[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.



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]

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.

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.

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]

Tata Motors Q3 FY23 Financial Results - Press Release

[ishan12]

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