The company’s revenue from operations increased over 9% YoY to Rs 95,799 crore during the quarter, from Rs 87,677 crore reported in the year-ago period. Its EBITDA margin contracted by 130 basis points to 7.4%.
The net profit reported by the company for the first quarter of FY27 included an exceptional loss of Rs 32 crore, while the same for the first quarter of FY26 stood at Rs 47 crore. The company’s earnings per share reduced to Rs 2.10 per share, from Rs 6.84 per share reported in the year-ago period.
Jaguar Land Rover Q1 financials
Jaguar Land Rover (JLR) saw a 9% YoY drop in wholesales, as volumes were impacted by temporary supply constraints, including a fire at a major component supplier at the start of the quarter, market disruption linked to the conflict in the Middle East and planned wind-down of outgoing Jaguar models ahead of the launch of Jaguar Type 01.
Consequently, the company’s revenue dropped nearly 10% YoY to £6 billion during the quarter under review. In addition to the impact of reduced volumes, profitability was impacted by market conditions pushing retail VME up from 4.1% to 7.1%, the company said.
Live Events
Jaguar Land Rover’s profit crashed 73% YoY to £66 billion during the first quarter. Despite the supply constraints and market disruption faced by the business, the first quarter has been profitable, the company said.
“JLR delivered first quarter profits of £109m and an adjusted EBIT margin of 2.8%. Despite the near-term industry challenges, we continue to see strong demand for our brands and look forward to the launch of four sensational new products in the coming months: Range Rover Electric, Range Rover Sport Electric, Range Rover GT and Jaguar Type 01. I would like to thank all our people, suppliers and retail partners for their continued dedication, resilience and support,” said Jaguar Land Rover CEO PB Balaji.
Tata Motors PV segment Q1 financials
Tata Motors PV segment saw volumes sharply rise by 46% YoY, which the company said significantly outperformed the industry. Electric vehicle volumes meanwhile rallied 112% YoY, backed by a comprehensive portfolio, new launches and leveraging demand growth post West Asia conflict. The segment saw a 65% YoY growth in revenue.
However, the impact of strong revenue growth was partially diluted by adverse FX and commodities, Tata Motors PV said. “Q1 FY27 marked a strong start to the year for Tata Motors PV, with industry-beating 46% YoY volume growth driven by robust customer demand and the success of our recent launches…While supply constraints affected Sierra volumes during the quarter, customer interest remains strong and the Sierra.ev has seen a positive response. In Q1 FY27 we delivered a resilient financial performance while being impacted on account of elevated levels of commodity and forex,” said Shailesh Chandra, Managing Director & CEO of Tata Motors Passenger Vehicles.
Supported by a strong order book, exciting product pipeline, sustained demand, and focused margin improvement initiatives, Chandra said the company is confident of maintaining growth momentum and delivering sequential improvement through the rest of the year.”