Automobile company Tata Motors has made 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 annual basis. The company had made a profit of Rs 3,764 crore in the same quarter a year ago.
The company's income from operations in the July-September quarter stood at Rs 1.01 lakh crore. Tata Motors had earned Rs 1.05 lakh crore in the same quarter a year ago. This time it has decreased by 3.5% on 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, Tata Motors' total income declined by 3.51% year-on-year to Rs 1.03 lakh crore. The total income of the company in the second quarter of the financial year 2023-24 was Rs 1.06 lakh crore. At the same time, the total expenditure of the company during this period was Rs 97,330 crore.
Tata Motors shares fell by 1.98% today
Ahead of the results, Tata Motors shares closed at Rs 803.55 today, Friday (November 8), after a 1.98% decline. The company's shares have given returns of 3.02% in last 5 days, 12.64% in one month, 20.61% in 6 months and 25.06% in one year. Tata Motors shares have risen only 1.64% this year i.e. from January 1, 2024 till now.
Ahead of the results, Tata Motors shares closed at Rs 803.55 today, Friday (November 8), after a 1.98% decline.
Consolidated profit means performance of the entire group
The results of companies come in two parts – standalone and consolidated. Standalone shows the financial performance of only one unit. Whereas, in consolidated financial report the entire company is reported.
Here, Tata Motors has more than 100 subsidiaries and associate companies like Jaguar Land Rover. The financial reports of all these will be called consolidated. At the same time, if the separate result of Jaguar Land Rover will be called standalone.
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Trent's profit of ₹ 335 crore in the second quarter: Revenue of Tata Group's retail chain company increased by 39%, shares fell by 7%.
Tata Group's retail chain company Trent Limited has made a profit of Rs 335 crore in the second quarter of the financial year 2024-25. This is an increase of 47% compared to the same quarter a year ago. The company had made a profit of Rs 228 crore in the second quarter (Q2FY24) of the financial year 2023-24.
Tata Steel profits of ₹758 crore in the second quarter: Revenue fell by 3.19% to ₹53,904 crore, stock gave 28% return in one year
Tata Steel's consolidated net profit in the second quarter (July-September) of the financial year 2024-25 increased to ₹ 758.84 crore on an annual basis (YoY). The company had suffered a loss of Rs 6,511 crore in the same quarter a year ago.
Graphics Source: NavJivanIndia | VaskarAssets
