Tata Motors, which now represents the automaker's commercial vehicle business, on November 13 reported a consolidated net loss of Rs 867 crore for the second quarter of the financial year 2026. This comes against a net profit of Rs 498 crore reported in the corresponding quarter of the previous financial year.
The shares of the company were listed yesterday, after its demerger with the passenger vehicle segment. The firm said that its reported profits were adversely impacted by mark-to-market losses on account of recently listed investments in Tata Capital.
The firm's revenue from operations however rose 6 percent year-on-year (YoY) to Rs 18,585 crore during Q2 FY26, from Rs 17,535 crore reported in Q2 FY25. Expenses grew more than 15 percent YoY to Rs 19,296 crore during the quarter under review.
Tata Motors anticipates strong H2 FY26:
Looking ahead, Tata Motors anticipates a strong second half for FY26 with the festive season underway, improving consumption, and the full impact of GST reforms yet to unfold. "Construction, infrastructure, and mining activities will gain momentum, further fueling demand for trucks and tippers," the firm said.
The company added that with a robust pipeline of upcoming launches, and a richer, more customer-aligned product portfolio, it is well-positioned to accelerate momentum and drive meaningful, broad-based growth and market share improvement across all segments. The business will continue its focus on profitable growth to deliver double digit EBITDA margin and robust cash flows along with high ROCE, it said.
Management on CV unit's listing:
"Yesterday, November 12, 2025, marked a historic milestone for Tata Motors Ltd as we successfully listed on both the BSE and NSE following the demerger and today, I’m pleased to share that we’ve reported strong Q2 FY26 results. Our financial results underscore a resilient performance, driven by a sound and agile business strategy," said Girish Wagh, MD & CEO, Tata Motors.
'GST 2.0, festive season catalyzed a surge in demand'
Wagh added that after a subdued start, the rollout of GST 2.0 reforms and the onset of the festive season catalyzed a surge in demand across segments. "We recorded a 12% year-on-year volume growth, led by enhanced product availability, a refined pricing strategy, and intensified market activations," he said.
"Looking ahead to H2 FY26, we anticipate continued momentum from key demand drivers—construction, infrastructure, and mining. These sectors are poised to fuel growth, and our focus will remain on driving sustainable performance and shaping the future of mobility, guided by our brand promise of ‘Better Always’," he added.
Tata Motors CV listing:
The shares of Tata Motors' commercial vehicle business were listed at Rs 335 apiece on the NSE on November 12, marking a premium of more than 28.5 percent from the discovered price. This officially completed the demerger of automaker Tata Motors.
Also read: Our LIVE blog on Q2 results
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