Mumbai, Feb 5 (UNI) Tata Motors Passenger Vehicles (Tata Motors PV) officially announced on Thursday that it has posted a consolidated net loss of Rs 3,486 crore in Q3FY26, due to the impact of a cyber incident at its luxury vehicle unit Jaguar Land Rover (JLR), which severely hampered the company’s global wholesale volumes.
The company had posted a consolidated net profit of Rs 5,485 crore in the same quarter last year.
The impact of the total exceptional cost due to the cyber incident at JLR was to the tune of Rs 800 crore, while Rs 400 crore was due to the new labour code implementation and another Rs 400 crore was due to stamp duty charges. These one-time expenses added pressure on the company’s profitability.
The consolidated revenue from operations for the quarter stood at Rs 70,108 crore for the third quarter ended December 31, 2025 a decline of 25.8 per cent compared to Rs 94,472 crore in the corresponding period last year.
The company’s EBITDA plummeted to Rs 1,518 crore from Rs 12,663 crore in the year-ago period, due to which the EBITDA margin shrank to 2.2% as against 13.4% in Q3FY25.
Jaguar Land Rover (JLR) revenue touched £4.5 billion (in British pound terms), which is a decline of 39.4% year-on-year (YoY). JLR’s performance was impacted by the cyber incident, which disrupted production and distribution, alongside a planned wind-down of legacy Jaguar models and softer market conditions in China, the company said in its exchange filing.
The company said its domestic passenger vehicle business improved on a quarter-on-quarter basis due to higher vehicle sales volumes and better incentive support during the quarter.
While global operations faced pressure due to the cyber incident, the domestic market showed signs of recovery. The company will likely focus on stabilising global operations and strengthening domestic demand going forward.
“Overall, it was a challenging quarter as anticipated on account of the carryover impact of the cyber incident at JLR. We expect performance to significantly improve in Q4 with recovery at JLR and continuing growth in domestic market share,” Tata Motors PV Chief Financial Officer Dhiman Gupta said.
“In Q3FY26, we recorded our highest-ever quarterly wholesales at 171k units driven by strong demand tailwinds from GST 2.0 and a robust festive season,” Managing Director & CEO Tata Motors PV Shailesh Chandra said.
