Tata Motors Q4 Results Highlights: Profit tanks 51% YoY; company flags challenging environment amid tariff war

Tata Motors Q4 Results LIVE: PB Balaji, Group Chief Financial Officer, Tata Motors, “Despite external headwinds, Tata Motors sustained its strong performance in FY25, delivering its highest-ever revenues and PBT (bei). On a consolidated basis, the automotive business is now debt-free, reducing interest costs.

This is both pleasing and significant as it reflects healthy business fundamentals delivered by a resilient team. Drawing strength from it, in this environment of heightened uncertainty, we will remain agile, proactively drive our growth agenda, reduce our cash breakeven further, whilst continuing to invest in our future.

With the shareholders also approving the demerger, we are on track to realise the full potential of each of the businesses.”

Tata Motors Q4 Results LIVE: “Passenger vehicle sales in India grew by a modest 2% in FY25, but set a new record with over 4.3 million units sold. This growth was fueled by the rising popularity of SUVs — which accounted for 55% of total sales — and a rapidly increasing consumer preference toward environmentally friendly powertrains.

Electric vehicles showed renewed momentum, supported by a growing number of industry players expanding customer choices and reinforcing the EV ecosystem.

In a year marked by fluctuating demand, Tata Motors Passenger Vehicles led the industry in SUV growth and outpaced the market in CNG sales. Our multi-powertrain strategy and strong commitment to sustainable mobility enabled us to increase the share of CNG and electric vehicles to 36% of our overall portfolio.

We also celebrated two significant milestones in FY25: surpassing 6 million cumulative passenger vehicle sales and achieving over 200,000 cumulative EV sales," said Shailesh Chandra, Managing Director, TMPV and TPEM .

Tata Motors Q4 Results LIVE: Overall demand growth will be shaped by macroeconomic factors such as consumption growth, inflation, infrastructure spending, and global geopolitics. However, industry momentum is expected to be driven by continued innovation in line with evolving customer preferences, Tata Motors said.

“SUVs, CNG, and EVs will remain key growth drivers, fueling the industry’s expansion. A well-conceived product portfolio with multiple powertrains, exciting new launches, and a renewed focus on significantly improving after-sales service places Tata Motors well to regain its winning momentum,” the company added, while commenting on the outlook for its CV business.

Tata Motors Q4 Results LIVE: In Q4, PV segment volumes were at 147.0K units (down 5.5% YoY). Revenues in Q4 stood at ₹12.5K Cr, down 13.1% YoY, while EBIT margin was at 1.6%, down 130 bps YoY—impacted by lower volumes and realisations, partially offset by cost savings and incentives.

In Q4, the PV (ICE) business delivered EBITDA margins of 8.2%, and the EV business was EBITDA positive at 6.5%.

On a full-year basis, the PV business revenue declined by 7.5%, primarily due to a drop in hatchback volumes. FY25 EBITDA margins improved by 40 bps, whereas EBIT margins were down by 110 bps due to adverse operating leverage and an increase in depreciation & amortisation.

Tata Motors Q4 Results LIVE: With most macroeconomic indicators on track, improved fleet utilisation, and a stable sentiment index, we anticipate sustained growth despite global headwinds. We will continue to closely monitor government infrastructure spending and growth across key end-use segments. Our focus will remain on ensuring a smooth transition to AC regulation in trucks, coupled with value enhancements. With an expansive product portfolio, smart digital solutions, and new nameplate launches on the anvil, we are well-positioned to leverage market opportunities and grow, Tata Motors said.

Tata Motors Q4 Results LIVE: FY25 ended on a positive note for the Commercial Vehicles industry; an improvement versus the YoY demand decline witnessed earlier. At Tata Motors, we continued to strengthen our market presence by introducing innovative mobility solutions across both passenger and cargo segments. We accelerated our digital transformation, deepened customer engagement through strategic partnerships, and advanced our sustainability agenda with a comprehensive and purpose-driven approach.

Our focus on profitable growth enabled the CV business to deliver annual revenues of ₹75.1K Cr, PBT (bei) of ₹6.6K Cr, and a strong ROCE of 37.7% in FY25. Going forward, we remain committed to driving sustainable and profitable growth while improving Vahan market share across all business segments. We will continue to deliver greater value through cutting-edge products, intelligent services, and end-to-end mobility solutions that meet the evolving needs of our customers.

– Girish Wagh, Executive Director Tata Motors

Tata Motors Q4 Results LIVE: In Q4 FY25, domestic wholesale CV volumes were 99.6K units, down 4.8% YoY. Exports stood at 5.9K units, increasing 29.4% YoY. Revenues were marginally down by 0.5% YoY to ₹21.5K Cr due to lower volumes.

EBITDA and EBIT margins of 12.2% (up 20 bps YoY) and 9.7% (up 10 bps YoY), respectively, were delivered—driven primarily by improved realizations.

For the full year, while overall revenues declined by 4.7%, EBITDA rose to 11.8% (up 100 bps YoY) as mix and realizations were optimized. The business delivered its highest-ever profits of ₹6.6K Cr and a strong ROCE of 37.7%.

