Automaker Tata Motors reported a net profit (consolidated net profit) of Rs 3,343 crore in the second quarter of the financial year 2024-25. It decreased by 11% on an annual basis. The company had made a profit of Rs 3,764 crore in the same quarter a year ago.
The company’s operating profit in the July-September quarter stood at Rs 1.01 lakh crore. Tata Motors had earned Rs 1.05 lakh crore in the same quarter a year ago. This time it decreased by 3.5% on an annual basis. The amount received from the sale of goods and services is called income.
Tata Motors’ total revenue declined by 3.51%
During the July-September quarter, Tata Motors’ total revenue declined 3.51 per cent year-on-year to Rs 1.03 lakh crore. The company’s total revenue in the second quarter of the financial year 2023-24 was Rs 1.06 lakh crore. At the same time, the company’s total expenses during this period were Rs 97,330 crore.
Tata Motors shares fell 1.98% today
Ahead of the results, Tata Motors shares closed at Rs 803.55 today, Friday, November 8, after a decline of 1.98%. The company’s shares have generated returns of 3.02% in the last 5 days, 12.64% in a month, 20.61% in 6 months and 25.06% in a year. Tata Motors shares have risen only 1.64% this year, i.e. from January 1, 2024 till date.
Ahead of the results, Tata Motors shares closed at Rs 803.55 today, Friday, November 8, after a decline of 1.98%.
Consolidated profit means the performance of the entire group
Company results come in two parts – standalone and consolidated. Standalone displays the financial performance of a single unit. Whereas, in consolidated financial reports, the entire company is presented.
Here, Tata Motors has more than 100 subsidiaries and associated companies like Jaguar Land Rover. The financial reports of all these will be said to be consolidated. At the same time, if the separate result of Jaguar Land Rover will be called autonomous.
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Trent profit of ₹335 crore in Q2: Tata group’s retail chain’s revenue rose 39%, shares fell 7%.
Tata Group’s retail chain Trent Limited posted a profit of Rs 335 crore in the second quarter of the financial year 2024-25. This is an increase of 47% compared to the same quarter last year. The company had made a profit of Rs 228 crore in the second quarter (Q2FY24) of the financial year 2023-24.
Tata Steel Q2 profits of ₹758 crore: Revenue fell 3.19% to ₹53,904 crore, stock returned 28% in a year
Tata Steel’s consolidated net profit in the second quarter (July-September) of the financial year 2024-25 increased to ₹758.84 crore on an annual (year-on-year) basis. The company had suffered a loss of Rs 6,511 crore in the same quarter a year ago.