Tata Motors CV posts Rs 2,138 crore Q2 profit - The

Tata Motors Ltd’s commercial vehicle business reported a better-than-expected standalone net profit for the September quarter, supported by strong demand across the truck and bus segments, even as margins came under pressure from rising commodity cost.The company posted a standalone net profit, including joint venture Tata Cummins, of ₹2,138 crore for the second quarter, compared with a loss of ₹1,021 crore a year earlier.

The average of analyst estimates compiled by Bloomberg was for a net profit Rs 1933.5 crore.Revenue from operations rose 42% to ₹23,930 crore.Improved fleet utilisation, stronger goods movement and higher industrial activity and mining output boosted commercial vehicle sales during the quarter, managing director and chief executive Girish Wagh said in a post-earnings media call.“Even as we expect growth in the second half of the year to moderate due to last year’s high base, the industry should end FY27 with double-digit growth and Tata Motors is likely to outperform,” he said.The company generated free cash flow of ₹4,606 crore during the quarter, taking its net cash position to ₹11,300 crore.Wagh said Tata Motors maintained margins sequentially through cost management, operational efficiencies and calibrated pricing actions, despite higher steel and rubber costs.

The margin at 11.7%, however, fell 0.9 percentage points from a year earlier.The standalone results also included an exceptional gain of ₹218 crore, mainly due to the reversal of provisions under labour codes.On a consolidated basis, including contributions from subsidiaries, the company reported a net profit of ₹1,257 crore, compared with a loss of ₹867 crore a year earlier. Revenue rose more than 36% to ₹25,338 crore from ₹18,585 crore.The company attributed the improvement in consolidated profit partly to a lower mark-to-market loss on investments in Tata Capital Ltd.

Its consolidated net cash position stood at ₹15,900 crore at the end of September.Total wholesale volumes rose 42% to 135,100 units during the quarter, with domestic sales increasing 30% and exports growing 177%. It had a 36.2% share in India’s commercial vehicle market in the first half of FY27, compared with 35.1% in FY26.