107.2% |
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| Net profit QoQ | -803.4% |
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| Net margin | -5.6% |
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| Basic EPS | ₹-15.02 |
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| TTM revenue | ₹3,66,275 cr |
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| TTM net profit | -₹2,379 cr |
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| TTM net margin | -0.6% |
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TMPV Q2 FY27 results: what the numbers say
TATA MOTORS PASS VEH LTD (TMPV) has reported its Q2 FY27 results for the quarter ended 2026-09-30. The company posted revenue of ₹96,920 cr and a net profit of -₹5,451 cr, translating into earnings per share of ₹-15.02.
Compared with the same quarter a year earlier, revenue grew strongly by +35.1% and net profit declined sharply by -107.2%. Profit trailing revenue growth suggests costs, interest or tax absorbed part of the topline gain.
Operating profit for the quarter stood at -₹106 cr, an operating margin of -0.1% versus -18.8% a year ago — a gain of 18.7 percentage points.
TMPV quarter-wise results table
Revenue
₹96,920 cr
+35.1% YoY
Net profit
-₹5,451 cr
-107.2% YoY
Operating profit
-₹106 cr
+99.2% YoY
Swipe sideways to see all columns →
TATA MOTORS PASS VEH LTD (TMPV) quarter-wise results — revenue, operating profit, net profit, margins, EPS and growth| Quarter | Revenue | Operating profit | Net profit | OPM | Net margin | EPS | Profit YoY | Profit QoQ |
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| Q2 FY272026-09-30 | ₹96,920 cr | -₹106 cr | -₹5,451 cr | -0.1% | -5.6% | ₹-15.02 | -107.2% | -803.4% |
| Q1 FY272026-06-30 | ₹94,827 cr | -₹7,150 cr | ₹775 cr | -7.5% | 0.8% | ₹2.10 | -80.2% | -86.6% |
| Q4 FY262026-03-31 | ₹1,04,923 cr | -₹1,375 cr | ₹5,783 cr | -1.3% | 5.5% | ₹15.71 | — | +265.9% |
| Q3 FY262025-12-31 | ₹69,605 cr | -₹11,869 cr | -₹3,486 cr | -17.1% | -5.0% | ₹-9.47 | — | -104.6% |
| Q2 FY262025-09-30 | ₹71,714 cr | -₹13,510 cr | ₹76,170 cr | -18.8% | 106.2% | ₹-17.50 | — | +1841.1% |
| Q1 FY262025-06-30 | ₹87,141 cr | -₹4,687 cr | ₹3,924 cr | -5.4% | 4.5% | ₹10.66 | — | — |
| TTM (last 4 quarters) | ₹3,66,275 cr | -₹20,500 cr | -₹2,379 cr | -5.6% | -0.6% | ₹-6.68 | — | — |
Consolidated figures as reported to the exchanges, shown in ₹ crore. OPM = operating profit margin. Updated automatically whenever a new quarter is filed.
TMPV quarterly income statement
Line-item results for the last six quarters as filed — sales, expenses, operating profit, interest, tax and profit after tax in ₹ crore.
