Passenger Cars & Utility Vehicles: Q1 FY27 results (April-June 2026)

4 companies have declared Passenger Cars & Utility Vehicles Q1 FY27 results so far, the latest on 13 Aug 2026.

Across the 3 non-financial companies with a year-ago quarter to compare, sales grew +13.9% and net profit -20.6% year on year, and the combined operating margin narrowed 164 bps to 10.7%.

33% of companies grew net profit; 0% beat their own profit trend and 50% fell short of it.

Updated 12 Oct 2026, 12:20 IST 4 declared 111 due in the next 3 days →

Passenger Cars & Utility Vehicles Q1 FY27 scoreboard

Sales growth
+13.9%
YoY, 3 companies combined; median +9.3%
Net profit growth
-20.6%
YoY combined; median -35.1%
Operating margin
10.7%
-164 bps YoY
Grew profit
33%
0 turnarounds, 0 into loss
Vs own profit trend
0% / 50%
above / below, 50% in line
Price since results
-6.9%
median; 25% of 4 stocks up
Other-income heavy
1
25%+ of pre-tax profit from other income & one-offs

Latest Passenger Cars & Utility Vehicles Q1 FY27 results 4

Mercury Ev-Tech Limited

MERCURYEV · Passenger Cars & Utility Vehicles · Q1 FY27 · Consolidated · Filed
M Cap
₹702 Cr
P/E
—
PEG
—
Since results
+7.4%
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales —— 33.4——
Operating profit —— 3.3——
OPM % —— 9.8%——
Other income —— 0.4——
Net profit —— 1.6——
PAT margin % —— 4.7%——
EPS (₹) —— 0.09——

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹1.9 Cr: core business ₹1.6 Cr, other income ₹0.4 Cr.

Core profit YoY: —

AI read of the filing Mercury Ev-Tech Q1 Net Profit Jumps 303% to ₹1.44 Cr; ₹85.07 Cr Added to Capital Reserve Positive
  • Standalone revenue from operations grew 321% YoY to ₹2,066.83 Lakhs from ₹490.84 Lakhs.
  • Net profit increased to ₹144.11 Lakhs in Q1 FY27 compared to ₹35.73 Lakhs in Q1 FY26.
  • Forfeiture of 4,53,00,000 convertible warrants added ₹85.07 Crore to the Capital Reserve.
Full analysis →

Tata Motors Passenger Vehicles Limited

TMPV · Passenger Cars & Utility Vehicles · Q1 FY27 · Consolidated · Filed
M Cap
₹1,03,084 Cr
P/E
1.3
PEG
—
Since results
-20.2%
  • Operating margin contracted 286 bps YoY
  • 71% of pre-tax profit came from other income and one-off items
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +9.3%-9.1% 95,7991,05,44787,677
Operating profit -24.3%-45.1% 6,17611,2598,162
OPM % -286 bps-423 bps 6.4%10.7%9.3%
Other income +54.9%-39.9% 1,1291,877729
Net profit -78.5%-85.4% 8595,8784,003
PAT margin % -367 bps-468 bps 0.9%5.6%4.6%
EPS (₹) -80.3%-86.6% 2.1015.7010.66

Quality of profit

Core 29%Other income & one-offs 71%

Pre-tax profit ₹1,574 Cr: core business ₹461 Cr, other income ₹1,129 Cr, exceptional & other items −₹16.0 Cr.

Core profit YoY: -80.6% · reported profit -78.5%

AI read of the filing ₹95.8K Cr Revenue in Q1 FY27; Tata PV Grows 65% Amid JLR Supply Headwinds Neutral
  • Consolidated revenue grew 9.3% YoY to ₹95,799 Cr, driven by domestic outperformance.
  • Domestic PV revenue surged 64.8% to ₹17,930 Cr, with EV penetration reaching 19%.
  • JLR wholesale volumes declined 9.2% YoY due to a supplier fire and planned Jaguar model wind-downs.
Full analysis →

Hyundai Motor India Limited

HYUNDAI · Passenger Cars & Utility Vehicles · Q1 FY27 · Consolidated · Filed
M Cap
₹1,57,633 Cr
P/E
31.8
PEG
6.37
Since results
-1.8%
  • Profit -35% below its own trend
  • Operating margin contracted 406 bps YoY
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales -0.5%-13.6% 16,33518,91616,413
Operating profit -30.8%-23.1% 1,5121,9662,185
OPM % -406 bps-114 bps 9.3%10.4%13.3%
Other income +27.7%+5.9% 274259215
Net profit -35.1%-29.2% 8891,2561,369
PAT margin % -290 bps-120 bps 5.4%6.6%8.3%
EPS (₹) -35.1%-29.2% 10.9415.4516.85

Quality of profit

Core 77%Other income & one-offs 23%

Pre-tax profit ₹1,202 Cr: core business ₹927 Cr, other income ₹274 Cr.

Core profit YoY: -43.2% · reported profit -35.1%

Cash & debt

FY26 cash from operations ₹7,321 Cr: 135% of FY26 net profit of ₹5,432 Cr.

