Business
Tata Motors CV Q2 profit rebounds to Rs 2,138 crore
The Hindu BusinessLine·
Tata Motors’ demerged commercial vehicles business reported standalone net profit of ₹2,138 crore in Q2 FY27, recovering from a ₹1,021 crore loss a year earlier. Standalone revenue rose 41.9 percent to ₹23,930 crore. Consolidated net profit was ₹1,257 crore against a prior-year loss of ₹867 crore. Wholesale volumes grew 42 percent to 1,35,100 units in the quarter.
Prism
What It Means For You
- Domestic volumes rose 30 percent and exports rose 177 percent in the September quarter.
- Standalone free cash flow rose to ₹4,606 crore, with about ₹11,300 crore net cash at September-end.
- The Iveco tender offer closes on October 26, with settlement set for October 30 if completed.
What's Happening
- MD and CEO Girish Wagh said Q2 FY27 showed broad-based wholesale growth across segments.
- Vahan-based domestic market share rose from 35.1 percent in FY26 to 36.2 percent in April to September 2026.
- EBITDA margin narrowed from 12.6 percent to 11.7 percent on commodity cost pressure.
Iveco deal timeline
- Tata Motors raised its offer to €14.40 per share on October 9 for the €3.91-billion Iveco buy.
- Iveco shareholders approved resolutions on October 16.
- CFO GV Ramanan said consolidation is planned from the December quarter if the deal completes.
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