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Mumbai-based automaker Tata Motors has rung up a 74 per cent year-on-year rise in consolidated revenue after tax (PAT) for the primary quarter of 2024-25 to Rs 5,566 crore, up from the Rs 3,203 crore in the identical quarter final 12 months.
Revenues from operations for the April-June quarter have been up 5.7 per cent to greater than Rs 1.07 trillion.
Tata Motors beat Road estimates. Brokerages had anticipated revenue to come back in round Rs 5,100 crore.
Shailesh Chandra, managing director, Tata Motors Passenger Automobiles and Tata Motors Electrical Mobility, mentioned: “The passenger automobile trade in Q1FY25 witnessed retails (registrations) moderating, impacted by the final elections and intense heatwaves throughout the nation. Tata Motors’ gross sales of 138,682 vehicles and SUVs have been barely decrease than in Q1FY24, as we proactively readjusted our wholesales according to retails to maintain channel stock underneath management.”
The inventory was down 1 per cent on the BSE on Thursday to Rs 1,144.6.
The corporate’s earnings earlier than curiosity and tax (Ebit) got here in at Rs 9,100 crore, with the Ebit margin of 8.4 per cent, which was up 30 foundation factors.
Revenues from Jaguar Land Rover (JLR) grew 5.4 per cent to £7.3 billion, with the Ebit margins of 8.9 per cent (up 30 foundation factors), pushed by beneficial volumes, and blend and materials value enhancements.
Revenues from business automobiles grew 5.1 per cent to Rs 17,800 crore and the Ebit margins improved to eight.9 per cent (up 240 foundation factors), benefiting from higher realisations and financial savings on materials value.
Revenues from passenger automobiles declined 7.7 per cent, reflecting the difficult market situations, however the earnings earlier than curiosity, tax, depreciation and amortisation margin at 5.8 per cent was pushed by materials value reductions.
The corporate mentioned world demand was prone to keep muted and it anticipated gradual enchancment in home demand throughout the remainder of the 12 months resulting from continued funding in infrastructure, a wholesome monsoon, pageant demand, and different indicators. Costs of commodities are prone to stay range-bound, Tata Motors mentioned.
P B Balaji, group chief monetary officer, mentioned: “The primary quarter has carried ahead the momentum of final 12 months with all companies persevering with to ship on their distinctive methods. We’re assured of sustaining the efficiency within the coming quarters and delivering a powerful 12 months.”
Passenger-vehicle (PV) wholesales in Q1FY25 have been down 1.1 per cent, whereas electric-vehicle volumes (at 16,600 models) decreased sharply by 13.9 per cent resulting from a pointy decline within the fleet section.
EV penetration is regular at 12 per cent, whereas compressed-natural-gas penetration has elevated from 16 per cent in FY24 to 22 per cent in Q1FY25.
First Revealed: Aug 01 2024 | 6:38 PM IST
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