Tata Motors Passenger Vehicles Q3 FY26 Results Announcement Today
Tata Motors Passenger Vehicles Limited (TMPV), formerly known as Tata Motors Limited, is set to unveil its financial performance for the third quarter of the financial year 2025-26 (FY26) on Thursday, February 5, 2026. The company has officially scheduled a Board of Directors meeting to review and approve the audited standalone and unaudited consolidated financial results for the quarter and nine months ending December 31, 2025, as per an exchange filing made last month.
Market Reaction and Pre-Result Expectations
Ahead of the highly anticipated Q3 results announcement, Tata Motors Passenger Vehicles' stock experienced a notable decline, trading with a 3% cut. This downward movement reflects market apprehensions, as analysts and investors brace for a potential loss in the December quarter, despite expectations of robust sales growth driven by festive and wedding season demand.
Brokerage Insights and Financial Projections
Domestic brokerages have provided a mixed outlook for Tata Motors PV's Q3 performance. While sales are projected to surge by 22% year-on-year, the bottom line is anticipated to be adversely affected. Estimates indicate that the Q3 loss could range between ₹900 crore and ₹3,200 crore, highlighting the challenges faced by the automotive giant.
Kotak Institutional Equities (KIE) offers a more detailed analysis, forecasting a 33% YoY increase in domestic PV business revenues for Q3 FY26. This growth is attributed to a 22% YoY rise in volumes and a 9-10% YoY increase in average selling prices (ASPs), driven by a richer product mix. Additionally, KIE expects the EBITDA margin to improve by 140 basis points quarter-on-quarter, supported by operating leverage benefits and favorable net pricing strategies.
Recovery in Jaguar Land Rover (JLR) Segment
Following a cyber incident in the second quarter, Motilal Oswal anticipates a steady recovery in volumes for Jaguar Land Rover (JLR), a key subsidiary of Tata Motors. This rebound is expected to bolster JLR's margins, with projections indicating an improvement to 5.4% from the previous quarter's -1.6%, signaling a positive turnaround in this segment.
As the automotive industry watches closely, today's results will provide critical insights into Tata Motors Passenger Vehicles' financial health and strategic direction. Stay tuned for comprehensive updates and analysis on the Q3 FY26 outcomes.
