Tata Motors Passenger Vehicles fell 3% to Rs 287.40 on 13 November, before it posted a Q2 net loss of Rs 5,531 crore after market hours.

The drop was not a reaction to the results. The board outcome reached NSE at 4:12 pm, well after the 3:30 pm close.

For July to September, the company lost Rs 5,531 crore, against a profit of Rs 76,170 crore in the same quarter last year.

Sales still grew 34% to Rs 96,920 crore, up from Rs 72,349 crore. Most of the loss came from one-time costs of Rs 6,738 crore.

Around Rs 3,800 crore went on employee separation payments and about Rs 2,900 crore on cutting the value of some assets.

These costs are linked mainly to a restructuring at Jaguar Land Rover (JLR), its British luxury car arm. Before those costs, the picture was better.

Operating profit came in at Rs 4,866 crore, compared with a loss of Rs 1,404 crore a year ago, when JLR was still recovering from a cyberattack.

JLR’s own revenue rose 20.3% to £5.9 billion. It also revised its outlook for the full year.

It now expects an adjusted operating margin of 2% to 3% and a cash outflow of about £1.25 billion, citing market challenges, geopolitical risks and the one-time costs.

The India car business did well. Tata Passenger Vehicles posted record quarterly revenue of Rs 20,400 crore, up 51%. Vehicle sales grew 40%, and electric vehicle sales grew 90%.

The company said October 2026 was its best month ever, with 75,400 vehicles. JLR also unveiled three electric luxury models, with deliveries due to start in early 2027.

On NSE, the stock closed at Rs 287.40, down Rs 9.85 from Rs 297.25 the day before.

It traded between Rs 287.25 and Rs 297.30 during the session. The shares are down 21.81% so far this year, and their 52-week range is Rs 259.10 to Rs 411.40.

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