TATA MOTORS PASS VEH LTD quarterly income statement| Particulars | Q2 FY272026-09-30 | Q1 FY272026-06-30 | Q4 FY262026-03-31 | Q3 FY262025-12-31 | Q2 FY262025-09-30 | Q1 FY262025-06-30 |
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| Revenue / Sales | ₹96,920 cr | ₹94,827 cr | ₹1,04,923 cr | ₹69,605 cr | ₹71,714 cr | ₹87,141 cr |
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| Total expenses | ₹97,827 cr | ₹1,01,977 cr | ₹1,06,298 cr | ₹81,474 cr | ₹85,224 cr | ₹91,828 cr |
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| Gross profit | — | ₹34,582 cr | ₹38,345 cr | ₹25,782 cr | ₹23,768 cr | ₹31,406 cr |
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| Operating profit (EBIT) | -₹106 cr | -₹7,150 cr | -₹1,375 cr | -₹11,869 cr | -₹13,510 cr | -₹4,687 cr |
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| Operating margin | -0.1% | -7.5% | -1.3% | -17.1% | -18.8% | -5.4% |
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| Interest cost | ₹801 cr | ₹835 cr | ₹767 cr | ₹682 cr | ₹686 cr | ₹692 cr |
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| Profit before tax | -₹6,364 cr | ₹1,574 cr | ₹7,277 cr | -₹4,733 cr | -₹8,070 cr | ₹3,903 cr |
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| Tax expense | -₹884 cr | ₹715 cr | ₹1,399 cr | -₹1,250 cr | -₹1,702 cr | ₹1,306 cr |
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| Effective tax rate | 13.9% | 45.4% | 19.2% | 26.4% | 21.1% | 33.5% |
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| Net profit (PAT) | -₹5,451 cr | ₹775 cr | ₹5,783 cr | -₹3,486 cr | ₹76,170 cr | ₹3,924 cr |
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| Net profit margin | -5.6% | 0.8% | 5.5% | -5.0% | 106.2% | 4.5% |
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| Basic EPS | ₹-15.02 | ₹2.10 | ₹15.71 | ₹-9.47 | ₹-17.50 | ₹10.66 |
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| Diluted EPS | — | ₹2.10 | ₹15.70 | ₹-9.47 | ₹-17.50 | ₹10.65 |
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TMPV results growth — YoY and QoQ
Quarterly growth rates, year on year and quarter on quarter| Growth | Q2 FY27 | Q1 FY27 | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 |
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| Revenue YoY | +35.1% | +8.8% | — | — | — | — |
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| Revenue QoQ | +2.2% | -9.6% | +50.7% | -2.9% | -17.7% | — |
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| Operating profit YoY | +99.2% | -52.5% | — | — | — | — |
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| Operating profit QoQ | +98.5% | -420.0% | +88.4% | +12.1% | -188.2% | — |
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| Net profit YoY | -107.2% | -80.2% | — | — | — | — |
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| Net profit QoQ | -803.4% | -86.6% | +265.9% | -104.6% | +1841.1% | — |
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| EPS YoY | +14.2% | -80.3% | — | — | — | — |
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| EPS QoQ | -815.2% | -86.6% | +265.9% | +45.9% | -264.2% | — |
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TMPV annual results history
Full-year performance for TATA MOTORS PASS VEH LTD, useful for reading each quarter in context.
TATA MOTORS PASS VEH LTD annual income statement| Particulars | FY262026-03-31 | FY252025-03-31 | FY242024-03-31 | FY232023-03-31 |
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| Revenue / Sales | ₹3,33,383 cr | ₹3,63,486 cr | ₹4,31,212 cr | ₹3,42,875 cr |
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| Total expenses | ₹3,61,746 cr | ₹3,64,279 cr | ₹4,22,835 cr | ₹3,50,012 cr |
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| Gross profit | ₹1,17,532 cr | ₹1,40,326 cr | ₹1,56,359 cr | ₹1,14,795 cr |
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| Operating profit (EBIT) | -₹28,363 cr | -₹793 cr | ₹8,377 cr | -₹7,137 cr |
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| Operating margin | -8.5% | -0.2% | 1.9% | -2.1% |
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| Interest cost | ₹2,827 cr | ₹3,901 cr | ₹7,594 cr | ₹10,225 cr |
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| Profit before tax | -₹1,623 cr | ₹28,454 cr | ₹28,429 cr | ₹3,394 cr |
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| Tax expense | -₹246 cr | ₹9,060 cr | -₹4,024 cr | ₹704 cr |
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| Effective tax rate | 15.2% | 31.8% | -14.2% | 20.7% |
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| Net profit (PAT) | ₹82,390 cr | ₹27,830 cr | ₹31,399 cr | ₹2,414 cr |
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| Net profit margin | 24.7% | 7.7% | 7.3% | 0.7% |
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| Basic EPS | ₹-0.61 | ₹78.80 | ₹81.95 | ₹6.29 |
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| Diluted EPS | ₹-0.61 | ₹78.75 | ₹81.88 | ₹6.29 |
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Revenue trend and demand read-through
Topline for Q2 FY27 came in at ₹96,920 cr against ₹71,714 cr in Q2 FY26, and ₹94,827 cr in the preceding Q1 FY27 quarter.
