Tata Motors profit falls 30%

TATA MOTORS reported a 30.5% year-on-year (y-o-y) fall in consolidated net profit to ₹3,924 crore in the first quarter ended June, weighed down by contracting margins at Jaguar Land Rover (JLR), due to the full quarter impact of US tariffs.

- URVI MALVANIA

The profit marginally missed the Bloomberg consensus estimate of ₹3,972 crore.

Tata Motors' revenue from operations also declined 2.5% y-o-y to ₹1.04 lakh crore as compared to ₹1.07 lakh crore during the same period last year. The revenue came in higher than the estimate of ₹1.01 lakh crore.

The company's Ebitda fell 39.2% y-o-y to ₹10,224 crore, while the Ebitda margin slipped 480 basis points to 9.2%. The automaker attributed the soft performance during the quarter to volume decline in all businesses and a drop in profitability, primarily at JLR.