Tata Motors Q2 Results: Commercial Vehicles arm posts ₹867 crore net loss; revenue at ₹18,585 crore — Details here

Tata Motors Q2 Results: Tata Motors' commercial vehicles (CV) arm announced its July-to-September quarter results for the financial year 2025-26 on Thursday, 13 November. The company reported a net loss of ₹867 crore in the second quarter, according to its consolidated financial statements.

The company incurred a net loss in Q2 FY26, compared to a ₹498 crore net profit in the second quarter of the previous financial year, according to the exchange filing.

Here's what the results show

Tata Motors' CV arm's revenue from core operations rose nearly 6% to ₹18,585 crore in the July-September quarter of the 2025-26 fiscal year, compared year-on-year (YoY) with ₹17,535 crore in the same period a year ago.

However, second-quarter results also showed that the company's total expenses jumped 15% to ₹19,296 crore, compared YoY with ₹16,777 crore in the same period of the previous financial year.

The overall rise in expenses for the quarter is primarily due to the higher costs of materials consumed by the commercial automaker, as well as one-time fair value loss incurred from equity investments of ₹2,027 crore.

Taking a deeper dive into the segmental revenues showed that the company's income from the sale of commercial vehicles rose 6.5% to ₹18,370 crore, compared to ₹17,236 crore in the same period a year ago. This rise contributed to the overall increase in the company's revenue from core operations.

Tata Motors share price

Tata Motors' Commercial Vehicles arm (TMCV) share price closed 2.26% lower at ₹320.25 after Thursday's stock market session, compared to ₹327.65 at the previous market close. The company announced its Q2 results after market hours on 13 November.

Mint reported earlier that the shares of TMCV were listed at ₹335 apiece on the NSE, and at ₹330.25 apiece on the BSE, marking a listing premium in both cases on Wednesday, 12 November 2025.

Tata Motors shares hit their all-time high level of ₹346.75 during the trading session on the listing day, while the all-time low level stood at ₹315 on Wednesday. The company's market capitalisation stood at more than ₹1.17 trillion as of 13 November 2025.

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