Tata Motors Share Price Dips 1.16% Ahead of Q2 FY 2025 Financial Results

On November 8, 2024, Tata Motors is in the spotlight as investors await its financial results for the quarter and half-year ending September 30, 2024. The company had earlier announced in October that its Board of Directors would meet on November 8 to approve both the Audited Standalone Financial Results and the Unaudited Consolidated Financial Results for Q2 FY 2025.

Tata Motors Share Price Performance Ahead of Results

Ahead of its financial results for the quarter, on November 8, 2024, Tata Motors share price opened at ₹821.95, slightly up from its previous close of ₹819.75. However, at 11:07 AM, the share price of Tata Motors was trading at ₹810.20, with a decline of 1.16 %.

Review of Q1 FY25 Financial Highlights

In the previous quarter ending June 2024, Tata Motors’ total revenues reached ₹1,08,000 crore, marking a 5.7% year-on-year growth. This growth was driven by solid performance across business segments, including Jaguar Land Rover (JLR), whose revenues climbed 5.4% to £7.3 billion, aided by favourable volume, product mix, and material cost reductions. 

Tata Motors’ Earnings Before Interest and Taxes (EBIT) came in at ₹9,100 crore, reflecting a rise of ₹900 crore from the prior period, with an EBIT margin of 8.4%. For JLR specifically, the EBIT margin increased to 8.9%, up by 30 basis points.

Domestic and International Sales in October 2024

Tata Motors has also recorded steady performance in its domestic and international market segments for medium and heavy commercial vehicles (MH&ICV). Domestic MH&ICV sales, including trucks and buses, reached 15,574 units in October 2024, up from 15,211 units in October 2023. Total sales for MH&ICV, including both domestic and international markets, stood at 16,274 units, slightly higher than the 16,048 units achieved in October 2023.

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