Tata Motors - Gearing up for profitability

The Tata Motors Limited has posted it's Q3 FY 23 results on 25th January, 2023. 

The performance of the company has beaten the street estimates. Infact, the Company has reported profit after almost 2 years. It has reported stellar profit of Rs. 2,957 Crores for the quarter ended 31st December 2022.

Revenue from operations

The company has reported Revenue from Operations of Rs. 88,488/- crores at a growth rate of 22% YOY. 

Net Profit

The company has reported net profit of Rs. 2,957/- crores as against loss of Rs. 1,516 crores for the same period last year.

EBITDA

The EBITDA margin of the company rose by 11% to Rs.9,900 crores.

JLR Performance

JLR arm has shown a strong performance. It has registered a revenue growth at 28% YOY.