Tata Motors PV Q4 FY26: ₹3 Dividend, Profit Drops

Board meeting update and what was announced

Tata Motors Passenger Vehicles (TMPVL) informed exchanges about its board meeting to consider and approve the audited financial results for the period ended March 31, 2026, and to recommend a dividend, if any. Following the results-related board process, the company recommended a final dividend of ₹3.00 per equity share for the financial year ended March 31, 2026. The dividend is on equity shares of face value ₹2 each, stated as 150%. The recommendation is subject to shareholder approval.

Dividend details, AGM date, and payment timeline

TMPVL’s board recommended a final dividend of ₹3 per equity share for FY26. The company indicated that the dividend, if declared at the AGM, will be paid to eligible shareholders on or before July 14, 2026. The 81st Annual General Meeting (AGM) has been scheduled for July 8, 2026. This sets a clear timeline for shareholders tracking entitlement and payment.

Q4 FY26 consolidated performance: profit down, revenue up

For the March quarter (Q4 FY26), reports in the provided material cite a year-on-year decline in consolidated net profit to ₹5,783 crore (31.7% fall) from ₹8,470 crore in Q4 FY25. Another figure in the same set of inputs puts Q4 FY26 consolidated net profit at ₹5,878 crore (around 31% decline), compared with ₹8,556 crore in Q4 FY25. On the top line, revenue from operations for the quarter rose 7% year-on-year to about ₹1.05 trillion (about ₹105,000 crore), and consolidated revenue is also described as ₹105.4K crore (₹105,400 crore), up 7.2%.

Profit before tax and operating profitability in Q4

Profit before tax (PBT) for Q4 FY26 is stated at ₹7,277 crore compared with ₹11,203 crore in Q4 FY25, a 35% year-on-year decline. Another disclosure in the input set notes consolidated profit before tax before exceptional items at ₹7,167 crore for Q4 FY26. EBITDA for Q4 FY26 is reported at ₹12,532 crore versus ₹14,148 crore in Q4 FY25, down 11.4%. EBITDA margin for the quarter is cited at 11.9% versus 14.4% a year ago, while another line in the inputs mentions an EBITDA margin of 13.1%.

Tata PV business and standalone numbers: sharp PAT drop, strong revenue growth

In the provided material, Tata Motors Passenger Vehicles is also described as reporting a 71.43% decline in Q4 FY26 standalone net profit to ₹455 crore, down from ₹1,593 crore a year ago. Standalone revenue for Q4 FY26 is reported at ₹18,598 crore, rising 43% year-on-year. Separately, the Tata PV business revenue for the quarter is stated at ₹18,742 crore, up 49.4% year-on-year. The Tata PV business EBIT margin improved to 4.7% from 1.6% a year ago, and PBT before exceptional items increased by ₹710 crore year-on-year to ₹1,102 crore.

Full-year FY26 picture: revenue and profit lines diverge

For the full financial year ended March 2026, consolidated revenue is stated at ₹335,582 crore (also referenced as ₹335.6K crore). Consolidated profit before tax before exceptional items for FY26 is given as ₹2,519 crore. The input set also states FY26 consolidated net profit at ₹82,390 crore, compared with ₹27,830 crore in FY25. For the Tata PV business, full-year revenue rose 20.7% to ₹58,465 crore.

Free cash flow and business drivers mentioned

The inputs attribute quarter performance improvements to normalized production at Jaguar Land Rover (JLR) and record domestic sales volumes. Q4 free cash flow is stated at ₹11.4K crore (₹11,400 crore). Alongside operational factors, the company highlighted structural cost reductions as a focus area during FY26 amid global headwinds. These details provide context to revenue growth even as profitability metrics moved lower year-on-year in the March quarter.

Corporate and governance updates referenced

The material also mentions that, pursuant to Regulation 30 of the SEBI (LODR) Regulations, 2015, the company enclosed the transcript of the earnings call held on May 14, 2026, discussing results for Q4 and FY ended March 31, 2026. In a separate operational note contained in the input set, Tata Motors is said to have cut JLR’s operating board from 13 members to three. It also references CEO P.B. Balaji receiving a 1.7-billion mandate to restore the British luxury carmaker as a more predictable engine of profit and cash flow.

Key numbers at a glance

The figures below reflect the values as stated across the provided material, including places where multiple numbers are cited for the same line item.

Why this update matters for shareholders and the market

For shareholders, the board-recommended final dividend of ₹3 per share and a defined timetable (AGM on July 8, 2026, payment by July 14, 2026) are the most immediate action points. For investors tracking operating performance, the March-quarter release shows revenue growth alongside a year-on-year drop in consolidated profit and EBITDA. The PV business numbers in the inputs show strong revenue growth and margin improvement at the segment level, while the standalone profit figure highlights pressure on the bottom line.

Conclusion

TMPVL’s Q4 FY26 update combines a shareholder-facing dividend recommendation of ₹3 per equity share with a quarter that showed higher revenue but lower profit year-on-year. The next milestone is shareholder approval at the 81st AGM on July 8, 2026, after which the company has indicated payment on or before July 14, 2026.