Integrated Filing — IndAS



General information about company

Scrip Code 500570
NSE Symbol TMPV
MSEI Symbol NOTLISTED
ISIN INE155A01022
Name of company Tata Motors Passenger Vehicles Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 14-05-2026
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 28-04-2026
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Fourth quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Audited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Audited
Segment Reporting Multi segment
Description of single segment
Start date and time of board meeting 14-05-2026   11:30:00
End date and time of board meeting 14-05-2026   16:05:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 1,05,44,700.00 3,35,58,200.00
Other income 1,63,300.00 5,78,700.00
Total income 1,07,08,000.00 3,41,36,900.00
2 Expenses
(a) Cost of materials consumed 55,46,500.00 1,95,58,500.00
(b) Purchases of stock-in-trade 4,98,900.00 16,83,600.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 6,12,400.00 1,66,100.00
(d) Employee benefit expense 11,89,800.00 45,15,000.00
(e) Finance costs 76,700.00 2,82,700.00
(f) Depreciation, depletion and amortisation expense 5,09,200.00 19,78,400.00
(f) Other Expenses
1 Compulsorily convertible preference share measured at fair value (gain)/ loss (18,400.00) (17,800.00)
2 Foreign exchange (gain)/loss (net) 1,27,300.00 1,29,200.00
3 Product development/engineering expenses 2,63,700.00 11,86,300.00
4 Other expenses 20,61,700.00 76,02,500.00
5 Amount transferred to capital and other account (8,63,100.00) (31,54,900.00)
Total other expenses 15,71,200.00 57,45,300.00
Total expenses 1,00,04,700.00 3,39,29,600.00
3 Total profit before exceptional items and tax 7,03,300.00 2,07,300.00
4 Exceptional items 11,000.00 (4,14,200.00)
5 Total profit before tax 7,14,300.00 (2,06,900.00)
6 Tax expense
7 Current tax 58,100.00 3,62,100.00
8 Deferred tax 81,800.00 (3,86,700.00)
9 Total tax expenses 1,39,900.00 (24,600.00)
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 5,74,400.00 (1,82,300.00)
12 Profit (loss) from discontinued operations before tax 0.00 84,27,400.00
13 Tax expense of discontinued operations 0.00 25,200.00
14 Net profit (loss) from discontinued operation after tax 0.00 84,02,200.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 13,400.00 44,600.00
16 Total profit (loss) for period 5,87,800.00 82,64,500.00
17 Other comprehensive income net of taxes (1,27,300.00) 9,66,200.00
18 Total Comprehensive Income for the period 4,60,500.00 92,30,700.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 5,78,300.00 82,39,000.00
Total profit or loss, attributable to non-controlling interests 9,500.00 25,500.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 4,44,900.00 91,92,700.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 15,600.00 38,000.00
21 Details of equity share capital
Paid-up equity share capital 73,700.00 73,700.00
Face value of equity share capital 2 2
27 Details of debt securities
22 Reserves excluding revaluation reserve 1,11,33,100.00
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 15.71 -4.43
Diluted earnings (loss) per share from continuing operations 15.7 -4.43
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 3.82
Diluted earnings (loss) per share from discontinued operations 0 3.82
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 15.71 -0.61
Diluted earnings (loss) per share from continuing and discontinued operations 15.7 -0.61
24 Debt equity ratio 0.6200 0.6200
25 Debt service coverage ratio 1.4700 0.9700
26 Interest service coverage ratio 22.0600 1.5100
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) Profit for the period from discontinued operations include profit on disposal of discontinued operation amounting to Rs. 82,616, not used for calculation of EPS since no impact on net worth.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 31-03-2026
Whether results are audited or unaudited Audited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 73,32,900.00
Capital work-in-progress 26,50,000.00
Investment property 0.00
Goodwill 1,42,800.00
Other intangible assets 29,89,900.00
Intangible assets under development 76,15,400.00
Biological assets other than bearer plants 0.00
Investments accounted for using equity method 5,48,000.00
Non-current financial assets
Non-current investments 2,24,800.00
Trade receivables, non-current 0.00
Loans, non-current 1,900.00
Other non-current financial assets
1 Other non current financial assets 7,00,500.00
Total of other non-current financial assets 7,00,500.00
Total non-current financial assets 9,27,200.00
Deferred tax assets (net) 14,97,600.00
Other non-current assets
1 Non-current tax assets (net) 74,400.00
2 Other non-current assets 5,39,200.00
Total of other non-current assets 6,13,600.00
Total non-current assets 2,43,17,400.00
2 Current assets
Inventories 50,12,600.00
Current financial asset
Current investments 18,58,500.00
Trade receivables, current 12,61,900.00
Cash and cash equivalents 22,88,000.00
Bank balance other than cash and cash equivalents 6,80,400.00
Loans, current 13,400.00
Other current financial assets
Total of other current financial assets 11,26,500.00
Total current financial assets 72,28,700.00
Current tax assets (net) 80,400.00
Other current assets
1 Other current assets 14,64,000.00
Total of other current assets 14,64,000.00
Total current assets 1,37,85,700.00
3 Non-current assets classified as held for sale 89,100.00
4 Regulatory deferral account debit balances and related deferred tax Assets 0.00
Total assets 3,81,92,200.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 73,700.00
Other equity 1,11,33,100.00
Total equity attributable to owners of parent 1,12,06,800.00
Non controlling interest 6,77,400.00
Total equity 1,18,84,200.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 44,24,800.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises 0.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 0.00
Total Trade payable 0.00
Other non-current financial liabilities
1 Lease liabilities 7,77,300.00
2 Compulsory convertible preference shares - liability portion 2,28,600.00
3 Other financial liabilities 2,02,800.00
Total of other non-current financial liabilities 12,08,700.00
Total non-current financial liabilities 56,33,500.00
Provisions, non-current 23,42,500.00
Deferred tax liabilities (net) 2,73,300.00
Deferred government grants, Non-current 0.00
Other non-current liabilities
1 Other non-current liabilities 16,28,200.00
Total of other non-current liabilities 16,28,200.00
Total non-current liabilities 98,77,500.00
Current liabilities
Current financial liabilities
Borrowings, current 25,70,500.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 15,400.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 92,62,600.00
Total Trade payable 92,78,000.00
Other current financial liabilities
1 Lease liabilities 1,38,300.00
2 Other current financial liabilities 12,31,300.00
Total of other current financial liabilities 13,69,600.00
Total current financial liabilities 1,32,18,100.00
Other current liabilities 14,26,200.00
1 Other current liabilities 14,26,200.00
Total of other current liabilities 14,26,200.00
Provisions, current 16,26,500.00
Current tax liabilities (Net) 1,59,700.00
Deferred government grants, Current 0.00
Total current liabilities 1,64,30,500.00
3 Liabilities directly associated with assets in disposal group classified as held for sale 0.00
4 Regulatory deferral account credit balances and related deferred tax liability 0.00
Total liabilities 2,63,08,000.00
Total equity and liabilites 3,81,92,200.00
Disclosure of notes on assets and liabilities Textual Information(1)



