Tata Sons profit rises 21.8%, Air India losses double to Rs 22,238 crore

Air India’s losses more than doubled to Rs 22,238 crore in FY26 from Rs 10,859 crore in FY25. At the same time, its revenue declined to Rs 71,870 crore from Rs 78,636 crore during the year. Tata Digital made a loss of Rs 4,974 crore during the year. The worsening Air India’s financial performance comes as the Tata group continues to integrate and restructure its airline businesses. The group has been investing in fleet expansion, technology, infrastructure and improving the customer experience as it seeks to turn Air India into a globally competitive full-service carrier.

Key agenda in upcoming AGM

Tata Sons’ Annual General Meeting (AGM) is scheduled for August 18, 2026, with the reappointment of Chairman N Chandrasekaran, whose term on the board is up for renewal, expected to be a key agenda item.

According to observers, the meeting could face procedural challenges due to a quorum requirement under the company’s articles of association. If the required attendance is not met, the AGM’s proceedings could be affected. The Maharashtra Charity Commissioner has prohibited the trust from convening trustee meetings while certain legal proceedings remain pending. As a result, the trust is unable to hold a trustee meeting to jointly nominate the representative required to satisfy the quorum requirements for the AGM.

At the group level, aggregate revenue increased 7.8% to Rs 16.24 lakh crore, underlining the scale of operations across the conglomerate’s diverse businesses. A key development in the group’s portfolio was the rapid expansion of Tata Electronics, which emerged as the fourth-largest Tata group company by revenue, with turnover reaching Rs 1.31 lakh crore. The growth reflects the Tata group’s increasing presence in electronics manufacturing and its broader push to build new businesses in strategically important sectors.

Tata Trusts and Pallonji Mistry group hold 66% and 18.3% stakes, respectively, in Tata Sons.