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Maruti Suzuki shines, Tata Motors' PAT declines 22% to ₹5,451 crore
The New Indian Express Vishakapatnam
|January 30, 2025
TWO of India's largest automakers - Maruti Suzuki (MSIL) and Tata Motors - reported their December quarterly earnings on Wednesday.
While MSIL reported a healthy growth in profit, Tata Motors, which also owns the luxury British brand Jaguar Land Rover (JLR), had a challenging quarter.
Tata Motors reported a 22% year-on-year drop in consolidated net profit to ₹5,451 crore in Q3FY25, missing analyst estimates. While revenue from operations grew 2.7% y-o-y to ₹113,575 crore, earnings before interest, tax, depreciation, and amortisation (EBITDA) margins fell 60 basis points year-on-year to 13.7%.
This story is from the January 30, 2025 edition of The New Indian Express Vishakapatnam.
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