Tata Motors Q2 consolidated net profit declines 11% to ₹3,343 cr

It’s not good news for the Tata Group, as Tata Motors’ Q2 FY25 consolidated net profit saw an 11% year-on-year decline, falling to Rs 3,343 crore. The weak performance of the Jaguar Land Rover (JLR) unit, along with challenges in its commercial vehicles segment, contributed to the drop and led to a significant decline in profits.

According to a filing with the stock exchange, the company’s consolidated revenue for the July-September quarter declined by 3.5% to Rs1.01 lakh crore. The decline in sales volume has significantly impacted the company’s revenue.

The automobile giant has failed to meet investor expectations, with its EBITDA plunging by 230 basis points to 11.4%.