Summary of Key Information:
Reporting Period (Quarter/Year): Quarter and Half Year ended September 30, 2026 (Q2 FY27)
Nature of Filing / Announcement: Outcome of Board Meeting under SEBI LODR Regulations 30 and 33
Date of Board Meeting / Approval: October 28, 2026 (12:30 PM to 02:25 PM IST)
Audit Opinion: Clean review opinion - No material misstatements noted
Auditor's Comment: No qualifications or modifications affecting earnings quality, internal controls, or going concern
Key Financial Highlights [₹ in Millions]
Standalone Results:
Revenue from Operations (Q2 FY27): ₹201,910.16 (18.3% increase from ₹170,610.26 in Q2 FY26)
Total Income (Q2 FY27): ₹204,386.34
Net Profit (Q2 FY27): ₹11,885.64 (24.3% decrease from ₹15,702.48 in Q2 FY26)
EPS (Q2 FY27): ₹14.63 (decreased from ₹19.32 in Q2 FY26)
Other Equity (as at September 30, 2026): ₹189,041.47 (increased from ₹185,576.05 as at March 31, 2026)
Cash and Cash Equivalents (as at September 30, 2026): ₹38,815.70 (decreased from ₹83,717.32 as at March 31, 2026)
Total Debt (as at September 30, 2026): ₹5,364.98 (₹4,261.95 non-current + ₹1,103.03 current)
H1 FY27 Standalone Performance:
- Revenue from Operations: ₹360,564.03 (9.0% increase from ₹330,859.20 in H1 FY26)
- Net Profit: ₹20,716.84 (28.7% decrease from ₹29,060.01 in H1 FY26)
- EPS: ₹25.50 (decreased from ₹35.76 in H1 FY26)
Consolidated Results:
Revenue from Operations (Q2 FY27): ₹206,960.56 (18.5% increase from ₹174,608.22 in Q2 FY26)
Total Income (Q2 FY27): ₹209,200.15
Net Profit (Q2 FY27): ₹11,961.60 (23.9% decrease from ₹15,722.55 in Q2 FY26)
EPS (Q2 FY27): ₹14.72 (decreased from ₹19.35 in Q2 FY26)
Other Equity (as at September 30, 2026): ₹195,621.20 (increased from ₹192,024.77 as at March 31, 2026)
Cash and Cash Equivalents (as at September 30, 2026): ₹41,322.08 (decreased from ₹87,116.73 as at March 31, 2026)
H1 FY27 Consolidated Performance:
- Revenue from Operations: ₹370,306.89 (9.3% increase from ₹338,736.97 in H1 FY26)
- Net Profit: ₹20,847.85 (29.1% decrease from ₹29,414.89 in H1 FY26)
- EPS: ₹25.66 (decreased from ₹36.20 in H1 FY26)
Segment-wise Performance:
The Company and Group operate in a single segment: "manufacture and sale of motor vehicles, engine, transmission and other parts, related after-sales activities, related engineering and broking services"
Consolidated Segment Revenue (Q2 FY27): ₹206,960.56
Consolidated Segment Profit before tax (Q2 FY27): ₹16,178.34
Consolidated Segment Assets (as at September 30, 2026): ₹358,110.08
Consolidated Segment Liabilities (as at September 30, 2026): ₹154,363.47
Corporate Actions:
Dividend: Paid ₹17,063.36 million (including withholding tax) during H1 FY27
Other Significant Information:
Capital Expenditure: Significant increase in capital work-in-progress from ₹7,096.82 million to ₹26,473.34 million (standalone) and from ₹7,253.04 million to ₹26,760.47 million (consolidated)
Cash Flow Movement: Net decrease in cash and cash equivalents due to investing activities (capex and deposits) outweighing operating cash flows
Entities: The consolidated results include the parent company and its two subsidiaries