Thu Jan 30 07:07:09 UTC 2025: ## Tata Motors Q3 Profit Falls 22% Despite Revenue Increase

**MUMBAI** – Tata Motors reported a 22% decline in net profit for the December quarter (Q3 FY24), down to ₹5,578 crore compared to ₹7,145 crore in the same period last year. While operational revenue slightly increased to ₹1,13,575 crore from ₹1,10,577 crore year-on-year, the company attributed the profit drop to a rise in overall expenses (₹1,07,627 crore vs ₹1,04,494 crore) and a 4.3% year-on-year decline in passenger vehicle revenue to ₹12,400 crore. EBITDA margin also decreased by 60 basis points to 13.7%.

However, the company’s Jaguar Land Rover (JLR) division showed a stronger performance. JLR’s Q3 revenue reached £7.5 billion, a 1.5% year-on-year increase, although its year-to-date revenue remained flat at £21.2 billion. JLR’s EBITDA margin improved by 120 basis points to 7.8% in Q3 FY25.

Despite the decline in overall profit, Tata Motors’ share price saw a surge, reaching an intraday high of ₹755, up 4%. The company’s market capitalization stands at ₹2,76,986.24 crore. While the stock is up 2% in the last five days and 3% in the last month, it has seen a 35% drop over the past six months.

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