Tata Motors reported a 63% YoY drop in Q1FY26 consolidated net profit to Rs 3,924 crore, beating Street estimates despite a challenging demand environment. Revenue declined marginally by 0.3% YoY to Rs 1.04 lakh crore. Motilal Oswal cut the target price to Rs 631, citing ongoing headwinds for JLR and passenger vehicles but noted strong commercial vehicle performance.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets