Tata Motors Q3 Results: Tata Motors suffered a major setback, profit decreased by 22%

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Tata Group company Tata Motors has released the results for the third quarter of 2024. According to the exchange filing, the company's profit from operations has increased by 3 percent year-on-year to Rs 1.13 lakh crore. Not only this, the company's profit has decreased by 22 percent year-on-year.

Before the results were announced today, i.e. on January 29, the stock of Tata Motors has gone up by 3.65%, but tomorrow, i.e. on January 30, you can see the effect of the results on the stock of Tata Motors. The profit of Tata Motors decreased by 22% and this can affect the stock tomorrow.

Tata Motors' total profit has fallen by 22 percent year-on-year to Rs 5578 crore, but consolidated EBITDA in the third quarter of 2024 has been Rs 15,500 crore. Let us know what is the status of the company's sales report. Tata Motors currently has a lot of dominance in the electric segment, not only electric but Tata Motors has a lot to offer to customers from passenger vehicles to commercial vehicles.

How are the sales of Tata Motors?

Talking about the commercial vehicle segment, the company's revenue has decreased by 8.4 percent year-on-year to Rs 18,400 crore. However, the EBITDA margin has improved by 130bps year-on-year to 12.4 percent.

What is the condition of passenger vehicles?

The company's third-quarter results showed that the company has sold 1.40 lakh passenger vehicles, but the company's revenue has fallen by 4.3 percent year-on-year to Rs 12400 crore. Talking about the Electric Vehicles segment, the company has grown by 19 percent. Talking about the sales of Tata Motors' subsidiary unit Jaguar Land Rover, the company's earnings have increased by 1.5 percent to 748.6 crore pounds.