Tata Motors Q3 Results 2026 Highlights: Tata Motors CV reports ₹705 crore consolidated net profit in Q3FY26 as against a loss of ₹867 crore in the previous quarter (Q2FY26). However, on a YoY basis, the profit tanked 48% from ₹1,355 crore in Q3FY25.
Revenue performance was strong, reflecting improving demand conditions. Revenue from operations rose over 16% YoY to ₹21,847 crore during the quarter. On a sequential basis, revenue jumped 17.5% QoQ, up from ₹18,585 crore in the September quarter, aided by better volumes and operating leverage.
Profitability metrics showed mixed trends. Operating margin improved to 12.60% in Q3FY26 from 12.07% in Q3FY25, while profit margin stood at 3.23%. Consolidated EBITDA margin increased by 30 bps to 12.5% during the October–December period, indicating steady operational improvement.
Earnings, however, were impacted by significant one-time costs. The company incurred exceptional expenses totalling ₹1,643 crore, including ₹962 crore towards stamp duty related to its demerger, ₹603 crore due to the implementation of new labour codes, and ₹82 crore for acquisition-related expenses. Despite these headwinds, the sequential recovery highlights improving underlying momentum in the CV business.
Shares of Tata Motors Commercial Vehicles pared gains to end on a flat note after scaling new peak in intra-day deals on Thursday, January 29. The stock ended 0.45% higher at ₹470.20 on BSE after hitting a record high of ₹475.40 ahead of its Q3 results 2026.
Check all highlights on Tata Motors Q3 Results 2026 here
About The Author
