{"id":17535,"date":"2025-11-17T11:01:16","date_gmt":"2025-11-17T05:31:16","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=17535"},"modified":"2025-11-17T11:01:16","modified_gmt":"2025-11-17T05:31:16","slug":"tata-motors-pv-shares-crash-6-after-weak-q2-jlr-guidance-cut","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/tata-motors-pv-shares-crash-6-after-weak-q2-jlr-guidance-cut\/","title":{"rendered":"Tata Motors PV Shares Crash 6% After Weak Q2, JLR Guidance Cut"},"content":{"rendered":"<p data-start=\"572\" data-end=\"963\">Tata Motors Passenger Vehicles (TMPV) began the week on a weak note, with the stock falling as much as 6% on Monday after the company reported a disappointing Q2 FY26 performance. The decline was primarily driven by Jaguar Land Rover\u2019s sharp deterioration in profitability, a steep cut in its full-year margin guidance, and the operational setback caused by the recent cyberattack.<\/p>\n<p data-start=\"965\" data-end=\"1404\">At market open, Tata Motors PV shares were trading at \u20b9369, down 5.7% from Friday\u2019s close of \u20b9391.2. Analysts said the correction reflects concerns over the depth of JLR\u2019s disruption, the scale of the EBITDA loss, and a divided view on the company\u2019s near-term recovery path. This was also the first quarterly result of Tata Motors PV as a standalone entity, coming at a time of muted global demand for premium vehicles.<\/p>\n<p data-start=\"965\" data-end=\"1404\"><em><strong>Also Read:<\/strong><a href=\"https:\/\/www.niftytrader.in\/content\/fox-host-h1b-visa-cheap-labour-pipeline-criticism\/\">\u00a0Fox News Host Calls H-1B Visa System a \u2018Cheap Labour Pipeline\u2019; Says 70% Holders Are Indian<\/a><\/em><\/p>\n<h2 data-start=\"1411\" data-end=\"1471\">Q2 Snapshot: JLR Losses Mount, Margin Outlook Slashed<\/h2>\n<p data-start=\"1473\" data-end=\"1703\">The quarter turned sharply weaker due to the steep decline in JLR\u2019s performance.<br data-start=\"1553\" data-end=\"1556\" \/>Jaguar Land Rover cut its full-year EBIT margin guidance to 0\u20132% from 5\u20137%, and warned of a GBP 2.2\u20132.5 billion free cash outflow for FY26.<\/p>\n<p data-start=\"1705\" data-end=\"1718\">JLR reported:<\/p>\n<ul data-start=\"1720\" data-end=\"1915\">\n<li data-start=\"1720\" data-end=\"1781\">\n<p data-start=\"1722\" data-end=\"1781\">GBP 485 million loss before tax and exceptional items<\/p>\n<\/li>\n<li data-start=\"1782\" data-end=\"1839\">\n<p data-start=\"1784\" data-end=\"1839\">24.3% YoY revenue decline to GBP 24.9 billion<\/p>\n<\/li>\n<li data-start=\"1840\" data-end=\"1915\">\n<p data-start=\"1842\" data-end=\"1915\">Negative margins as the cyber incident halted production in September<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"1917\" data-end=\"2016\">The cyberattack had a significant operational impact, worsening an already challenging quarter.<\/p>\n<p data-start=\"2018\" data-end=\"2054\">For the passenger vehicles business:<\/p>\n<ul data-start=\"2056\" data-end=\"2406\">\n<li data-start=\"2056\" data-end=\"2212\">\n<p data-start=\"2058\" data-end=\"2212\">Adjusted for the CV demerger one-time gain, the PV division would have reported a \u20b96,370-crore loss, compared to a \u20b93,056-crore profit last year<\/p>\n<\/li>\n<li data-start=\"2213\" data-end=\"2274\">\n<p data-start=\"2215\" data-end=\"2274\">Standalone TMPV posted an adjusted loss of \u20b9237 crore<\/p>\n<\/li>\n<li data-start=\"2275\" data-end=\"2315\">\n<p data-start=\"2277\" data-end=\"2315\">Revenue rose 6% to \u20b912,751 crore<\/p>\n<\/li>\n<li data-start=\"2316\" data-end=\"2377\">\n<p data-start=\"2318\" data-end=\"2377\">EBITDA fell sharply to \u20b9303 crore from \u20b9717 crore<\/p>\n<\/li>\n<li data-start=\"2378\" data-end=\"2406\">\n<p data-start=\"2380\" data-end=\"2406\">Margins shrank to 2.4%<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"2408\" data-end=\"2530\">The steep drop in EBITDA and margins highlighted the pressure on operating performance across the PV and JLR segments.<\/p>\n<h2 data-start=\"2537\" data-end=\"2596\">Brokerage Views: Sentiment Cautious, Outlook Divided<\/h2>\n<p data-start=\"2598\" data-end=\"2728\">Top brokerages offered mixed reactions, with concerns largely centered around JLR\u2019s performance and the impact of the cyberattack.