Tata Motors PV Shares Surge 8% Despite 32% Drop in Q4 Profit
Tata Motors PV shares rally 8% even as Q4 net profit drops 32% YoY. Here's what Macquarie, Jefferies & other brokerages say
The Economic Times
Image: The Economic Times
Tata Motors Passenger Vehicles (TMPV) shares rose over 8% to ₹366.95 despite a 32% year-on-year decline in Q4 net profit to ₹5,783 crore for FY26. Brokerages have mixed views, with Jefferies maintaining an 'Underperform' rating, while Emkay and JM Financial express optimism about future growth.
- 01Tata Motors PV reported a 32% YoY decline in Q4 net profit to ₹5,783 crore.
- 02Revenue from operations increased by 7% to ₹1.05 lakh crore in the same quarter.
- 03Brokerages have differing outlooks: Jefferies is cautious, while Emkay is optimistic.
- 04A final dividend of ₹3 per share has been recommended, pending shareholder approval.
- 05Tata Motors PV shares jumped over 8% to ₹366.95 on the NSE.
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Tata Motors Passenger Vehicles (TMPV) shares experienced a significant rise of over 8% to ₹366.95 on the National Stock Exchange (NSE) following the release of its fourth-quarter financial results for FY26. Despite reporting a 32% year-on-year decline in consolidated net profit, which fell to ₹5,783 crore from ₹8,470 crore, the company's revenue from operations saw an increase of 7%, reaching ₹1.05 lakh crore. The board of directors also proposed a final dividend of ₹3 per equity share, subject to shareholder approval at the upcoming Annual General Meeting (AGM). Brokerages have varied opinions on the stock; Jefferies has maintained an 'Underperform' rating with a target price of ₹300, citing ongoing challenges at Jaguar Land Rover (JLR) despite improved margins. Conversely, Emkay retained an 'Add' rating with a target price of ₹440, highlighting robust performance in the domestic market. JM Financial upgraded its rating to 'Buy' with a target price of ₹415, driven by a positive outlook for JLR and healthy domestic demand.
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The fluctuation in Tata Motors PV's stock price can affect investor sentiment and may influence the company's ability to raise funds for future projects.
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