Tata Motors reported strong financial and operational results for the second quarter of FY27.

Standalone revenue rose 42% year over year to ₹23,900 crore. Standalone profit before tax increased 51% to ₹2,700 crore.

Consolidated revenue grew 36% to ₹25,300 crore. Consolidated profit after tax rose 244% to ₹1,300 crore.

Wholesale volumes reached 135,100 units, up 42% from a year earlier. Exports surged 177%.

Tata Motors shares fell 4.41% on October 23, 2026, amid investor concerns about margin compression from rising commodity costs.

The standalone EBITDA margin declined 90 basis points year over year to 11.7. It remained stable sequentially.

The company cited disciplined cost management and operating efficiencies as key drivers of its performance.