<\/p>\n<h3 data-start=\"2730\" data-end=\"2777\">Jefferies: Underperform | Target \u20b9300<\/h3>\n<p data-start=\"2778\" data-end=\"2939\">Jefferies believes the cyberattack will continue to affect Q3, with normalisation expected only in Q4. It flagged structural challenges at JLR including:<\/p>\n<ul data-start=\"2941\" data-end=\"3077\">\n<li data-start=\"2941\" data-end=\"2969\">\n<p data-start=\"2943\" data-end=\"2969\">Intensifying competition<\/p>\n<\/li>\n<li data-start=\"2970\" data-end=\"2997\">\n<p data-start=\"2972\" data-end=\"2997\">China\u2019s consumption tax<\/p>\n<\/li>\n<li data-start=\"2998\" data-end=\"3020\">\n<p data-start=\"3000\" data-end=\"3020\">Higher discounting<\/p>\n<\/li>\n<li data-start=\"3021\" data-end=\"3049\">\n<p data-start=\"3023\" data-end=\"3049\">BEV transition pressures<\/p>\n<\/li>\n<li data-start=\"3050\" data-end=\"3077\">\n<p data-start=\"3052\" data-end=\"3077\">An ageing model line-up<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3079\" data-end=\"3156\">It added that India&#8217;s PV resilience is \u201cnot enough to offset JLR weakness.\u201d<\/p>\n<h2 data-start=\"3163\" data-end=\"3209\">Goldman Sachs: Neutral | Target \u20b9365<\/h2>\n<p data-start=\"3210\" data-end=\"3391\">Goldman Sachs stated that Q2 performance suffered due to a larger-than-estimated disruption at JLR, with revenue beating estimates but EBITDA missing sharply (+2% \/ -130% vs.\u00a0forecast).<\/p>\n<p data-start=\"3393\" data-end=\"3496\">JLR now expects 30,000 units of lost production in Q3, higher than the 20,000 units lost in Q2.<\/p>\n<h3 data-start=\"3503\" data-end=\"3543\">CLSA: Outperform | Target \u20b9450<\/h3>\n<p data-start=\"3544\" data-end=\"3698\">CLSA noted the JLR margin setback, with EBIT margin at \u20138.6% vs \u20132% expected, driven by the complete production halt in September. It highlighted:<\/p>\n<ul data-start=\"3700\" data-end=\"3781\">\n<li data-start=\"3700\" data-end=\"3742\">\n<p data-start=\"3702\" data-end=\"3742\">October production at 17,000 units<\/p>\n<\/li>\n<li data-start=\"3743\" data-end=\"3781\">\n<p data-start=\"3745\" data-end=\"3781\">India PV EBITDA margin at 5.8%<\/p>\n<\/li>\n<\/ul>\n<p data-start=\"3783\" data-end=\"3970\">The firm remains constructive on the India PV business, citing benefits from GST cuts for small-to-mid SUVs, though it acknowledged JLR\u2019s significantly lower FY26 margin guidance.<\/p>\n<p><strong>Click here to explore<\/strong>:<a href=\"https:\/\/www.niftytrader.in\/stocks-price\/tmpv\"><br \/>\nTata Motors Passenger Vehicles Ltd<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Motors Passenger Vehicles (TMPV) began the week on a weak note, with the stock falling as much as 6% on Monday after the company reported a disappointing Q2 FY26 performance. The decline was primarily driven by Jaguar Land Rover\u2019s sharp deterioration in profitability, a steep cut in its full-year margin guidance, and the operational [&hellip;]<\/p>\n","protected":false},"author":7,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1384],"class_list":{"0":"post-17535","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1384,"user_id":7,"is_guest":0,"slug":"jitesh-kanwariya","display_name":"Jitesh Kanwariya","avatar_url":{"url":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg","url2x":"https:\/\/trending.niftytrader.in\/wp-content\/uploads\/2025\/08\/Jitesh-Kanwriya.jpeg"},"0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=17535"}],"version-history":[{"count":1,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17535\/revisions"}],"predecessor-version":[{"id":17536,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/17535\/revisions\/17536"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/17155"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=17535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=17535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=17535"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=17535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}