Tata Motors’ commercial vehicle (CV) business shares jumped about 3% on Friday, snapping a five-session losing streak even after Q4 results disappointed investors. Standalone net profit rose 70% year-on-year to Rs 2,406 crore and revenue increased 22% to Rs 24,452 crore, alongside a proposed final dividend of Rs 4. Still, brokerages stayed cautious: Nomura cut to Neutral citing global risks and IVECO issues, while others flagged margin pressure from fuel and commodity costs.
Tata Motors reported a record Q4 FY26 for its standalone business with revenue up 22% to ₹24.5K cr and EBITDA rising 35% to ₹3.4K cr, taking margins into the “teens.” Full-year revenue grew 11% with stronger EBITDA and ROCE, while free cash flow climbed. Consolidated results stay net cash positive, and the Iveco acquisition inches toward Q2 FY27 amid exceptional-item pressure on profits.
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Tata Motors is gearing up for a larger global footprint following its successful FY26 performance and business split. The company plans to align its passenger vehicle operations with Jaguar Land Rover to unlock efficiencies. Backed by strong domestic demand across passenger and commercial vehicles, Tata Motors is also exploring a potential acquisition of Iveco to expand its global commercial vehicle presence.
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