Profit before tax at Tata Motors fell $315.8m year-on-year as Jaguar Land Rover faced cyber disruptions, tariffs, and model phase-out costs.
Tata Motors reported a 29.72% year-on-year drop in profit before tax and exceptional items to Rs71.67bn ($917m) in Q4 FY26, driven by challenges at its Jaguar Land Rover (JLR) unit. The decline, equivalent to Rs30.31bn ($315.8m), was attributed to cyber incidents, tariffs, China luxury taxes, and higher variable marketing expenses.
Consolidated revenue rose 7.2% to Rs1.05tn in the quarter, supported by normalized JLR production and stronger domestic passenger vehicle sales. However, full-year revenue fell 8.3% to Rs3.35tn, while profit before tax and exceptional items plunged Rs261.31bn to Rs25.19bn. JLR’s Q4 revenue declined 11.1% to £6.87bn ($9.17bn), with profit before tax dropping £417m to £458m.
For FY26, JLR’s revenue contracted 20.9% to £22.91bn, and profit before tax fell £2.47bn to £14m, impacted by the phase-out of outgoing Jaguar models and competitive pressures in China.