Business Desk :- Shares of Tata Motors Commercial Vehicles (CV) may remain in the focus of investors on Monday. The company has released the results for the second quarter i.e. Q2 of the financial year 2026-27. The company came out of loss and returned to profit in the September quarter.
During this period, revenue increased by 36.5% on an annual basis. Good growth was also recorded in domestic sales and exports. Along with this, foreign institutional investors (FII) have increased their stake in the company.
Profit of Rs 1,254 crore in Q2
Tata Motors CV reported a consolidated profit after tax (PAT) of Rs 1,254 crore in the September quarter. The company had suffered a loss of Rs 561 crore in the same quarter a year ago. That means the company has returned to profit from losses on an annual basis.
The company’s revenue also increased by 36.5% to Rs 25,232 crore, from Rs 18,491 crore in the same period last year. Whereas, if we talk about operating performance, EBITDA increased by 31.1% to Rs 2,723 crore. A year ago it was Rs 2,077 crore.
However, the company’s EBITDA margins declined. It was 12.3% in the September quarter of last year, which came down to 11.4% this time. This means that despite the increase in EBITDA, the ratio of operating profit to revenue decreased.
Domestic sales increased by 30%, exports increased by 177%
The company’s domestic commercial vehicle business also witnessed strength. Domestic vehicle sales grew 30% in the September quarter compared to the same period last year. At the same time, an increase of 177% was recorded in exports.
According to vehicle registration data for the first half of FY 2026-27, the company’s overall share in the Indian commercial vehicle market stood at 36.2%. According to available information, this is more than the market share of FY 2025-26. However, the basis point figure needs to be confirmed before publishing the exact margin of market share increase.
Partnership for Electric Commercial Vehicles
Tata Motors CV has tied up with Driven to make it easier for electric commercial vehicles to reach customers. Under this, there is a plan to provide leasing and funding options for electric vehicles. This can give customers the option of leasing or financing the vehicle instead of purchasing it.
The company has also tested a model related to recycling used oil with PETRONAS. Its objective is to develop a process for reusing used oil, which can be implemented on a large scale.
Additionally, the company has developed an 86 MW wind-solar hybrid project in partnership with Welspun Renewable Energy Private Limited. Both wind and solar energy will be used to generate electricity in this project.
FII increased stake
The stake of foreign institutional investors i.e. FIIs also increased in the September 2026 quarter. According to data available with Trendlyne, foreign investors bought 1.66 crore shares of the company. After this his stake in the company increased to 19.02%, whereas it was 18.58% in the June 2026 quarter.
The increase in FII stake indicates the interest of foreign investors in the company. However, further movement of the stock cannot be predicted based on FII buying alone. Investors should also pay attention to the company’s financial results, margins, sales growth and current valuation.
What will investors keep an eye on?
Return to profit, revenue growth and uptick in exports are the key points in Tata Motors CV’s Q2 results. On the other hand, the decline in EBITDA margin is also noticeable. Going forward, investors can keep an eye on domestic commercial vehicle demand, export momentum, electric vehicle business and improvement in operating margins.
Disclaimer: This article is based on available trading data and is not investment advice. Verify the company’s official results and latest market data before investing in shares.