Tata Motors CV Q2 FY27: wholesales up 42% to 135.1K, revenue ₹23.9K Cr up 42%, FCF ₹4.6K Cr
Q2 FY27 revenue up 42% to ₹23.9K Cr, PBT (bei) up 51% to ₹2.7K Cr, wholesales 135.1K up 42%, FCF ₹4.6K Cr.
By ScoutQuest · · 1 min read
- Revenue
- Q2 FY27 revenue up 42% to ₹23.9K Cr
- PBT (bei)
- PBT (bei) up 51% to ₹2.7K Cr
- Wholesales
- wholesales 135.1K up 42%
- Period
- Q2 FY27
- Positioning
- Tata Motors presents itself as India's leading commercial vehicle maker with a 36.2% H1 FY27 VAHAN domestic market share, including 55.7% in HCVs.
📉 Standalone Q2 FY27 revenue from operations was ₹23,930 Cr, up 42% YoY, with EBITDA of ₹2,806 Cr (11.7% margin, down 90bps YoY) and PBT (bei) of ₹2,660 Cr, up 51%. PAT was ₹2,138 Cr against a loss of ₹(1,021) Cr a year earlier. Free cash flow was ₹4.6K Cr in Q2 and ₹5.7K Cr in H1, and net cash rose to ₹11.3K Cr.
🌍 Wholesales reached 135.1K units, up 42% YoY, with double-digit growth across segments; international business volumes rose 177% to 21.1K, which the company attributes to an Indonesia order. EV volumes grew 143% in Q2.
🌍 The company says its H1 VAHAN domestic market share is 36.2%, up 110bps vs FY26, with gains in HCV, SCV PU and CV Passenger but a 170bps drop in ILMCV to 36.3%.
🌍 For Q3 FY27, management lists priorities of leveraging demand with disciplined pricing, costs and supply, scaling electric buses and SCV EV adoption, growing aftermarket and international business, and says Iveco consolidation begins next quarter.
Also from Tata Motors
Q2 FY27 earnings call audio recording made available on company website
23 Oct 2026
Tata Motors CV reported Q2 results, swinging to a profit of 2,138 crore versus a loss of 1,021 crore last year, though revenue and EBITDA missed estimates
23 Oct 2026
Consolidated results for the quarter ended September 30, 2026
23 Oct 2026
More numbers
- Revenue from operations, Q2 FY27 (standalone incl. Tata Cummins)23,930 (₹ Cr)
- EBITDA, Q2 FY272,806 (₹ Cr)
- PBT (bei), Q2 FY272,660 (₹ Cr)
- PAT, Q2 FY272,138 (₹ Cr)
- Revenue growth YoY, Q2 FY2742%
- EBITDA margin, Q2 FY2711.7%
- Free cash flow, Q2 FY274,606 (₹ Cr)
- Free cash flow, H1 FY275,721 (₹ Cr)
- Net cash₹11.3K Cr
- Consolidated revenue from operations, Q2 FY2725,338 (₹ Cr)
- Consolidated PAT, Q2 FY271,253 (₹ Cr)
- Domestic VAHAN market share, H1 FY2736.2%
- International business wholesale growth YoY, Q2 FY27177%
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