Text Block

Textual Information(1) Property, plant and equipment includes Right of use assets Total outstanding dues of creditors other than micro and small enterprises includes acceptances



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-01-2026 01-04-2025
Date of end of reporting period 31-03-2026 31-03-2026
Whether results are audited or unaudited Audited Audited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
1 Automotive and related activity 0.00 0.00
2 - Tata and other brands vehicles 0.00 0.00
3 (a) Passenger Vehicle 18,74,200.00 58,46,500.00
4 (b) Corporate/Unallocable 1,400.00 15,400.00
5 - Jaguar and Land Rover 85,62,500.00 2,73,30,300.00
6 Less: Intra segment eliminations (900.00) (5,300.00)
7 Others 1,57,200.00 5,51,300.00
8 Less: Inter segment eliminations 0.00 0.00
Total Segment Revenue 1,05,94,400.00 3,37,38,200.00
Less: Inter segment revenue 49,700.00 1,80,000.00
Revenue from operations 1,05,44,700.00 3,35,58,200.00
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
1 Automotive and related activity 0.00 0.00
2 - Tata and other brands vehicles 0.00 0.00
3 (a) Passenger Vehicle 84,400.00 82,500.00
4 (b) Corporate/Unallocable (12,200.00) (31,300.00)
5 - Jaguar and Land Rover 7,38,700.00 2,68,000.00
6 Less: Intra segment eliminations (100.00) (1,200.00)
7 Others 20,100.00 72,100.00
8 Less: Inter segment eliminations 1,600.00 (7,200.00)
Total Profit before tax 8,32,500.00 3,82,900.00
i. Finance cost 76,700.00 2,82,700.00
ii. Other Unallocable Expenditure net off Unallocable income 28,100.00 2,62,500.00
Profit before tax 7,27,700.00 (1,62,300.00)
3 (Segment Asset - Segment Liabilities)
Segment Asset
1 Automotive and related activity 0.00 0.00
2 - Tata and other brands vehicles 0.00 0.00
3 (a) Passenger Vehicle 27,48,700.00 27,48,700.00
4 (b) Corporate/Unallocable 2,42,500.00 2,42,500.00
5 - Jaguar and Land Rover 2,71,12,400.00 2,71,12,400.00
6 Less: Intra segment eliminations 0.00 0.00
7 Others 7,05,100.00 7,05,100.00
8 Less: Inter segment eliminations (1,18,100.00) (1,18,100.00)
Total Segment Asset 3,06,90,600.00 3,06,90,600.00
Un-allocable Assets 75,01,600.00 75,01,600.00
Net Segment Asset 3,81,92,200.00 3,81,92,200.00
4 Segment Liabilities
Segment Liabilities
1 Automotive and related activity 0.00 0.00
2 - Tata and other brands vehicles 0.00 0.00
3 (a) Passenger Vehicle 18,43,800.00 18,43,800.00
4 (b) Corporate/Unallocable 62,900.00 62,900.00
5 - Jaguar and Land Rover 1,63,12,500.00 1,63,12,500.00
6 Less: Intra segment eliminations 0.00 0.00
7 Others 3,87,800.00 3,87,800.00
8 Less: Inter segment eliminations (47,300.00) (47,300.00)
Total Segment Liabilities 1,85,59,700.00 1,85,59,700.00
Un-allocable Liabilities 77,48,300.00 77,48,300.00
Net Segment Liabilities 2,63,08,000.00 2,63,08,000.00
Disclosure of notes on segments Textual Information(2)



Text Block

Textual Information(2) Segment Results does not include profit of Rs.1,658 crore from discontinued operation and exceptional gain on disposal of discontinued operation Rs.82,616 crore.



