Tata Motors Q3 Profit Plunges 48% to Rs 705 Crore; Shares Fall 4%
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Moneycontrol•30-01-2026, 13:04
Tata Motors Q3 Profit Plunges 48% to Rs 705 Crore; Shares Fall 4%
- •Tata Motors reported a 48% year-on-year drop in consolidated net profit to Rs 705 crore for Q3 FY26.
- •The profit decline was significantly impacted by exceptional costs totaling Rs 1,643 crore, including stamp duty charges and new labor code implementation.
- •Revenue from operations, however, increased by over 16% YoY to Rs 21,847 crore, and operating margin improved to 12.60%.
- •Brokerages have mixed views: Motilal Oswal is 'Neutral' with a target of Rs 431, citing market share loss and macro uncertainties.
- •Emkay Global and JM Financial maintain 'Buy' calls, with target prices of Rs 650 and Rs 550 respectively, expecting CV demand growth and margin support from price hikes.
Why It Matters: Tata Motors' Q3 net profit fell sharply due to exceptional costs, leading to a 4% share price drop.
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