Tata Motors shares rise over 2% ahead of Q3 results; here is all you need to know

Total revenue from operations came in at ₹101,450 crore, down 3.49% against ₹105,129 crore logged in the September 2023 quarter.

Basic earnings per share (EPS) for the quarter under review stood at ₹9.72 against ₹9.81 in the year-ago period.

In its earnings release, the auto major said, "Tata Motors delivered revenues of ₹101.5K crore (down 3.5%), EBITDA at ₹11.6K crore (11.4%, down 230 bps), and EBIT of ₹5.6K crore (5.6%, down 190 bps) in a challenging external environment. PBT (bei) for Q2 FY25 stood at ₹5.8K crore, down ₹391 crore, while net profit was ₹3.5K crore. For H1 FY25, the business reported a strong PBT (bei) of ₹14.6K crore, an improvement of ₹2.9K crore over the previous year."

Jaguar Land Rover (JLR) revenue was down by 5.6% to £6.5b. JLR's performance was impacted by temporary supply constraints, which resulted in EBIT margins of 5.1% (down 220 bps). CV revenues were down by 13.9%, but EBITDA margins improved to 10.8% (up 40 bps) on favourable pricing and material cost savings despite adverse volumes.

Tata Motors sales in December 2024

Tata Motors reported a 4% increase in its total domestic sales to 76,138 units in December 2023 as compared to 72,997 units in the same month a year ago.

Passenger vehicle (PV) sales, including electric vehicles, in the domestic market stood at 43,470 units last month as against 40,043 units in December 2022, up 9%, the company said in a statement.

Total electric PV sales were at 5,006 units last month as against 3,868 units in December 2022, up 29%, it added.

"For Tata Motors, CY23 was the third consecutive year of posting the highest-ever sales of around 5.53 lakh units, led by its commanding position in the compact SUV segment and strong growth in hatches, despite the hatch segment degrowing at an industry level," Managing Director of Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Shailesh Chandra said in a statement.

On the outlook, he said, "With multiple new products, including a new nameplate scheduled for launch in 2024, we remain optimistic about continuing the growth trend in the quarters ahead."

Tata Motors said its total Commercial Vehicles (CV) sales in December 2023 grew 1% to 34,180 units as compared to 33,949 units in the year-ago period.

Tata Motors stock performance

Shares of the company have fallen 13% in the past 12 months.