Tata Motors Passenger Vehicles Ltd. has announced that it will hold its 81st Annual General Meeting on June 29, 2026, at 10:30 a.m. IST via video conferencing, according to an exchange filing. The company has fixed June 12, 2026, as the record date for determining shareholders eligible to receive the final dividend for FY26. The automaker has recommended a final dividend of ₹4.00 per equity share of face value ₹2 each for the financial year ended March 31, 2026, which translates to 200% payout. Subject to shareholder approval at the AGM, the dividend payment is expected to be completed on or before July 2, 2026, subject to tax deductions as applicable.
According to reports from NDTV Profit, Tata Motors PV posted a consolidated net profit of ₹5,783 crore for the quarter ended March, down 31.7% from ₹8,470 crore reported in the corresponding quarter last year. Despite the drop in earnings, revenue from operations rose over 7% year-on-year to ₹1.04 lakh crore, compared with ₹97,863 crore in the corresponding quarter, supported by steady domestic business performance. However, operational performance remained under pressure with Ebitda declining 21.7% year-on-year to ₹11,212 crore from ₹14,498 crore a year ago, while Ebitda margins contracted sharply to 10.7% from 14.8% in the year-ago period.
As reported by NDTV Profit, the company's British luxury vehicle arm Jaguar Land Rover continued to face global headwinds. Jaguar Land Rover reported Q4 revenue of £6.9 billion, down 11.1% year-on-year from £7.76 billion, while Ebitda margin stood at 14% for the quarter. The company disclosed that tariffs and a cyber incident adversely impacted overseas operations, particularly Jaguar Land Rover, even as the domestic business delivered stable growth. Going forward, the company plans to reduce breakeven volumes toward 300,000 units over the next two years and focus on generating £1.7 billion through enterprise initiatives.
According to NDTV Profit, Jaguar Land Rover is also preparing for major product launches in fiscal year 2027, including the new Range Rover Electric and the new Jaguar lineup. Commenting on the outlook, Dhiman Gupta, Chief Financial Officer of Tata Motors PV, said the company would continue focusing on product interventions and cost-side measures to strengthen resilience, while closely monitoring geopolitical developments and commodity price movements. The company's strategic focus includes reducing breakeven volumes and generating substantial revenue through enterprise initiatives to navigate ongoing market challenges.
