New Delhi: Tata Motors reported a year-on-year (YoY) drop of 11.18 per cent in its consolidated net profit for the quarter ended September 30, 2024 (Q2 FY25). The auto giant posted a profit of Rs 3,343 crore, down from Rs 3,764 crore in the same period last year, as revenue from operations fell 3.
49 per cent to Rs 1,01,450 crore. Earnings per share (EPS) for the quarter were Rs 9.72, a slight decrease from Rs 9.
81 in Q2 FY24. In its earnings release, Tata Motors acknowledged the challenging business environment, saying, "Tata Motors delivered revenues of Rs 101.5K crore (down 3.
5 per cent) and EBITDA of Rs 11.6K crore (11.4 per cent, down 230 bps), with EBIT at Rs 5.
6K crore (5.6 per cent, down 190 bps)." Pre-tax profit (PBT) stood at Rs 5,800 crore, down Rs 391 crore from the same period last year.
Jaguar Land Rover (JLR), Tata Motors' luxury car division, faced a 5.6 per cent revenue dip to £6.5 billion, impacted by temporary supply constraints that led to EBIT margins of 5.
1 per cent, a decline of 220 basis points (bps) from the previous year. JLR's revenue for the first half of FY25 remained stable at £13.7 billion.
In the commercial vehicle (CV) segment, revenue declined by 13.9 per cent, although EBITDA margins rose to 10.8 per cent, driven by favorable pricing and material cost savings.
Passenger vehicle (PV) revenue fell 3.9 per cent, but EBITDA margins remained steady at 6.2 per cent.
Looking ahead, Tata Motors expressed a cautious view on domestic demand but noted.