Tata Motors Q4 Results LIVE: Adrian Mardell, JLR Chief Executive Officer, said, “JLR has ended the year with strong annual and quarterly earnings, including delivering our tenth consecutive profitable quarter and our net debt zero target. We have achieved record sales of Defender, revealed the stunning Jaguar Type 00, and we are preparing to launch the wonderful Range Rover Electric.

This strong and consistent performance, the commitment of our people, partners, and clients, and the appeal of our luxury brands will support our response to current global economic challenges, including the evolving global trading environment.”

Tata Motors Q4 Results LIVE: In April 2025, we implemented a series of short-term actions to address the immediate impact of trade tariffs introduced by the US Administration on the global automotive sector.

On 8 May 2025, we welcomed the positive announcement of a US-UK trade deal. This reduces US trade tariffs on UK auto exports to the US from 27.5% to 10%, within a quota of 100,000 vehicles. This deal brings greater certainty for our sector and stakeholders.

We will continue to engage with the UK Government on the details of the trade deal. Our priority is to ensure we deliver for our global clients and protect EBIT through the delivery of transformation and efficiency initiatives.

Looking ahead, we expect investment spend to remain at £18 billion over a five-year period, funded by operational cash flows. We continue to evaluate the impact of global challenges and will provide an update at our Investor Day on 16 June 2025.

• JLR reported tenth consecutive profitable quarter, with Q4 FY25 revenue at £7.7 billion, down 1.7%
• JLR EBITDA margin came in at 15.3%, down 100 bps; EBIT margin was 10.7%, up 150 bps)
• FY25 revenue at £29.0 billion (flat), EBITDA 14.3% (-160 bps), EBIT 8.5% (flat)
• Free cash flows at £1.5 billion for FY25; net cash positive target achievedThe increase in profitability year-on-year reflects higher volumes and a reduction in depreciation and amortisation (D&A), partially offset by an increase in VME

Tata Motors Q4 Results LIVE: Tariffs and related geopolitical actions are making the operating environment uncertain and challenging. However, the global premium luxury segment and the Indian domestic market are expected to weather this relatively better.

Drawing strength from our strong business fundamentals, we remain focused on executing our growth strategy flawlessly, serving our customers better, and maintaining heightened vigilance on costs and cash flows — all while continuing to invest in our future.

Tata Motors Q4 Results LIVE: For FY25, TML reported record revenues of ₹439.7K crore with EBITDA at ₹57.6K crore, and the highest-ever PBT (before exceptional items) of ₹34.3K crore — up ₹5K crore over the previous year. Net profit stood at ₹28.1K crore. The TML group turned net auto cash positive in FY25, ending the year with a net cash balance of ₹1.0K Cr.

The Board of Directors have recommended a final dividend of ₹ 6/- per share subject to approval by the shareholders, Tata Motors said in a filing today.

Tata Motors Q4 Results LIVE: EBITDA margin declined 60 bps to 14% in Q4 FY25 on a YoY basis. Meanwhile, for the full year, EBITDA margin was lower by 100 bps to 13.1%.

Tata Motors Q4 Results LIVE: Revenue from operations in Q4 FY25 came in at ₹119,502 crore, a growth of 0.4% YoY. Meanwhile, as against the December 2024 quarter, revenue rose 6% from ₹112,608 crore.

Tata Motors Q4 Results LIVE: Tata Motors posted a 51% decline in consolidated Q4 PAT to ₹8,470 crore, as against ₹17,407 crore in the corresponding quarter a year ago. On a QoQ basis, the PAT jumped from ₹5,406 crore posted in Q3 FY25.

Tata Motors Q4 Results LIVE: A look at how different segments could perform:

• JLR EBIT margin is expected to be 10.3%, supported by better operating leverage and continued lower depreciation, as the company extends its current platforms due to a delay in EV plans.
• CV EBITDA margin is expected at 12.4%, driven by improved operating leverage as volumes grew 10% QoQ. CV realizations are likely to grow 3% QoQ, led by a price hike and a lower mix of SCV sales.
• PV EBITDA margin is expected to improve marginally QoQ to 7.9%, supported by better operating leverage and a lower EV mix.
  
  (Source: HSIE Research)

Tata Motors Q4 Results LIVE: Shares of India's one of the top carmakers Tata Motors declined n Tuesday ahead of its Q4 results later today. Tata Motors is expected to post a poor show on a YoY basis, even as its QoQ performance could be strong.

Tata Motors share price closed the day at ₹708 apiece, up 1.74% on the BSE. On the NSE, the Tata group company's auto stock closed 1.73% lower at ₹708.30.

Tata Motors Q4 Results LIVE: YES Securities expects Tata Motors' consolidated revenue to be flat YoY but up 5.2% QoQ at ₹1,195 billion. 

Consolidated EBITDA margins are expected to contract by 200 bps YoY, but rise 70 bps QoQ to 12.2%. 

