New Delhi: Tata Motors’ shares rose nearly 3 per cent in early trade on Monday, making it one of the top gainers in the Nifty 50 index, despite the company reporting a weaker-than-expected performance for the second quarter of the financial year (Q2 FY25). The stock opened at Rs 801, slightly lower than its previous close of Rs 800.95.
While it dipped to Rs 792 during the day, the share price rebounded to Rs 829, marking an almost 3 per cent gain. Tata Motors Q2 Results: Net ProfitFor Q2 FY25, Tata Motors reported an 11 per cent year-on-year (YoY) drop in consolidated net profit, which stood at Rs 3,343 crore, compared to Rs 3,764 crore in the same period last year. Tata Motors Q2 Results: EBITDA The company also saw a 16 per cent fall in earnings before interest, tax, depreciation, and amortization (EBITDA), which declined from Rs 13,767 crore in Q2 FY24 to Rs 11,567 crore.
As a result, the EBITDA margin dropped by 230 basis points to 11.4 per cent. (Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice.
Times Now Digital suggests its readers/audience to consult their financial advisors before making any money-related decisions.) Get Latest News Live on Times Now along with Breaking News and Top Headlines from Markets, Business Economy and around the world..