Tata Motors Q1 Results Highlights: Net Profit Surges 74% YoY to ₹5,566 Cr

Tata Motors Ltd announced on August 1 that its net profit for Q1 FY25 soared by 74% year-on-year, reaching ₹5,566 crore. Revenue from operations for April-June increased by 5.7%, climbing to ₹1.08 lakh crore. Merger of Tata Motors Finance with Tata Capital is in progress and anticipated to conclude within 9 to 12 months.

Tata Motors Q1 Results Highlights

Tata Motors Ltd announced on August 1 that its net profit for Q1 FY25 soared by 74% year-on-year, reaching ₹5,566 crore compared to ₹3,203 crore, surpassing market predictions. The largest electric vehicle manufacturer in India reported that its revenue from operations for April-June increased by 5.7%, climbing to ₹1.08 lakh crore from ₹1.02 lakh crore in the previous year.

A survey by Moneycontrol involving six brokerage estimates projected Tata Motors’ net profit for the fiscal first quarter at ₹5,149 crore and revenue at ₹1.09 lakh crore. Tata Motors shares closed the day down by 1.21% at ₹1,142.65 on the NSE, prior to the results announcement.

Jaguar Land Rover (JLR) saw a revenue increase of 5.4% during April-June, totaling GBP 7.3 billion, with EBIT margins of 8.9%, up 30 basis points due to favorable volume, mix, and material cost improvements, as stated in their report.

In the domestic market, revenues from commercial vehicles grew by 5.1% year-on-year to ₹17,800 crore, with EBIT margins improving by 240 basis points to 8.9%, benefiting from better realizations and material cost savings.

Conversely, passenger vehicle revenues declined by 7.7%, indicating "challenging market conditions," though EBITDA increased by 50 basis points to 5.8%, driven by reductions in material costs.

Tata Motors indicated that the planned demerger into two separate listed entities is expected to be completed within 12 to 15 months. Additionally, the merger of Tata Motors Finance with Tata Capital is in progress and anticipated to conclude within 9 to 12 months.

About Tata Motors

Tata Motors Ltd (Tata Motors) is engaged in manufacturing and distributing automobiles, including passenger cars, utility vehicles, trucks, buses, and defense vehicles. The company also offers engineering services, automotive solutions, construction equipment manufacturing, automotive vehicle components, and supply chain activities through its subsidiaries.

The company produces machine tools and factory automation solutions, high-precision tooling, and plastic and electronic components for automotive and computer applications, as well as engines for industrial and marine applications. Its products are marketed under the brands Jaguar, Land Rover, and Tata Motors. Tata Motors operates in regions including Europe, the Middle East, North America, Africa, Asia, Russia, Oceania, Central America, and South America, with its headquarters located in Mumbai, Maharashtra, India.