Tata Motors Ltd. (TML) has reported its highest-ever consolidated profits in FY25, marking a significant milestone as the automotive giant turns net debt-free for the first time, with a net cash balance of ₹1,000 crore. Despite global uncertainties and softening domestic demand in certain segments, the company posted robust figures across its businesses, reaffirming its operational resilience and strategic clarity.
In the January–March quarter (Q4 FY25), consolidated revenue stood at ₹1.19 lakh crore, reflecting a modest 0.4% rise, while EBITDA dropped by 4.1% to ₹16,700 crore. However, profit before tax (PBT before exceptional items) surged to ₹12,068 crore — a sharp increase of ₹2,526 crore compared to last year. The net profit for the quarter stood at ₹8,600 crore.
For the full fiscal year, Tata Motors clocked a record revenue of ₹4.4 lakh crore, up 1.3% YoY. EBITDA was ₹57,600 crore, and PBT (before exceptional items) was ₹34,330 crore, up by ₹4,963 crore. Net profit surged to ₹28,100 crore, making FY25 the company’s most profitable year ever.
To reward shareholders, the Board recommended a final dividend of ₹6 per share, subject to approval.
JLR Maintains Profit Streak, Reports Best Performance in a Decade
Jaguar Land Rover (JLR), Tata Motors’ luxury arm, recorded its tenth consecutive profitable quarter, ending FY25 with £2.49 billion in PBT — its best full-year PBT in a decade. Q4 revenue stood at £7.7 billion, down 1.7% YoY, but EBIT improved to 10.7% (up 150 bps).
The automaker also achieved its net cash positive target, reporting a £278 million net cash position with a total liquidity of £6.3 billion.
JLR’s electric push gained momentum, with PHEV sales rising 21.7% YoY and a 61,000+ waiting list for the upcoming Range Rover Electric. It also showcased the Jaguar Type 00 and expanded global interest, receiving over 32,000 expressions of interest.
Commercial Vehicles (CV): Record Profit, Hydrogen Trials Begin
The Tata CV segment closed FY25 with a revenue of ₹75,053 crore, down 4.7% YoY, but posted its highest-ever PBT of ₹6,649 crore. Q4 performance was steady, with revenue at ₹21,485 crore and EBITDA margin improving to 12.2%.
Tata Motors rolled out 44 new CV products and 139 variants and conducted India’s first hydrogen-powered truck trials. At the Bharat Mobility Expo, it unveiled innovations like the Prima H.28 hydrogen truck, G.55S LNG mover, and Azura T.19 biodiesel truck.
Passenger Vehicles (PV): EV Leadership Sustained, But ICE Drag Pulls Down Growth
Tata PV business reported revenue of ₹48,445 crore in FY25, a decline of 7.5% YoY. Despite volume pressures, the EV portfolio remained strong, with a 55.4% market share and 11% segment penetration. In Q4, revenue dropped 13.1% to ₹12,543 crore, but EBITDA margin improved to 7.9%.
Tata Motors introduced models like the Curvv, Curvv.ev, and Harrier.ev, and unveiled the all-new Tata Sierra and Avinya X concept. The Punch emerged as the best-selling SUV in FY25.
Tata Motors remains cautiously optimistic amid global geopolitical uncertainties and tariff headwinds. The company reaffirmed its focus on cost control, future-ready innovation, and growth in EV, CNG, and premium segments. The recent shareholder-approved demerger of businesses is also expected to unlock greater value.
PB Balaji, Group CFO, said, “Despite external headwinds, Tata Motors sustained its strong performance. The automotive business turning net debt-free is both pleasing and significant, reflecting healthy fundamentals.” Adrian Mardell, CEO, JLR, added, “With strong earnings and global enthusiasm for our luxury portfolio, JLR is well-positioned to navigate the evolving global trade environment.”
