Overview
- With more than 700 companies reporting on Nov. 13–14, the Q2 FY26 window closed with sharply divergent outcomes across sectors.
- Tata Motors Passenger Vehicles reported consolidated profit of Rs 76,170 crore, driven by a Rs 82,616 crore one-time demerger gain, as JLR’s revenue fell to £4.9 billion with EBIT margin at –8.6% and guidance cut to 0–2%.
- Tata Motors Commercial Vehicles posted its first post-demerger quarter with a consolidated net loss of Rs 867 crore, revenue up 6% to Rs 18,585 crore, and EBITDA collapsing to Rs 22 crore for a 0.1% margin.
- Eicher Motors’ profit rose 24% to Rs 1,369 crore on revenue of Rs 6,172 crore, powered by Royal Enfield’s record 327,067 quarterly sales and steady gains at VECV.
- Hero MotoCorp’s profit increased to Rs 1,393 crore with revenue at Rs 12,126 crore and margin at 15%, while Voltas’ profit dropped 74% to Rs 34.3 crore as an early monsoon and GST timing effects hit cooling-product demand.