JLR cuts margin and revenue guidance, Tata Motors PV swings to loss
Tata Motors PV posted a September-quarter loss driven by JLR job cuts and asset write-downs, while the British carmaker lowered its full-year forecasts.
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what happened
According to Moody's, Tata Motors Passenger Vehicles Ltd recorded a loss of Rs.5,451 crore in the September quarter. The loss came from job cuts and asset write-downs at Jaguar Land Rover (JLR). A year earlier the company had booked a profit of Rs.76,428 crore, but that was lifted by a one-time gain from the demerger of its commercial vehicle business. Consolidated revenue rose 34% to Rs.96,920 crore.
On Friday, JLR cut its FY27 adjusted operating margin forecast to 2-3% from 4%, lowered its revenue outlook to about £25 billion from £26 billion, and expects cash outflow of around £1.25 billion more than inflow this year. It cited market difficulties, geopolitical risks and restructuring costs.
why it matters
The 4% margin forecast given in June had already triggered a sell-off in Tata Motors PV shares in India. Net debt rose from Rs.30,700 crore to Rs.50,800 crore, which keeps investor attention on the company's ability to reduce leverage.
market impact
Tata Motors PV shares: weak results and a lower forecast put pressure on the stock
- Tata Motors PV shares pressure down — weak results and a lower margin forecast pressure the stock
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instruments
sources
- JLR cuts margin, revenue guidance as restructuring weighs on Tata Motors — Moody's, 13 November 2026 at 18:18 UTC
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