Tata Motors PV Q1 net profit plunges 80% to Rs 775 crore; revenue rises 9% despite JLR weakness- Moneycontrol.com

•Tata Motors PV's Q1 FY27 net profit plunged 80% to Rs 775 crore due to lower JLR volumes and weaker profitability.

•Revenue rose 9.2% to Rs 95,799 crore despite JLR's 9.2% year-on-year decline in wholesales.

•JLR's EBITDA margin fell 120 basis points to 8.1%, and EBIT margin dropped to 2.8% due to elevated variable marketing expenses.

•Tata Motors PV's consolidated EBITDA margin contracted 130 basis points to 7.4% in Q1 FY27.