Tata Motors Reports Q2 Loss Amid JLR Restructuring Costs

Tata Motors Passenger Vehicles reported a consolidated second-quarter loss of Rs 5,531 crore, a significant reversal from the Rs 76,170 crore profit recorded during the same period last year. The loss resulted primarily from a one-time exceptional charge of Rs 6,738 crore tied to asset impairments and restructuring costs at its luxury Jaguar Land Rover (JLR) unit, which is also recovering from a prior cyberattack.

Despite the net loss, the company saw consolidated revenue rise to Rs 96,920 crore. Excluding the one-time charges, the company would have posted a profit of Rs 1,207 crore. Domestic performance remained strong, with sales growing 40% year-over-year to exceed 200,000 units, while electric vehicle sales increased by 90%.

Jaguar Land Rover revised its full-year guidance to an adjusted EBIT margin of 2-3% and a free cash outflow of 1.25 billion pounds, citing geopolitical risks and exceptional costs. Company leadership noted that while domestic momentum is strong, global market challenges and commodity pressures continue to impact margins.