Mumbai, Nov 14
Tata Motors Passenger Vehicles (TMPV) on Friday reported a multi-fold jump in its consolidated net profit to Rs 76,170 crore for the second quarter of the current financial year (Q2 FY26), driven by an Rs 82,616 crore one-time gain from the demerger of its commercial vehicles business.
The quarter was significantly disrupted by the cyberattack at JLR, which impacted production and deliveries. TMPV, however, said that its domestic business remained resilient, and demand improved following the GST rate reductions, aiding recovery towards the end of the quarter.
On Friday, the stock closed 1.3 per cent lower at Rs 392.9. The results were declared after market hours.