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1h ago

JLR Cyber Breach Hammers Results as Tata Motors Passenger Vehicles Sinks on Guidance Cut

Management now guides to a 0–2% EBIT margin for FY26 with a caution of £2.2–2.5 billion free‑cash outflow.

Tata Motors (PV): The stock dropped 7.27 per cent to a day low of Rs 363.15.

Overview

  • Tata Motors Passenger Vehicles fell about 6–7% after disclosing a weak Q2 driven by Jaguar Land Rover’s disruption from a September cyber breach.
  • JLR reported £4.9 billion in revenue, down 24.3% year on year, with an EBIT margin of -8.6% and a pre-tax loss of £485 million.
  • The company outlined plans to stabilise production, strengthen supply chains, step up brand-led demand initiatives, and accelerate cost savings.
  • Group consolidated revenue declined 14% to Rs 72,349 crore, while consolidated net profit rose to Rs 76,170 crore due to a one-time gain from the commercial-vehicles demerger.
  • Brokerages expect disruption effects to extend into Q3, with Goldman Sachs flagging roughly 30,000 units of production loss, as India’s PV business shows relative resilience supported by GST cuts and PLI-backed EV margins.