Tata Motors Q3 Profit Plunges 22.4% Amid JLR Challenges

Tata Motors reported a significant 22.4% year-on-year drop in consolidated net profit for Q3 FY25, falling to Rs 5,451 crore from Rs 7,025 crore in the previous year. The decline comes despite a marginal increase in total revenue to Rs 113,575 crore. Weaker margins and subdued Jaguar Land Rover volumes were key factors impacting profitability. However, the company remains optimistic about future performance, with Group CFO PB Balaji emphasizing strong business fundamentals. Tata Motors anticipates improved domestic demand driven by infrastructure spending and new product launches, while closely monitoring the global market, particularly in China.

Source: The Indian Express