Tata Motors Posts Consolidated Net Profit of ₹3.8 crore in Q2 FY2024

Tata Motors has released its consolidated sales report for the second quarter of the financial year 2024 (July-September 2023). The Indian automotive manufacturer posted a net profit of ₹3,783 crore. Its total consolidated revenue from its passenger vehicle business, commercial vehicle business and Jaguar Land Rover stood at ₹1,05,128 crore. Tata Motors saw a year-on-year growth of 32.1 per cent, earning ₹79,611 crore during the same period last year.  

Its commercial vehicle business posted a total revenue of ₹20,087 crore, while the passenger vehicle business posted a total revenue of ₹12,174 crore. Jaguar Land Rover posted a total revenue of GBP 6,857 million (roughly ₹69,591 crore). 

Tata Motors registered earnings before interest, taxes, depreciation and amortization of nearly ₹14,400 crore, which is a growth of 86.4 per cent compared to the same period last year. 

PB Balaji, Group Chief Financial Officer, Tata Motors, said “It is pleasing to see all the businesses deliver on their well differentiated plans this quarter. With a strong product pipeline, a seasonally stronger H2 and continued focus on cash accretive growth, we are confident of sustaining this momentum.”