Tata Motors CV Q2 Results: Co swings to black with Rs 1,254 crore profit; revenue jumps 37% YoY

It presented next-generation passenger mobility solutions at Prawaas 5.0 and launched the new Ultra Prime and Starbus Prime range.It also showcased its next-generation aggregates portfolio at Bauma CONEXPO India 2026 and won the “Best Truck of the Year” award at the Logistics & Transport Award 2026 in the UAE.Partnerships and sustainability initiativesTata Motors entered into an MoU with Drivn to offer leasing and financing solutions for its electric commercial vehicles.

It also collaborated with Petronas to pilot a scalable used-oil recycling model.In another development, the company partnered with Welspun Renewable Energy Private Limited to develop an 86 MW wind-solar hybrid project.Management flags moderation in H2 growthGirish Wagh, MD & CEO of Tata Motors Ltd., said the company had delivered another strong quarter, reflecting healthy underlying demand and disciplined execution.“Q2 FY27 marked another strong quarter in our journey of consistent, profitable growth,” Wagh said, adding that wholesale volumes had grown 42%, with broad-based growth across segments.With first-half FY27 volumes increasing 35%, the company remains well positioned for a robust FY27.

However, Wagh said growth rates were expected to moderate in the second half against a higher base.He noted that core macroeconomic indicators, sustained infrastructure activity and stable fleet utilisation continued to support freight demand. Interest rates, diesel prices and the broader economic environment, however, remained key monitorables.Commodity cost pressures persisted through the first half and continued to weigh on the operating environment, he said.The company will remain focused on operational excellence, cost management, improving its customer value proposition and advancing its future-ready portfolio, Wagh added.Commodity costs remain a margin challengeGV Ramanan, CFO of Tata Motors Ltd., said the company delivered a strong financial performance in Q2 FY27, with revenue growing 42% and EBITDA rising 31%, supported by robust operating performance and continued capital discipline.He said free cash flow generation of Rs 4.6 thousand crore further strengthened the balance sheet, taking the company's net cash position to Rs 11.3 thousand crore.Despite significant commodity cost pressures, particularly in steel and rubber, the company maintained margins sequentially through cost management, operating efficiencies and calibrated pricing actions, Ramanan said.Iveco transaction moves towards completionTata Motors said the Iveco transaction was progressing towards completion within the indicated timeline of the end of October.Following receipt of all regulatory approvals, the tender offer has commenced and will remain open for acceptance until October 26, 2026.At Iveco's extraordinary general meeting held on October 16, shareholders approved all proposed resolutions.

Subject to the successful completion of the tender offer, settlement is scheduled for October 30, 2026.The company said its focus remained on sustaining profitable growth, managing cost pressures and strengthening its customer proposition while progressing with the Iveco transaction.Tata Motors shares finished Friday’s trading session at Rs 396 apiece on the NSE, down 4.41% from the previous close of Rs 414.25.

The stock has declined 7.89% year-to-date in 2026.At the current market price, Tata Motors CV commands a market capitalisation of Rs 1,45,838.46 crore on the NSE.(You can now subscribe to our ETMarkets WhatsApp channel)