Tata Motors Q1 results: Net profit drops 62% to Rs 4,003 crore on lower volumes and JLR tariff hit; revenue slips to Rs 1.04 lakh crore

Tata Motors’ Q1 FY26 net profit plummeted 62.2% to ₹4,003 crore, impacted by volume declines across segments and lower Jaguar Land Rover earnings. The absence of a one-time gain from the previous year also contributed to the drop. JLR revenue fell due to tariffs and model transitions. While PV sales declined, EVs remained a bright spot.