Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea

TusharK · 27th January 2023, 17:19

Tata Motors bounced back by posting a Q3 net profit after seven quarters. The carmaker’s net profit stood at Rs 2,958 crore compared to a loss of Rs 1,516 crore in the previous year.

Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea-tata_motors_cars_1643695467717_1643695479245.jpg

Tata Motors’ consolidated revenue also rose by 22.5% to Rs 88,489 crore. While the company’s net profit for the third quarter rose to Rs 506.19 crore, its consolidated operating profit grew by 11% YoY to Rs 9,900 crore.

The carmaker registered a 28% rise in revenue to Rs 15,794 crore compared to the previous year.

Jaguar Land Rover also recorded a 28% growth compared to the previous year, while its revenues rose by 15%. The company’s profit before tax for the quarter was GBP 265 million compared to GBP 9 million a year ago.

Tata’s passenger vehicle division posted a revenue of Rs 11,700 crore, a growth of 37% YoY. The company sold a record 50,000+ units in the December quarter.

Tata’s commercial vehicle division on the other hand posted a revenue of Rs 16,900 crore, with a growth of 22.5% and an 8.4% increase in operating margin.

Source: ET Auto

Link to Team-BHP News

DRPSREDDY · 29th January 2023, 12:51

Quote:

Originally Posted by TusharK

Tata Motors bounced back by posting a Q3 net profit after seven quarters. The carmaker’s net profit stood at Rs 2,958 crore compared to a loss of Rs 1,516 crore in the previous year.

The carmaker registered a 28% rise in revenue to Rs 15,794 crore compared to the previous year.

All thanks to chip management, TATA has managed a rabbit out of the hat. As heard from known people, TATA has managed to source chips from all over including the open market. Also all it's division around the world doing good is a feat.

Quote:

Originally Posted by TusharK

Jaguar Land Rover also recorded a 28% growth compared to the previous year, while its revenues rose by 15%. The company’s profit before tax for the quarter was GBP 265 million compared to GBP 9 million a year ago.

It's Achilles heel JLR doing good after a long time. It was a sore thumb mainly Jaguar division and chip shortage pulled down numbers. Their order book is exploding with pending orders.

Quote:

Originally Posted by TusharK

Tata’s passenger vehicle division posted a revenue of Rs 11,700 crore, a growth of 37% YoY. The company sold a record 50,000+ units in the December quarter.

With all current cars doing good and factories running in full capacity and new factory will start rolling out new cars and expanding portfolio combined with new engines, we can expect a robust numbers in the coming years.

Venkatesh · 29th January 2023, 18:20

Tata Motors Q3 FY23 Financial Results - Press Release

Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea-smartselect_20230129181741_drive.jpg

Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea-smartselect_20230129181752_drive.jpg

Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea-smartselect_20230129181802_drive.jpg

Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea-smartselect_20230129181811_drive.jpg

Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea-smartselect_20230129181821_drive.jpg

ishan12 · 31st January 2023, 22:42

While the profits have improved, a lot needs to be improved in the QC department.

27th January 2023, 17:19	#1
TusharK Senior - BHPian Join Date: Jul 2017 Location: Pune Posts: 6,272 Thanked: 55,855 Times	Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Rea Tata Motors bounced back by posting a Q3 net profit after seven quarters. The carmaker’s net profit stood at Rs 2,958 crore compared to a loss of Rs 1,516 crore in the previous year. Tata Motors’ consolidated revenue also rose by 22.5% to Rs 88,489 crore. While the company’s net profit for the third quarter rose to Rs 506.19 crore, its consolidated operating profit grew by 11% YoY to Rs 9,900 crore. The carmaker registered a 28% rise in revenue to Rs 15,794 crore compared to the previous year. Jaguar Land Rover also recorded a 28% growth compared to the previous year, while its revenues rose by 15%. The company’s profit before tax for the quarter was GBP 265 million compared to GBP 9 million a year ago. Tata’s passenger vehicle division posted a revenue of Rs 11,700 crore, a growth of 37% YoY. The company sold a record 50,000+ units in the December quarter. Tata’s commercial vehicle division on the other hand posted a revenue of Rs 16,900 crore, with a growth of 22.5% and an 8.4% increase in operating margin. Source: ET Auto Link to Team-BHP News Last edited by TusharK : 27th January 2023 at 17:21.
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29th January 2023, 18:20	#3
Venkatesh Senior - BHPian Join Date: Feb 2020 Location: Hyderabad Posts: 8,292 Thanked: 43,837 Times	Re: Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY Tata Motors Q3 FY23 Financial Results - Press Release
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31st January 2023, 22:42	#4
ishan12 BHPian Join Date: Jun 2019 Location: Pune Posts: 269 Thanked: 978 Times	Re: Tata Motors Q3 Results: Automaker swings back to profit after 7 quarters; revenue jumps 22% YoY While the profits have improved, a lot needs to be improved in the QC department. Attached Thumbnails
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