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Good JLR sales lift Tata Motors net profit in 1st quarter
The New Indian Express
|August 02, 2024
ON the back of robust Jaguar Land Rover (JLR) sales, homegrown auto major Tata Motors on Thursday reported a 74% jump in its June quarter (Q1FY25) consolidated profit at ₹5,566 crore as against ₹3,203 crore reported in the same quarter last year.
Revenue from operations rose 5.7% year-on-year to ₹108,048 crore in the quarter.
The automaker's consolidated earnings before, interest, tax, depreciation, and amortisation (EBITDA) rose 19% YoY to ₹15,785 crore. The EBITDA margin remained flat at 14.6%. PB Balaji, Group CFO, Tata Motors, said, "The first quarter has carried forward the momentum of last year with all businesses continuing to deliver on their distinctive strategies. We are confident of sustaining the performance in the coming quarters and delivering a strong year."
This story is from the August 02, 2024 edition of The New Indian Express.
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