Tata Motors, the Mumbai-based auto company, has reported a consolidated net profit of ₹3,783 crore for the September quarter, marking its fourth consecutive quarter of positive results. The surge in profits is attributed to the robust performance of its British subsidiary, Jaguar Land Rover (JLR). In the same quarter last year, Tata Motors had posted a consolidated net loss of ₹1,004 crore
JLR played a significant role in Tata Motors’ positive financial results, reporting a revenue of £6.9 billion in the second quarter, reflecting a 30% year-on-year increase. This growth is attributed to factors such as higher wholesales, an improved product mix, cost reductions, and investments in demand generation.
On a standalone basis, Tata Motors reported a net profit of ₹1,270 crore for the September quarter, a significant improvement from the net loss of ₹293 crore during the same period last fiscal year. The total consolidated revenue from operations stood at ₹1,05,128 crore, compared to ₹79,611 crore in the corresponding quarter of the previous year.
The positive financial performance indicates a recovery for Tata Motors, with Jaguar Land Rover playing a pivotal role in driving revenue and profits for the company.
