Tata Motors Faces a Profit Plunge

Tata Motors revealed a significant 51% decrease in consolidated net profit for the March quarter, standing at Rs 8,556 crore, as disclosed in a regulatory filing on Tuesday.

This stark decline follows the company’s previous year’s net profit of Rs 17,528 crore for the same period, despite a slight uptick in total revenue from operations reaching Rs 1,19,503 crore.

In the fiscal year 2024-25, the company reported a consolidated net profit of Rs 28,149 crore, whereas it was Rs 31,807 crore the year before. Consequently, Tata Motors' shares dropped by 1.76%, closing at Rs 707.90 on the BSE.

(With inputs from agencies.)