Tata Motors (Commercial Vehicle) reported a standalone net profit of Rs 2,406 crore in the March-ended quarter versus Rs 1,419 crore in the year ago period, a 70% YoY jump. The company posted a revenue growth of 22% at Rs 24,452 crore in Q4FY26 versus Rs 19,999 crore posted in the corresponding quarter of the previous financial year.The company's profit shot up 329% sequentially compared to Rs 561 crore in Q3FY26 while the topline increased by 20% quarter-on-quarter versus Rs 20,404 crore in the October-December quarter of FY26. The revenue in the quarter under review comprised other operating income of Rs 171 crore.The company's board also recommended a final dividend of Rs 4 per equity share for the financial year ended March 31, 2026. The dividend, if declared at the AGM, will be paid to the eligible shareholders on or before July 2, 2026, the filing to the exchanges said.The Earnings Before Interest, Taxes, Depreciation and amortization (EBITDA) stood at Rs 3,400 crore, rising 35% while the profit before tax (PBT) (bei) stood at Rs 3,000 crore.The FY26 revenue was reported at Rs 77,400 crore, 11% YoY while full year EBITDA stood at Rs 10,200 crore, rising 22%.The free cash flow at the end of March 31, 2026 stood at Rs 9,200 crore.Consolidated financialsConsolidated revenues for Q4FY26 stood at Rs 26,100 crore, up 19% while EBITDA margin stood at 13.1%, rising by 150 bps. The EBIT margin came in at 11.5%, up 230 bps. PBT (bei) for the quarter was Rs 2,400 crore, recording a 29% growth.Profit after tax stood at Rs 1,800 crore, registering a 35% growth. As at March 31, 2026, the company was Net Cash positive at Rs 13,700 crore. This included TMF Holdings gross debt less market value of TMF Holdings investments in Tata Capital Ltd.Management commentaryMD & CEO Girish Wagh said FY26 marked a clear inflection point for the commercial vehicles industry, with volumes surpassing the pre-FY19 peak, supported by GST 2.0 reforms and sustained infrastructure spending. For Tata Motors Commercial Vehicles, FY26 was a landmark year as we delivered milestones of revenues and profits and reinforced industry leadership and strengthened our market position, he said. "Looking ahead, the underlying demand fundamentals remain resilient despite geopolitical uncertainties signaling some moderation in the near term. With strong business fundamentals, proactive risk mitigation, disciplined execution and a refreshed portfolio offering industry-leading TCO and smart digital solutions, we remain agile and well positioned to sustain momentum through customer-centric solutions to create long-term stakeholder value,” Wagh said.