Net profit of this Tata Group company fell by 9.9%, share price also continued to fall.
Bye Group automobile company Tata Motors released its financial results on Friday. Releasing the results of the second quarter of the financial year 2024-25, Tata Motors said that a decline of 9.9 percent has been recorded in the net profit of the company. Due to this decline, the net profit of Tata Motors declined to Rs 3450 crore in the second quarter. Let us tell you that in the second quarter of the last financial year, the net profit of Tata Motors was Rs 3832 crore.
A decline was also recorded in the company’s operational income.
Tata Motors said in an exchange filing on Friday that its operating income has also declined in the second quarter (July-September) of the current financial year. The company’s operational income in the second quarter stood at Rs 1,00,534 crore, which was Rs 1,04,444 crore in the second quarter of the last financial year. The company’s total expenses in the September quarter stood at Rs 97,330 crore, which was Rs 1,00,649 crore in the same quarter of the last financial year.
Jaguar-Land Rover’s income also decreased
Tata Motors said that Jaguar-Land Rover’s income also declined by 5.6 percent to 6.5 billion pounds in the second quarter. The company said its profit was affected due to temporary disruption in aluminum supply and detention of 6,029 vehicles for additional quality control checks.
Tata Motors shares continued to fall even today
Let us tell you that the decline in the shares of Tata Motors for the last several days continued even today. On Friday, Tata Motors shares closed at Rs 805.70, down Rs 14.10 (1.72%). After today’s fall, the difference between the current price of Tata Motors shares and its 52 week high has increased further. The 52 week high of the company’s shares is Rs 1179.05 and 52 week low is Rs 642.65.
Latest Business News
