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Tata Motors Passenger Vehicles on November 13 reported a quarterly loss compared to a year-ago profit, hit by a one-time charge in exceptional charges, as the automaker navigated restructuring costs and pressure at its luxury Jaguar Land Rover business.

The Tata Group company reported second-quarter consolidated loss of Rs 5,531 crore compared to a profit of Rs 76,170 crore in the year-ago period.

Its British Jaguar Land Rover unit continues to recover from a cyberattack that disrupted production and sales last year, while the company undertakes a restructuring programme that includes employee separation costs and asset impairments.

JLR's performance remains critical to Tata Motors' overall profitability, with the automaker also facing pressure to restore margins and improve cash generation.

The company quoted the charge at Rs 6,738 crore.

Revenue for the quarter rose to Rs 96,920 crore from Rs 72,349 crore, on a consolidated basis.

Excluding the one-time cost of Rs 6,738 crore, the company's bottom line for the September quarter was a profit of Rs 1,207 crore.

Its net profit excluding one-time cost and tax stood at Rs 403 crore.

The Punch and Nexon maker's results come after domestic peers Maruti Suzuki and Hyundai Motor India reported a decline in quarterly profits, while Mahindra and Mahindra posted a rise.

Dhiman Gupta, Chief Financial Officer, said: “In Q2FY27 TMPV continued to build on its strong momentum in the domestic business, while JLR delivered resilient volumes despite global marketspecific challenges and wind-down of previous Jaguar models. However, adverse mix and persistent commodity pressures weighed on margins. Both businesses remain fundamentally strong, and we stay focused on executing our medium-term priorities: driving growth through new launches, accelerating cost reductions and improving cash generation.”

"Global geopolitical volatilities, luxury segment demand trends, pace of EV adoption and commodity costs continue to be key monitorable. We will continue to drive industry-beating growth for domestic business whilst improving margins through focused cost reductions and calibrated pricing actions. For JLR, near term focus areas will be to build sales momentum from new EV launches and demonstrate meaningful progress in Enterprise Missions plan. The businesses are focused on executing the long-term strategic plans," said the company in a stock exchange filing.

On November 13, Tata Motors PV shares closed 3.5% lower at Rs 287 apiece. The results were announced in the post-market hours.

In light of ongoing market challenges, geopolitical risks and the exceptional costs recognised in the quarter, JLR guidance for the full year has been revised to adjusted EBIT margin in the range of 2-3% and free cash outflow of 1.25 billion pounds, the company said.

Shailesh Chandra, Managing Director & CEO, Tata Motors Passenger Vehicles Limited said: “Q2 FY27 was another quarter of strong execution for Tata Motors PV, with record quarterly sales of 200k+ units and industrybeating growth of 40% YoY reflecting robust customer demand across our portfolio. We maintained our leadership in electric mobility, recording industry-beating growth of 90% YoY in EV sales. Building on the momentum of our Q1 launches, we further strengthened our portfolio with new launchings including the all-new Tata Aeris. We also unveiled our new customer-facing identity, TATA.CARS, reflecting the evolution of our brand in step with the aspirations of today’s Indian car buyer.

"We registered a Y-o-Y revenue growth of 51% and our highest ever quarterly revenues of Rs 20,400 crore in Q2FY27. While steep commodity cost pressures remained a headwind, we responded through calibrated pricing and focused cost actions. Looking ahead, we remain focused on sustaining industry-beating growth, capitalizing on growing EV-penetration, ramping up production capacity and strengthening profitability.”

With inputs from Reuters