On a sequential basis revenue grew +2.2%. Sequential moves are the quickest read on demand momentum because they strip out the base effect of a year-old quarter, though seasonality can distort a single quarter.
Total expenses for the quarter were ₹97,827 cr, or 100.9% of revenue, with operating profit grew +99.2% year on year.
Margins, tax and profitability
Net profit of -₹5,451 cr works out to a net margin of -5.6% compared with 106.2% in the year-ago quarter. Margin pressure of this kind usually reflects higher input costs, pricing competition, or a heavier interest and depreciation load.
Below the operating line, TATA MOTORS PASS VEH LTD reported profit before tax of -₹6,364 cr, a tax charge of -₹884 cr (effective rate 13.9%), interest cost of ₹801 cr. Reading these together with operating profit shows how much of the quarter's earnings were driven by the core business versus financing and tax movements.
Sequentially, net profit moved from ₹775 cr in Q1 FY27 to -₹5,451 cr in Q2 FY27, a change of -803.4%.
Trailing twelve months and annual context
Across the trailing four quarters TATA MOTORS PASS VEH LTD has generated revenue of ₹3,66,275 cr and net profit of -₹2,379 cr, a trailing net margin of -0.6%. The trailing view smooths out one-off quarters and is the number most valuation multiples are built on.
On a full-year basis, FY26 revenue was ₹3,33,383 cr with net profit of ₹82,390 cr and EPS of ₹-0.61, versus the prior year where revenue declined -8.3% and profit grew +196.0%.
What to watch in the next TMPV quarter
For the coming quarters the numbers worth tracking on this page are revenue momentum, the operating margin trend, the interest burden and whether EPS keeps pace with profit growth. A single weak quarter matters less than the direction over three to four consecutive quarters.
TATA MOTORS PASS VEH LTD has intimated the exchange that its board meets on 13 Nov 2026 to approve financial results. The figures shown here update when Yahoo Finance publishes the corresponding statement data, which can lag the filing.
Financial figures here are supplied through Yahoo Finance fundamentals and shown in ₹ crore, without adjustment. This is information and analysis, not investment advice.
TMPV results coverage
More on TMPV
TMPV quarterly results FAQs
What were TATA MOTORS PASS VEH LTD (TMPV) Q2 FY27 results?
In Q2 FY27 (quarter ended 30 Sept 2026), TATA MOTORS PASS VEH LTD reported revenue of ₹96,920 cr and net profit of -₹5,451 cr, a change of -107.2% year on year on +35.1% revenue growth. EPS stood at ₹-15.02.
What is TMPV profit margin in Q2 FY27?
TATA MOTORS PASS VEH LTD posted a net profit margin of -5.6% and an operating margin of -0.1% in Q2 FY27. On a trailing twelve-month basis, revenue is ₹3,66,275 cr and net profit -₹2,379 cr.
Did TMPV results beat the previous quarter?
TATA MOTORS PASS VEH LTD net profit changed -803.4% quarter on quarter, from ₹775 cr in Q1 FY27 to -₹5,451 cr in Q2 FY27.
When are TATA MOTORS PASS VEH LTD (TMPV) quarterly results?
The board of TATA MOTORS PASS VEH LTD meets on 13 Nov 2026 to consider and approve the financial results, as per the exchange filing.
Where can I see TMPV latest quarterly results?
Our latest TMPV results coverage — "Tata Motors Passenger Vehicles Limited Q2 FY27 Results: Net Profit ₹3 cr" — breaks down revenue, profit, margins and management commentary.
What is TATA MOTORS PASS VEH LTD annual revenue and profit?
For FY26, TATA MOTORS PASS VEH LTD reported full-year revenue of ₹3,33,383 cr and net profit of ₹82,390 cr, with EPS of ₹-0.61.
How many quarterly results has TMPV declared recently?
Past results dates for TMPV will be listed here from the exchange calendar.
Results dates: NSE board-meeting calendar. Financial figures: Yahoo Finance fundamentals, not a direct exchange filing feed. Last successful data fetch 13 Nov 2026. Figures can be delayed; results change only when the provider publishes them. For information only, not investment advice.
