Tata Motors Limited Q2 FY26 Earnings Call Transcript
Tata Motors Limited (TMCV) released the earnings call transcript for Q2 FY26, highlighting revenue of ₹18.4 crores, a double-digit EBITDA at 12.2%, and PBT at ₹1,700 crores. The company completed its demerger and listing.
The announcement provides key financial performance details and strategic updates, which can influence investor perception and stock performance.
The announcement discusses positive financial results, including increased revenue, strong EBITDA, and PBT. It also highlights the successful completion of the demerger and listing.
* Tata Motors Limited (formerly TML Commercial Vehicles Limited) announced the transcript of the earnings discussion/conference call held after the board meeting on November 13, 2025, regarding the Audited Standalone and Unaudited Consolidated Financial Results for the second quarter ended September 30, 2025. * Q2 FY26 Highlights: * Revenue: ₹18.4 crores, up 6.6% Y-o-Y. * EBITDA: Double-digit at 12.2%. * PBT: ₹1,700 crores. * ROCE: 45%. * Strong free cash flow of ₹2,200 crores in Q2 FY'26. * H1 FCF was a record ₹417 crores, the highest ever. * The company successfully completed the demerger with an effective date of October 1, 2025, and is now listed as Tata Motors Limited (TMCV) on BSE and NSE. * An additional investment of ₹134 crores was made in Freight Tiger, bringing the total investment to ₹284 crores. * The company expects growth momentum to continue through the second half across segments. * Management Commentary: The GST cut has boosted consumption, leading to improvement in D2C or B2C kind of customers who don't take input tax credit. Mining, construction, infrastructure has restarted. Towards the end of Q2, the company has started seeing good improvement in tipper demand.
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Tata Motors Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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