Tata Motors Passenger Vehicles Reports Q3 FY26 Results: JLR Revenue Down 39.4%, Tata PV Revenue Up 24%

Tata Motors Passenger Vehicles Limited (TMPVL) announced its results for the quarter ending December 31, 2025. The consolidated revenue was down 25.8% to 70,108 Cr, while the Tata Passenger Vehicles (TPV) revenue was up 24% to 215.3 Cr. The JLR revenue was down 39.4% to £4.5bn and EBIT was down 1580 bps to -6.8%. The TPV EBITDA was down 80 bps to 7.0% and EBIT was down 500 bps to 1.2%. The net profit for the quarter was -3.5 K Cr. The company reported a PBT (bei) of -3.1 K Cr for Q3 FY26 and -4.6 K Cr for YTD FY26. The consolidated free cash flow for the quarter was negative at -17.9 K Cr. The net debt as on December 31, 2025 was 339.4 K Cr. The company expects a sharp improvement in Q4, led by normalization of JLR volumes.