Tata Motors Reports Q3 FY 2024-25 Earnings, Net Profit at ₹5,578 Crore, Revenue Up 2.7% YoY

Mumbai, India – January 29, 2025​

Tata Motors Limited (NSE: TATAMOTORS, BSE: 500570) has announced its financial results for the third quarter (Q3) and nine months (9M) ended December 31, 2024, reporting strong revenue growth, improved profitability, and continued leadership in the electric vehicle (EV) and commercial vehicle (CV) segments.

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Key Financial Highlights (Consolidated Results)​

Quarterly Performance (Q3 FY 2024-25 vs Q3 FY 2023-24)​

• Revenue from Operations: ₹1,13,575 crore, up 2.7% YoY from ₹1,10,577 crore.
• EBITDA: ₹15,500 crore, with an EBITDA margin of 13.7%.
• Profit Before Tax (PBT, before exceptional items): ₹7,700 crore, compared to ₹7,775 crore in Q3 FY24.
• Net Profit (PAT): ₹5,578 crore, compared to ₹7,145 crore in Q3 FY24.
• Earnings Per Share (EPS): ₹14.81, compared to ₹18.32 in Q3 FY24.

Nine-Month Performance (9M FY 2024-25 vs 9M FY 2023-24)​

• Total Revenue: ₹3,23,074 crore, up 1.6% YoY from ₹3,17,942 crore.
• EBITDA: ₹42,686 crore, with an EBITDA margin of 13.2%.
• PBT: ₹22,296 crore, up 14.5% YoY from ₹19,475 crore.
• Net Profit: ₹14,722 crore, up 3.1% YoY from ₹14,278 crore.

Tata Motors continues to show financial resilience, with a strong cash position and stable growth across all business verticals.

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Segmental Performance & Business Growth​

Jaguar Land Rover (JLR) Performance​

• Revenue: £7.5 billion, up 1.5% YoY.
• EBITDA Margin: 14.2% (down 200 bps YoY).
• PBT: £523 million, down £103 million YoY.
• Key Highlights:
  • Record Q3 revenue and highest EBIT margin in a decade.
  • Range Rover plug-in electric hybrid sales up 163% YoY.
  • Investment in new paint facilities in the UK and Slovakia to boost customization demand.

Tata Commercial Vehicles (CV) Performance​

• Revenue: ₹18,431 crore, down 8.4% YoY due to lower demand in key segments.
• EBITDA Margin: 12.4%, improving by 130 bps YoY, driven by cost savings and PLI incentives.
• HCV and ILCV segments showed resilience, while SCV demand was affected by financing challenges.
• EV commercial vehicle sales grew 26% YoY post-FAME II subsidy expiry.

Tata Passenger Vehicles (PV) Performance​

• Revenue: ₹12,354 crore, down 4.3% YoY due to weaker demand in mass-market segments.
• EBITDA Margin: 7.8%, improving by 120 bps YoY, supported by cost optimizations.
• Electric Vehicles (EVs) market share: 61% in India.
• EV penetration: 11%, with CNG at 24% of total sales.
• Punch becomes India’s highest-selling car model in CY24 with 200,000+ units sold.

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Capital Expenditure & Future Investments​

• PLI Incentive Recognition: ₹351 crore recorded in Q3 FY25.
• R&D Investments: Ongoing focus on EVs, ADAS, and hydrogen fuel cell technology.
• Debt Reduction: Net automotive debt now ₹19,200 crore, reflecting improved cash flows.

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Market Outlook & Growth Strategy​

Tata Motors expects continued growth, driven by:
✔ Improving domestic demand with infrastructure spending & new product launches.
✔ Stronger JLR sales in Q4 FY25 as supply chain bottlenecks ease.
✔ Expanding EV lineup with new launches like Curvv, Curvv.ev & Nexon.ev 45.
✔ Enhancing commercial vehicle competitiveness through technology & efficiency.

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Conclusion​

Tata Motors has delivered strong financial and operational results in Q3 FY 2024-25, supported by record JLR performance, resilient CV sales, and growing EV leadership. With continued cost optimizations, product innovation, and a strong balance sheet, the company is well-positioned for long-term success.