Adjusted PAT, according to the brokerage is expected to decline 61% YoY and rise 21% QoQ to ~ ₹69.4 billion. This will be led by an expected sharp improvement in JLR profitability on a QoQ basis, YES Securities said.

Tata Motors Q4 Results LIVE: In 4QFY25, overall PV wholesales grew 10% YoY, mainly driven by strong numbers from Mahindra, Kia, and Skoda. PV retail grew ~7% YoY / 1% QoQ, driven by higher discounting towards the end of March. M&M and Toyota continued to gain market share, while Tata Motors lost market share in 4QFY25, said a report by Antique Stock Broking.

Tata Motors Q4 Results LIVE: Kotak Equities expects reported EBITDA margin of JLR to decline by 60 bps YoY to 15.6% driven by negative operating leverage and higher VME and marketing spends. Overall, it expects JLR EBIT margin to come in at 10.7% in Q4FY25, up 150 bps YoY.  

Tata Motors Q4 Results LIVE: Kotak Institutional Equities expects JLR volumes (excluding China JV) to decline by 3% YoY led by weakness in EU and China markets. Overall, it expects revenues (ex China JV) to decline by 2% YoY in Q4FY25 driven by decline in volumes. It expects ASP to increase by 1% YoY driven by richer model mix (higher mix of RR, RR Sport and Defender) offset by higher discounting and lower China mix. 

Tata Motors Q4 Results LIVE: For Tata Motors India business, both PV and CV volumes declined ~6% and 3% YoY.  CVs’ EBITDA margin is expected to expand 90 bps YoY, while EBITDA margin for PV is likely to remain stable YoY at 7.3%. JLR volumes are expected to grow 3% YoY. However, we expect EBITDA margin to be under pressure and contract 130 bps YoY due to rising discounts and higher warranty costs. Overall, we expect Tata Motors to post 8% PAT growth, Motilal Oswal Financial Services said.

Tata Motors Q4 Results LIVE: At the operational level, Tata Motors’ earnings before interest, tax, depreciation and amortisation (EBITDA) in Q4FY25 is estimated to fall 6% to ₹16,002 crore from ₹16,993.3 crore, YoY. EBITDA may improve 23% QoQ. EBITDA margin is estimated to contract despite improvement in India Commercial Vehicles (CV) and Passenger Vehicles (PV) margin, owing to lower JLR margin. 

Tata Motors Q4 Results LIVE: Tata Motors is expected to report a consolidated net profit of ₹7,681 crore in the fourth quarter of FY25, registering a sharp fall of 56% from ₹17,353 crore profit in the same period last fiscal year, according to Nuvama Equities.

Tata Motors Q4 Results LIVE: Tata Motors consolidated revenue in Q4FY25 is expected to rise marginally to ₹1,20,454 crore from ₹1,19,986.3 crore in the year-ago period, according to estimates by Nuvama Institutional Equities. On a sequential basis, Tata Motors revenue in the March 2025 quarter is estimated to rise 6% from ₹1,13,575 crore in the December quarter.

Tata Motors Q4 Results LIVE: Tata Motors share price has jumped 20% in one month, and has gained over 4% in three months. The Tata group stock has fallen 4.7% YTD, and has dropped 9% in six months. Over the past one year period, Tata Group shares have declined 26%, while the stock has delivered 720% returns in five years.

Tata Motors Q4 Results LIVE: Tata Motors is expected to report muted earnings performance in the quarter ended March 2025 amid a decline in volumes across most segments. While the Tata Group company’s revenue in Q4FY25 is likely to remain flat on a year-on-year (YoY) basis, its adjusted net profit is estimated to drop significantly. Tata Motors is also estimated to post weak operational results with a drop in EBITDA and narrowing of margins

Tata Motors Q4 Results LIVE: Tata Motors share price traded lower on Tuesday ahead of Q4 results today. Tata Motors shares opened flat at ₹720.55 apiece as against its previous close of ₹720.55 on the BSE. Tata Motors shares gained as much as 0.84% to ₹726.65, while it declined 0.86% to an intraday low of ₹714.35 on the BSE. At 12:10 PM, Tata Motors shares were trading 0.51% lower at ₹716.85 apiece on the BSE. 

Tata Motors Q4 Results LIVE: Tata Motors board, in its meeting today, is also likely to consider and declare a dividend for FY25 to its shareholders.

“... a Meeting of the Board of Directors of Tata Motors Limited is scheduled to be held on Tuesday, May 13, 2025, inter alia, to: recommend to the shareholders for approval to declare a dividend, if any, on the Ordinary Shares of the Company for the financial year ending March 31, 2025 at the forthcoming 80th Annual General Meeting of the Company,” Tata Motors said in a regulatory filing.

Tata Motors Q4 Results LIVE: Tata Motors Ltd., the commercial and passenger vehicles manufacturer, and the parent company of luxury carmaker Jaguar Land Rover (JLR), will report its Q4 results today. The meeting of the board of directors of Tata Motors is scheduled for Tuesday, 13 May 2025, to consider and approve the financial results for the fourth quarter of FY25 as well as for the full financial year 2024-2025.