Bye The automobile company of the Tata Motors group published its financial results on Friday. Releasing the results for the second quarter of fiscal 2024-25, Tata Motors said a 9.9 per cent decline in the company’s net profit was recorded. Due to this decline, Tata Motors’ net profit declined to Rs 3,450 crore in the second quarter. Let us tell you that in the second quarter of the last financial year, Tata Motors’ net profit was Rs 3,832 crore.
There was also a decline in the company’s operating income.
Tata Motors said in a stock exchange filing on Friday that there has also been a decline in its operating income in the second quarter (July-September) of the current financial year. The company’s operating income in the second quarter stood at Rs 1,00,534 crore, up from 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, as against Rs 1,00,649 crore in the same quarter of the last financial year.
Jaguar-Land Rover revenue also declined
Tata Motors said Jaguar-Land Rover revenue also fell 5.6 percent to 6.5 billion pounds in the second quarter. The company said its profits were hit due to the temporary disruption in the supply of aluminum and the detention of 6,029 vehicles for additional quality checks.
Tata Motors shares continued to fall even today
Let us tell you that the decline in Tata Motors shares over the last few days continues even today. On Friday, Tata Motors shares closed at Rs 805.70, down Rs 14.10 (1.72%). After today’s decline, the difference between Tata Motors’ current share price and its 52-week high has increased further. The company’s stock’s 52-week high is Rs 1,179.05 and 52-week low is Rs 642.65.
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