Q4 2025 Tata Motors Ltd Earnings Call Transcript
Key Points
- Tata Motors Ltd (BOM:500570) achieved its highest ever revenue and PBT before exceptional items in FY25, indicating strong financial performance.
- The company delivered a significant free cash flow of INR 19,400 crore for the year, contributing to a reduction in net debt.
- Jaguar Land Rover (JLR) achieved a net cash positive target and reported its highest quarterly PBT in nine years.
- The commercial vehicle business consistently delivered double-digit EBITDA margins, with a strong ROCE of 37.7%.
- Tata Motors Ltd (BOM:500570) saw significant growth in its CNG portfolio, with a 60% year-over-year increase, and maintained a strong market share in the electric vehicle segment.
- The company faces challenges from tariffs, particularly a 300% increase in tariffs on UK exports to the US, impacting profitability.
- The Chinese market remains difficult, with sales down due to challenging market conditions and dealer consolidation.
- Legacy Jaguar models are being phased out, which may impact short-term sales volumes.
- The passenger vehicle segment experienced a decline in market share due to aging hatchback models, leading to a decrease in overall volumes.
- Commodity price increases and regulatory changes, such as the ACE regulation, are expected to impact costs and margins.
Good day, and welcome to Tata Motors Q4 FY25 earnings call. Today with us are Mr. PB Balaji, Group CFO, Tata Motors; Mr. Girish Wagh, Executive Director, Tata Motors; Mr. Shailesh Chandra, MD, Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited; Mr. G.V. Ramanan, Vice President, Finance, Tata Motors Limited; Mr. Dhiman Gupta, Vice President, Finance, Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited; Mr. Adrian Mardell, CEO, Jaguar Land Rover; Mr. Richard Molyneux, CFO, Jaguar Land Rover, and we also have our colleagues from the Investor Relations team.
Today, we plan to walk you through the results presentation followed by Q&A. (Operator Instructions)
I now hand over to Balaji sir to take over. Over to you, sir.
Thank you, Anish. Standard Safe Harbor slide. The only difference you will notice going forward would be Tata Motors Finance is no more a subsidiary of Tata Motors. Tata Motors Finance Holding still
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