Borrowings ₹1,098 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹16,954₹16,335 -3.7% in line
Net profit₹1,357₹889 -34.5% below
AI read of the filing ₹858.7 Cr Net Profit in Q1; Revenue Down 13.6% QoQ; ₹21 Dividend Record Date Set Negative
  • Consolidated revenue for Q1 FY27 stood at ₹16,334.63 Cr, a 0.5% decline YoY and 13.6% decline QoQ.
  • Net profit for the quarter dropped to ₹858.71 Cr, a significant 37% decrease compared to ₹1,362.34 Cr in Q1 FY26.
  • Final dividend of ₹21 per equity share confirmed with the record date set for August 5, 2026.
Full analysis →

Mahindra & Mahindra Limited

M&M · Passenger Cars & Utility Vehicles · Q1 FY27 · Consolidated · Filed
M Cap
₹3,35,757 Cr
P/E
16.6
PEG
0.69
Since results
-11.9%
₹ CrYoYQoQ Jun 2026Mar 2026Jun 2025
Sales +28.1%+5.8% 58,18854,98245,436
Operating profit +29.9%+4.3% 10,56510,1278,134
OPM % +25 bps-26 bps 18.2%18.4%17.9%
Other income -31.7%-10.6% 1,0161,1371,488
Net profit +37.0%+14.0% 5,9985,2604,377
PAT margin % +67 bps+74 bps 10.3%9.6%9.6%
EPS (₹) +33.4%+30.0% 48.8037.5336.58

Quality of profit

Core 82%Other income & one-offs 18%

Pre-tax profit ₹7,628 Cr: core business ₹6,245 Cr, other income ₹1,016 Cr, exceptional & other items ₹367 Cr.

Core profit YoY: +50.3% · reported profit +37.0%

Cash & debt

FY26 cash from operations ₹11,657 Cr: 63% of FY26 net profit of ₹18,622 Cr.

Borrowings ₹1,33,963 Cr at Mar 2026.

Against its own trend ?

TrendActualGap
Sales₹56,336₹58,188 +3.3% in line
Net profit₹5,733₹5,998 +4.6% in line
AI read of the filing 37% PAT Growth in Q1 FY27; M&M Reports Rs 58,188 Cr Revenue and Subsidiary Merger Positive
  • Consolidated Revenue from operations increased 27.8% YoY to Rs 58,187.57 Cr.
  • Consolidated Profit After Tax (PAT) grew 37% YoY to Rs 5,997.56 Cr.
  • Automotive segment revenue rose 32.3% YoY to Rs 34,387.25 Cr, contributing 57.5% of total segment revenue.
Full analysis →

Reporting in the next three days

HCL Technologies (Mon 12 Oct), ICICI Prudential (Mon 12 Oct), RBL Bank (Mon 12 Oct), Swan Defence (Mon 12 Oct), Gujarat State (Mon 12 Oct), Swaraj Engines (Mon 12 Oct), Plastiblends India (Mon 12 Oct), UMIYA BUILDCON (Mon 12 Oct), Alkali Metals (Mon 12 Oct), Gradiente Infotainment (Mon 12 Oct), Agri-Tech (India) (Mon 12 Oct), Abhishek Integrations (Mon 12 Oct), Rudra Ecovation (Mon 12 Oct), Newtrac Foods (Mon 12 Oct), Inani Securities (Mon 12 Oct), Neil Industries (Mon 12 Oct), Adroit Industries (Mon 12 Oct), TYPHOON (Mon 12 Oct), UNIVARTS (Mon 12 Oct), VERONICAPRO (Mon 12 Oct), ICICI Prudential (Tue 13 Oct), Tata Elxsi (Tue 13 Oct), Transformers And Rectifiers (Tue 13 Oct), Anand Rathi (Tue 13 Oct) and 87 more. Full results calendar →

How to read this page

The numbers. Each card is one company's Q1 FY27 results as filed with NSE or BSE, read from the filing within hours of its release, in ₹ crore. We show the consolidated statement, or the standalone one when the consolidated figures are a copy of it or have no year-ago quarter to compare with. YoY compares with the same quarter a year earlier and QoQ with the quarter before (the previous half-year for companies that report every six months). A swing between profit and loss is described in words: a percentage across it would mislead.

Margins. Operating margin (OPM) is operating profit, before depreciation, interest and other income, as a share of sales; PAT margin is net profit as a share of sales. Their changes are in basis points (100 bps = 1 percentage point).

Quality of profit. Core profit is operating profit minus interest and depreciation: what the business itself earned before tax. The rest of pre-tax profit is other income (interest on cash, dividends, gains on investments) and exceptional or one-off items. We flag a quarter when that share is 25% or more, and when reported profit grew much faster than core profit. For banks we compare pre-provision profit with net profit, since a fall in provisions can lift profit without the business growing.

Against its own trend. We do not have analyst consensus estimates, and we do not make them up. Instead each company is measured against the path it was on: the same quarter last year, grown at the median of its last four year-on-year growth rates (held between −50% and +100%; at least two growth rates needed). Sales 5% or more above that, or net profit 10% or more above, is "above trend"; as far below is "below trend". It answers "was this quarter better or worse than the company's own recent run?", which consensus does not.

Cash and debt. Profit is an accounting figure; cash is harder to dress up. For each company we show its operating cash flow for the last financial year as a share of that year's net profit (flagged under 50%, or when it is negative despite a profit), and its borrowings at the latest balance sheet against the one six months earlier (flagged at a 25% move). Balance sheets come with the September and March results, cash-flow statements with the March results.

Price since results. The latest close against the last close before the filing (a filing after 3:30 pm counts from the next session). It is a fact about the market's reaction, not advice.

Market cap groups. Large cap is the 100 largest companies by market value and mid cap the next 150 (SEBI's ranking); below that, small cap is ₹5,000 Cr or more, micro cap ₹500 Cr or more, nano cap below.

⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI