Tata Motors Q2 Results: Profit Down 10%, Revenue Dips 3.5% On Sales Hit

Tata Motors Ltd.'s earnings fell in July-September 2024 due to a decline in sales. Profitability was hit due to discounting.

Consolidated net profit of the Mumbai-based automaker fell 10% over the year-ago period to Rs 3,450 crore in the quarter ended Sept. 30, even as revenue decreased 3.5% to Rs 1.01 lakh crore, according to an exchange filing on Friday. Analysts polled by Bloomberg estimated the top line at Rs 1,03,005 crore and the bottom line at Rs 4,805 crore.

• Revenue down 3.5% at Rs 1.01 lakh crore (Estimate: Rs 1,03,005 crore).

• Ebitda down 14.2% at Rs 11,736 crore (Estimate: Rs 14,636 crore).

• Margin down 140 basis points at 11.6% (Estimate: 14.20%).

• Net profit down 10% at Rs 3,450 crore (Estimate: Rs 4,805 crore).

One basis point is one-hundredth of a percentage point.

(This is a developing story).