Tata Motors shares tumble over 9 pc after Q3 earnings

The stock emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms.

Shares of Tata Motors on Thursday morning tumbled over 9 per cent after the firm reported a 22 per cent fall in consolidated net profit for the third quarter ended December 2024. The stock tanked 9 per cent to Rs 684.25 the 52-week low level on the BSE. At the NSE, it declined 9.20 per cent to Rs 683.20 the 52-week low level.

The stock emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms. Tata Motors on Wednesday reported a 22 per cent fall in consolidated net profit to Rs 5,578 crore for the third quarter ended December 2024, impacted by a decline in revenue from its passenger and commercial vehicles divisions. The company had posted a consolidated net profit of Rs 7,145 crore in the same quarter last fiscal, Tata Motors said in a regulatory filing. Its consolidated total revenue from operations stood at Rs 1,13,575 crore, as against Rs 1,10,577 crore in the year-ago period, it added. The total expenses in the quarter were higher at Rs 1,07,627 crore, compared to Rs 1,04,494 crore a year ago, the company said.

Tata Motors said its British arm Jaguar Land Rover (JLR) delivered a robust third quarter in FY25, with record revenue of 7.5 billion pounds, up 1.5 per cent compared to the year-ago period and posted a ninth successive profitable quarter. "JLR has delivered a robust performance in the third quarter of our financial year, and further milestones in our reimagine strategy. Thanks to our people and partners, we achieved record revenue and our best EBIT margin in a decade and our electrification plans are progressing," JLR Chief Executive Officer Adrian Mardell said.

PTI SUM

"Exciting news! Mid-day is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest news!" Click here!