Tata Motors Q3 consolidated net profit jumps 2x to Rs 7,025 crore!
Fri, Feb 2, 2024 5:40 PM

Tata Motors Q3 consolidated net profit jumps 2x to Rs 7,025 crore!

A Flip by Avya Verma
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Tata Motors reported a two-fold increase in consolidated net profit at Rs 7,025 crore for Q3 FY24 due to high demand for vehicles in India and growth in Jaguar Land Rover models. Revenue also surged by 24.9% to Rs 110,577 crore. Analysts expected a 54% rise in net profit and 22% increase in revenue. Operating margin expanded to 13.94%. Domestic sales of MH&ICV and passenger vehicles increased.

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