Tata Motors Shares Rise Over 8% Following Q4 Earnings Release

Tata Motors Passenger Vehicles Shares Rally 8% on Q4 Results

Tata Motors Passenger Vehicles share price surged over 8% in early trade on Friday following the announcement of its Q4 results. The company's shares rallied as much as 8.18% to ₹366.60 apiece on the BSE.

Tata Motors Passenger Vehicles reported a consolidated net profit of ₹5,783 crore for the fourth quarter of FY26, representing a decline of 31.7% from ₹8,470 crore in the year-ago period. The auto major's revenue from operations in Q4FY26 grew 7% to ₹1,05,447 crore as compared to ₹98,377 crore year-on-year (YoY).

The company's operational performance was impacted by a decline in EBITDA, which fell 21.7% to ₹11,212 crore from ₹14,498 crore. The EBITDA margin also contracted to 10.7% from 14.8% in the year-ago period. However, Tata Motors Passenger Vehicles' luxury car subsidiary Jaguar Land Rover (JLR) reported an 11.1% YoY drop in Q4FY26 revenue at £6.9 billion, while its EBITDA margin fell 130 bps to 14%.

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The company's volumes rose significantly QoQ as production returned to normal, but full-year volumes were impacted by US tariffs, China market challenges, and planned wind down of outgoing Jaguar models ahead of new Jaguar launch, in addition to production stoppages following the cyber incident. Tata Motors Passenger Vehicles also declared a final dividend of ₹3 per share per equity share of ₹2 each for the financial year ended March 31, 2026.

Motilal Oswal has reiterated its 'Sell' rating on Tata Motors Passenger Vehicles shares stock with an SoTP-based target price of ₹303 per share (based on FY28E). The brokerage firm values both JLR and the Indian PV business at 2x and 13x EV/EBITDA, respectively. At 9:30 AM, Tata Motors PV share price was trading 4.88% higher at ₹355.40 apiece on the BSE.