Tata Motors has reported a net profit (consolidated net profit) of Rs 3,343 crore in the second quarter of the financial year 2024-25. It has decreased by 11% on an annual basis. In the same quarter a year ago, the company had a profit of Rs 3,764 crore.
The company’s income from operations (operational revenue) stood at Rs 1.01 lakh crore in the July-September quarter. In the same quarter a year ago, Tata Motors had earned Rs 1.05 lakh crore. This time it has decreased by 3.5% on an annual basis. The amount received from selling goods and services is called revenue.
Tata Motors total income decreased by 3.51%
In the July-September quarter, the total income of the company fell by 3.51% year-on-year to Rs 1.03 lakh crore. In the second quarter of the financial year 2023-24, the total income of the company was Rs 1.06 lakh crore. At the same time, the total expense of the company during this period was Rs 97,330 crore.
Tata Motors shares fell by 1.98% today
Before the results, the stock of Tata Motors today closed at Rs 803.55 on Friday (8 November) after falling 1.98%. The company’s stock has given a return of 3.02% in the last 5 days, 12.64% in one month, 20.61% in 6 months and 25.06% in one year. The stock of Tata Motors has risen only 1.64% this year i.e. from January 1, 2024, till now.
Consolidated profit means the performance of the entire group
The results of companies come in two parts – standalone and consolidated. In standalone, the financial performance of only one unit is shown. Whereas, in a consolidated or consolidated financial report, the report of the entire company is given.
Here, Tata Motors has more than 100 subsidiaries and associate companies like Jaguar Land Rover. The financial reports of all these combined will be called consolidated. Whereas, the separate results of Jaguar Land Rover will be called standalone.
