Brands
Tata Motors stalls as tariffs and slow sales dent Q1 performance
MUMBAI: From roaring engines to grinding gears Tata Motors hit a speed bump in Q1 FY26, with global headwinds and fresh US tariffs putting the brakes on growth. The automaker’s consolidated revenue slid 2.5 per cent year-on-year to Rs 1.04 lakh crore, while EBITDA screeched down 35.8 per cemnt to Rs 9,700 crore. Pre-tax profit before exceptional items halved to Rs 5,617 crore, as free cash flow reversed into a deep Rs 12,300 crore deficit.
The group’s luxury arm Jaguar Land Rover (JLR) bore the brunt, posting its 11th straight profitable quarter but feeling the crunch of trade duties and a planned Jaguar wind-down. Revenue skidded 9.2 per cent to 6.6 billion euros, EBITDA margin shrank 650 basis points to 9.3 per cent, and EBIT margin dropped to 4.0 per cent. Profit before tax tumbled 49.4 per cent to 351 million euros, hit by tariffs of up to 27.5 per cent on UK and EU exports to the US though a late-quarter UK-US deal promises relief, slashing rates to 10 per cent from June and a subsequent EU-US pact trimming them to 15 per cent.
Back home, the commercial vehicles division held steadier, with revenue down 4.7 per cent to Rs 17,009 crore but EBITDA margins inching up 60 basis points to 12.2 per cent. Passenger vehicles struggled, with an 8.2 per cent revenue dip to Rs 10,877 crore and EBIT margins reversing to -2.8 per cent.
On a standalone basis, Tata Motors posted revenue of Rs 15,682 crore, down from Rs 16,862 crore last year, but revved up profit after tax to Rs 5,350 crore, powered partly by Rs 4,913 crore in dividends from subsidiaries. Net profit margin stood at 34.1 per cent, while operating margin clocked in at 12.28 per cent.
Despite the slowdown, the group ended the quarter with consolidated liquidity of 5 billion euros, including 1.7 billion euros in undrawn credit lines. But with inventories shifting, costs climbing, and global trade still unpredictable, the road ahead could test Tata’s grip on the wheel.
Brands
FSS names Anand Krishnamurthi head of global digital delivery
Tech veteran to drive AI-first, cloud-led transformation in payments globally
CHENNAI: Financial Software and Systems (FSS), an AI-first payment infrastructure company, has appointed Anand Krishnamurthi as head of global digital delivery.
In his new role, Anand Krishnamurthi will lead FSS’s global digital delivery capabilities, focusing on AI-first and cloud-led transformation while ensuring predictable, high-quality outcomes for customers worldwide. He will be based in Chennai and report to V. Balasubramanian, CEO of FSS.
Bringing 28 years of experience in technology and digital transformation across banking, capital markets, financial services, and insurance, Anand has held senior leadership positions at Cognizant and NuSummit. He is recognised for scaling multi-geography delivery teams, leading mission-critical platforms, and embedding AI-driven automation in complex, regulated environments.
“What drew me to FSS is its deep payments expertise, strong product DNA, and the scale at which its platforms power real-world financial ecosystems,” said Anand Krishnamurthi. “I aim to strengthen delivery predictability, execution rigor, and engineering quality, building empowered teams that deliver measurable customer outcomes. FSS has a unique opportunity to create real-time, AI-infused payments infrastructure that is resilient, secure, and globally scalable.”
V. Balasubramanian added, “Anand’s track record in leading multi-geography delivery programs and AI-first operating models makes him the ideal leader for FSS as we accelerate our AI-driven digital payments business. His leadership will help us raise the bar for outcomes globally.”
This appointment is part of FSS’s broader push to build an AI-powered, cloud-native delivery organisation capable of meeting the evolving needs of banks, fintechs, and financial institutions worldwide.
