Tata Motors Earned Net Profit Of ₹7,100 Crore In Q3 FY2024

Tata Motors has released its consolidated sales report for the third quarter of the financial year 2024 (October-December 2023). The Indian automotive manufacturer posted a net profit of around ₹7,100 crore. The total consolidated revenue from its passenger vehicle business, commercial vehicle business and Jaguar Land Rover stood at ₹1,10,577 crore, a 25 per cent year-on-year growth compared to the same period last year.

Its commercial vehicle business posted a total revenue of ₹20,123 crore, while the passenger vehicle business posted a total revenue of ₹12,910 crore. Jaguar Land Rover posted a total revenue of GBP 7.375 billion (roughly ₹77,982 crore). 

Tata Motors registered earnings before interest, taxes, depreciation and amortization of nearly ₹15,800 crore, which is a growth of 60.6 per cent compared to the same period last year. 

PB Balaji, Group Chief Financial Officer, Tata Motors, said “It is satisfying to see our businesses execute well on their differentiated strategies and deliver a strong set of results for the quarter, thereby making it six quarters of consistent delivery. We aim to end the year on a strong footing and remain confident of sustaining our performance in the coming quarters and delivering on our de-leveraging plans”