Tata Motors Q2 results FY25 disclosed a 3.5% year-on-year fall in the consolidated revenue. On the Tata Motors quarterly results date which was November 8, 2024, the Tata Motors share price closed at ₹805.45. On November 11, 2024, Tata Motors share price opened at ₹801.
Tata Motors Q2 Results FY25: Key Highlights
- Tata Motors Q2 results pointed out that the company delivered revenues of 101.5K Cr (down 3.5%).
- EBITDA at 11.6K Cr (11.4%, down 230bps) and EBIT of 5.6K Cr (5.6%, down 190bps) in a challenging external environment. EBITDA margin declined by 100bps to 13%.
- PBT (bei) for Q2 FY25 stood at 5.8K Cr down 391 Cr while Net Profit was 3.5K Cr as per the Tata Motors results for Q2 FY25.
- For H1 FY25, the business reported a strong PBT (bei) of 14.6K Cr, an improvement of 2.9K Cr over the previous year.
- Tata Motors share price generated positive returns of 2.41% in the last 1 day as on November 11, 2024 (at 11:54).
Tata Motors Results Q2: Segment Performance
- Tata Motors Q2 earnings reported that the JLR (Jaguar Land Rover) revenue was down by 5.6% to £6.5 b. As highlighted last quarter, JLR’s performance was impacted by temporary supply constraints which resulted in EBIT margins of 5.1% (down 220bps).
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- CV (Commercial Vehicles) revenues were down by 13.9% but EBITDA margins improved to 10.8% (up 40 bps) on favorable pricing and material cost savings despite adverse volumes. Domestic wholesale CV volumes were down by 19.6% YoY at 79.8K units because of a slowdown in infrastructure work, a fall in the mining activity, and a drop in fleet utilization because of heavy rains.
- Tata Motors quarterly results for Q2 FY25 mentioned that PV (Passenger Vehicles) revenues were down by 3.9% at ₹11.7K Cr but EBITDA margins were steady at 6.2% (down 30 bps) through mix improvements and cost reduction actions. PV volumes were down by 6.1% on a year-on-year basis at 130.5K units because of lower consumer demand and seasonal factors.
Tata Motors Q2 Results: Management Commentary
PB Balaji, Group Chief Financial Officer of Tata Motors said that – “Growth in the quarter was impacted due to significant external challenges as highlighted earlier. Overall, the business fundamentals remain strong, and we remain focused on our agenda of driving growth, competitiveness and free cash flows. As the supply challenges ease and demand picks up, we are confident of steady improvement in our performance and delivering a strong H2.”
Tata Motors Q2 Results: Future Outlook
Tata Motors Q2 earnings release mentioned that the company remains cautious on near-term domestic demand. However, the festive season and substantial investments in infrastructure should help bolster it. JLR wholesales are expected to improve sharply, as supply challenges ease. Overall, it expects an all-round improvement in performance in H2 FY25 and the business to become net debt-free by this year.
Highlighting the Tata Motors share price performance, it has generated a positive return of only 0.08% in the last 1 week (as on November 11, 2024). Keep exploring stocks and open demat account with SMC Global Securities. Stay tuned for the upcoming Nifty 50 companies quarterly results.
References
https://www.smctradeonline.com/research/equity-analysis/242
https://economictimes.indiatimes.com/tata-motors-ltd/stocks/companyid-12934.cms
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