New Delhi, Nov. 14 -- Tata Motors Passenger Vehicles (TMPV), which now houses the company's passenger vehicle, electric vehicle (EV), and Jaguar Land Rover (JLR) businesses following the recent demerger, announced its September quarter performance (Q2FY26) today, reporting a 22-fold surge in net profit due to a one-time gain of Rs.82,616 crore related to the demerger of the commercial vehicles unit.

However, excluding this gain, the company reported a loss of Rs.6,368 crore, as overall performance was dragged down by a steep fall in JLR volumes.

The consolidated revenue from operations for the reporting quarter stood at Rs.71,714 crore, down 13.4% from Rs.82,841 crore in the year-ago period. Sequentially too, revenue declined 18% from R...