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-01-2026 01-04-2025
B Date of end of reporting period 31-03-2026 31-03-2026
C Whether results are audited or unaudited Audited Audited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Remeasurement losses on defined benefit obligations (net) 8,300.00 (1,70,200.00)
2 Equity instruments at fair value through other comprehensive income (net) 10,100.00 20,200.00
3 Share of other comprehensive (loss)/ income in equity accounted investees (net) 1,000.00 1,000.00
Total Amount of items that will not be reclassified to profit and loss 19,400.00 (1,49,000.00)
2 Income tax relating to items that will not be reclassified to profit or loss 2,900.00 (40,400.00)
3 Amount of items that will be reclassified to profit and loss
1 Exchange differences in translating the financial statements of foreign operations 2,69,000.00 11,28,900.00
2 Gains in cash flow hedges (including forecast inventory purchases) (5,89,500.00) (1,61,400.00)
3 Share of other comprehensive income/ (loss) in equity accounted investees (net) 35,000.00 67,800.00
Total Amount of items that will be reclassified to profit and loss (2,85,500.00) 10,35,300.00
4 Income tax relating to items that will be reclassified to profit or loss (1,41,700.00) (39,500.00)
5 Total Other comprehensive income (1,27,300.00) 9,66,200.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 31-03-2026
C Whether results are audited or unaudited Audited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax (2,06,900.00)
Adjustments for reconcile profit (loss)
Adjustments for finance costs 3,07,300.00
Adjustments for decrease (increase) in inventories (4,31,800.00)
Adjustments for decrease (increase) in trade receivables, current (1,58,700.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets (3,19,600.00)
Adjustments for decrease (increase) in other non-current assets 2,00,600.00
Adjustments for other financial assets, non-current (17,500.00)
Adjustments for other financial assets, current (64,000.00)
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (1,97,300.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 2,04,200.00
Adjustments for increase (decrease) in other non-current liabilities (98,500.00)
Adjustments for depreciation and amortisation expense 20,25,300.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current (2,89,300.00)
Adjustments for provisions, non-current 2,49,000.00
Adjustments for other financial liabilities, current 10,800.00
Adjustments for other financial liabilities, non-current 8,300.00
Adjustments for unrealised foreign exchange losses gains 13,600.00
Adjustments for dividend income 10,000.00
Adjustments for interest income 2,03,600.00
Adjustments for share-based payments 1,600.00
Adjustments for fair value losses (gains) (13,300.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow 0.00
Other adjustments to reconcile profit (loss) 0.00
Other adjustments for non-cash items 6,25,300.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 18,42,400.00
Net cash flows from (used in) operations 16,35,500.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 3,31,400.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 13,04,100.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 51,200.00
Other cash receipts from sales of equity or debt instruments of other entities 10,58,200.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 2,000.00
Other cash payments to acquire interests in joint ventures 500.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 4,600.00
Purchase of property, plant and equipment 13,58,300.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 22,69,900.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 0.00
Purchase of other long-term assets 0.00
Cash advances and loans made to other parties 8,300.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 19,900.00
Interest received 1,94,000.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (71,500.00)
Net cash flows from (used in) investing activities (24,81,000.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 0.00
Payments from changes in ownership interests in subsidiaries 0.00
Proceeds from issuing shares 2,200.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 0.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 26,42,500.00
Repayments of borrowings 18,11,000.00
Payments of lease liabilities 2,14,500.00
Dividends paid 2,20,300.00
Interest paid 5,11,100.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (22,200.00)
Net cash flows from (used in) financing activities (1,34,400.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes (13,11,300.00)
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 1,64,400.00
Net increase (decrease) in cash and cash equivalents (11,46,900.00)
Cash and cash equivalents cash flow statement at beginning of period 34,34,900.00
Cash and cash equivalents cash flow statement at end of period 22,88,000.00





Details of Impact of Audit Qualification

Amount in (Lakhs)

Whether results are audited or unaudited Audited
Declaration of unmodified opinion or statement on impact of audit qualification Declaration of unmodified opinion
Auditor's opinion
Declaration pursuant to Regulation 33 (3) (d) of SEBI (LODR) Regulation, 2015: The company declares that its Statutory Auditor/s have issued an Audit Report with unmodified opinion for the period on Standalone results Yes
Sr No. Audit firm's name Whether the firm holds a valid peer review certificate issued by Peer Review Board of ICAI Certificate valid upto
1 B S R & Co. LLP Yes 31-08-2028