Q4 2026 Tata Motors Ltd Earnings Call Transcript

May 13, 2026 / 01:00 PM GMT

Release Date Price: ₹384.25 (-0.72%)

Transcript

Key Points

Positve

Tata Motors Ltd (BOM:544569) reported a significant revenue increase to INR77,000 crores for FY '26, up from INR66,000 crores in FY '23, marking an 11% year-over-year growth.
The company achieved a milestone by securing the largest-ever order for 70,000 units of Yodha and Ultra T7 vehicles for Indonesia.
EBITDA margins expanded from 7.8% in FY '23 to 13.2% in FY '26, demonstrating a structural improvement over three years.
Free cash flow generation was approximately INR9,200 crores in FY '26, representing about 12% of revenue, indicating strong cash generation.
Tata Motors Ltd (BOM:544569) saw a strong volume momentum with a 25% year-on-year increase in Q4 wholesale, and a 14% increase in total volume for the full year.

Negative

Commodity cost pressures, particularly from steel, aluminum, and copper, have impacted the company's margins, with a 100 basis point impact noted in Q4.
The geopolitical situation in the Middle East and North Africa has led to cautious sentiment and potential disruptions in export plans.
There is uncertainty regarding diesel prices, which could significantly impact the total cost of ownership and market dynamics.
The delay in the closure of the IVECO deal due to pending regulatory approvals from France and Spain could affect strategic plans.
The company faces challenges in the electric bus market, with current tenders being viewed as unsustainable, leading to cautious participation.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TATM.NS - Tata Motors Ltd
Q4 2026 Tata Motors Ltd Earnings Call
May 13, 2026 / 01:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Tata Motors Q4 and Full Year FY26 results call. I have with me Mr. Girish Wag, Managing Director and CEO, P.V. Ramanan, CFO and the Investor Relations team. So I'll first walk you through the results presentation and this will be followed by Q&A. As a reminder, all participants will be in listen-only mode and will be taking your questions via the Teams platform. Team is already open to you for submitting questions.

You may please mention your name and the name of your organization while submitting your questions. And with that, I hand over to Mr. D.V. Ramanan.

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Unidentified_2 [2]
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