Mumbai/IBNS, Aug. 14 -- Shares of Tata Motors Passenger Vehicles (TMPV) crashed over 5% on Friday following a sharp decline in the company's profit in the first quarter of FY2027, media reports said.

Brokerages remained cautious about the company's near-term margins as the stock continued to trade under pressure during the session.

Tata Motors Passenger Vehicles reported a mixed Q1 FY27 performance, with revenue rising but consolidated net profit plunging sharply, largely due to weakness at Jaguar Land Rover (JLR), supply-chain disruptions and higher costs.

The company's consolidated net profit fell to Rs 775 crore in Q1 FY27 from Rs 3,924 crore in the year-ago quarter, marking a decline of more than 80%.

The domestic passenger-vehicl...