Mumbai, Aug. 9 -- Revenue from operations fell 2.5% YoY to Rs 1,03,792 crore in Q1 FY26, with performance impacted by volume decline in all businesses and a drop in profitability primarily at JLR.

Profit before tax (PBT) tumbled 59.6% to Rs 5,561 crore in Q1 June 2025 compared with Rs 13,765 crore in Q1 June 2024.

EBITDA stood at Rs 9,657 crore in Q1 FY26, registering de-growth of 35.75% compared with Rs 15,031 crore recorded in same quarter last year. EBITDA margin stood at 9.2% in Q1 FY26 as against 14% in Q1 FY25.

With the demand situation likely to remain challenging, the company said that it will continue to focus on strengthening the business fundamentals and mitigate the impact of tariffs by leveraging the brand strength to driv...