Tata Motor shares slides over 6 per cent to fresh 52 week low level of Rs 683.20 on the NSE (National Stock Exchange), after passenger car manufacturer, posted a 21.93 per cent decline in quarterly net profit for the quarter ended at December 31.
The shares of Tata Motors went on to touch the 52 week low level of Rs 683.20 per share on the exchanges after hitting the opening bell at Rs 709.00 per share with a decline of 5.78 per cent on the bourses.
Tata Motor shares were trading around Rs 703.40 per share plummeting 6.52 per cent amounting to a Rs 49.10 per share on indian exchanges. The counter was trying to recover, moving 3.01 per cent from the 52 week low level.
Tata Motor Q3 FY25
Net profit and operational revenue Q3 FY25
In comparison to the same period last year, when its consolidated net profit was Rs 7,145 crore, Tata Motors reported a 21.93 per cent year-over-year decrease to Rs 5,578 crore for Q3 FY25.
Its operating revenue increased by only 2.7 per cent to Rs 1,13,575 crore during the quarter, as opposed to Rs 1,10,577 crore during the same period of the previous fiscal year. Its Jaguar-Land Rover (JLR) business was slowing down, which hurt the numbers.
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Q3 FY25 Operating profit Q3
Operating profit, or EBITDA (earnings before interest, tax, depreciation, and amortization), was Rs 15,521 crore, a 1.9 per cent decrease from the previous year. In addition, EBITDA margins decreased 60 basis points to 13.7 per cent from the previous year.
Segment wise earnings Q3 FY25
The passenger vehicles business saw a 4.3 per cent year-over-year drop in revenue to Rs 12,354 crore in the December quarter, according to specific segments. Nonetheless, the passenger vehicle division's sales of electric vehicles increased 19 per cent annually.
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In comparison to the same period last year, the commercial vehicle (CV) business saw a decline in revenue of 8.4 per cent to Rs 18,431 crore for the December quarter. In the meantime, JLR's revenue increased by a meager 1.5 per cent to GBP 7.5 billion in comparison to the same quarter last year.
