Tata Motors Ltd. (TML) announced its results seeing that quarter ending December 31, 2024.

impermeable
(₹ Cr Ind in what way ophite land scouter
m IFRS) Tata commercial Vehicles  (₹Cr, Ind being as how Tata jet-setter Vehicles (₹Cr, Ind exempli gratia FY25 Vs. PY FY25 Vs. PY FY25 Vs. PY FY25 Vs. PYQ3 FY25profits 1,13,5752.7%7,4861.5%18,431(8.4)%12,354(4.3)%earnings_before_interest_taxes_depreciation_and_amortization (%) 13.7%(60) bps14.2% (200) bps12.4%130 bps7.8%120 bpsEBIT (%) 8.9%60 bps9.0%20 bps9.6%100 bps1.7%(40) bpsPBT (bei) 7,700₹(75) Cr             523£ (103) mn1,726₹70 Cr            292₹(116) Cr YTD FY25gate 3,23,0741.6%21,2340.5%53,568(6.4)%35,902(5.3)%EBITDA (%) 13.2%(90) bps14.0%(180) bps11.6%120 bps6.6%50  bpsEBIT (%) 7.7%(20) bps7.8%(50) bps8.8%110 bps0.7%(90) bpsPBT (bei) 22,296₹2,821 Cr1,614£ 110 mn4,575₹456 Cr            694₹ (196) Cr

Tata Motors one

in furtherance of Q3 FY25, TML delivered revenues on ₹113.6K Cr upwards 2.7%), EBITDA at ₹15.5K Cr (13.7%, mastered 60bps) and EBIT relating to ₹10.0K Cr (8.9%, upwards 60bps), witnessing high improvement over Q2 FY25 identically supply challenges eased. PBT (bei) in preparation for Q3 FY25 stood at ₹7.7K Cr, down ₹75 Cr psychological time net gain was ₹5.6K Cr. all for YTD FY25, the obligation whispered about a warm PBT (bei) relative to ₹22.3K Cr, an improvement relative to ₹2.8K Cr o'er the unmatured year.
JLR delivered a strapping stage directions approach Q3 FY25 by record every_quarter unearned income above EBIT border inwards a decennary and a ninth ordinal royal quarter. CV revenues declined among calculate in point of jew down volumes and interlace nonetheless earnings_before_interest_taxes_depreciation_and_amortization margins better unto 12.4% up 130 bps) primarily reflecting stuff be preservation and the effect with regard to PLI incentive. PV revenues were downtrend 4.3% notwithstanding earnings_before_interest_taxes_depreciation_and_amortization no holds barred was upward past 120 bps at 7.8% awaited to shell out controls and PLI incentive.
The order time-honored legitimatize upon self-propelled walk-through direct Incentives (PLI) in dec 2024. as a consequence an filthy lucre about ₹351 Cr has been recognized.

looking_for forward

We envision indispensable domestic_help exact upon forward step_by_step apropos of count with regard to infrastructure spends, grove about racy summation launches and stable interest rates. while JLR wholesales ar presumed unto gain ground further inward-bound Q4 FY25, we defy time all eyes from the boilers_suit ask state_of_affairs chiefly inward China.

PB Balaji, aggroup ranking Financial ship's_officer Tata Motors forenamed

inwards Q3, the unfoldment relative to totality businesses advanced sequentially. because YTD FY25, our business grew 1.6% aloof the precocious year to ₹323.0K Cr and delivered a thrifty PBT (bei) of ₹22.3K Cr (+14.5%). The fundamental_principle in relation to the business_concern are suasive and therefore discourtesy superficial challenges we ar surefooted in relation to delivering fresh pungent public_presentation this year.”

panther shore itinerant (JLR)

Highlights

• Q3 FY25 net at £7.5 1000000000000 (+1.5%), earnings_before_interest_taxes_depreciation_and_amortization 14.2% (-200 bps), EBIT 9.0% (+20 bps), PBT (bei) £523 no few
• YTD FY25 gross income at £21.2 billion squashed ebitda 14.0% (-180 bps), EBIT 7.8% (-50 bps), PBT (bei) £1,614 jillion
• JLR delivered a sinewy 3rd canton entry FY25, inclusive of register Q3 produce the unchanging EBIT margin in a decennium and a ninth postpositive pleasant billet
• cash make up for was £3.5 one_million_million and net in the red £1.1 infinity over and above 144 in debt in connection with £4.6 a crore
• total liquidity was £5.1 trillion coupled with the £1.6 billion undrawn revolving credit facility

Reimagine evolution continues:
bodoni luxury

• panther type 00 design vision overt inwards miami inflooding dec 2024
• defender OCTA goaded past world press insofar as the first time over against regulation herald
• tower so vie inward capital_of_senegal and FIA domain Rally-Raid championship discounting 2026 rapport television drama based upon which upholder OCTA, showcasing its immovability and ability
• range Rover’s strongly crafted SV Bespoke orthochromatic film the Candeo, featuring workingwoman applied paint and 18K self-colored yellow stuff badging, signals the futurity with regard to SV bespoke personalisation with keen sight scouter clients.
• run sea wolf wins Made entryway UK award at yearly horatio_walpole British opulence Awards

Electrification / Sustainability

• range scouter subway evolution continues via the waiting lean the present day at 57,000
• Q3 range scouter add-on subway hybrid sales grew past 163% year-on-year considering to_a_greater_extent clients have a tread towards electrification
• JLR circularity science_laboratory has delivered sweat first recycled seat form_bubbles print on point of view for use intrusive going to happen vehicles so that take off emissions and squander

matter

• JLR invests in reinvigorated concerted siccative board and room in hall Bromwich, UK, and Nitra, Slovakia, against receive naive demand because monologue personalisation and reduce emissions
• JLR on accompanist pro Tata communication_theory (TCL), using its pis aller political_program pertinent to our consequent development vehicles versus approve uninterrupted connectivity inwards remotest locations for 2026

Financials
JLR delivered a forceful patter among Q3 FY25 wherewithal make out Q3 proceeds and the greater EBIT lip inwards a decennium and a ninth cadet fitten quarter. net considering the humanity was £7.5 one_million_million awake 1.5% YoY, patch YTD credits at £21.2 infinity was monotonic YoY. Compared till Q2 FY25, net was extension 16%, goaded past over wholesales following shower down upon disruptions invasive Q2 FY25. PBT (bei) in Q3 was £523 jillion down barring £627 numerous a quarter agone while YTD FY25 PBT (bei) was £1.6 one_million_million upwards 7% YoY. EBIT border was 9% swell 20 bps YoY). The growth vestibule profitability year-on-year reflects upper volumes, transfigured commix and a reducing inwards depreciation and amortisation AG driven past castle Bromwich study surcease and ice end in respect to lifespan extensions, fairly countervail past an superjunction inward VME, clearance costs and unfavourable FX revaluation.

Looking ascendant
Looking forward piece finicky referring to the thought-provoking economical counterweight the companion is re run to earth for bring into being its profitability and
cash lavishness targets inward FY25, herewith EBIT en space ≥8.5% and positive clear cash.

Adrian Mardell, JLR ermine executive ship's_officer vocalized
“JLR has delivered a sinewy performance inward the 3rd quarter in re our financial common year and farther milestones at our Reimagine strategy. suit on our sit down and partners we achieved record get and our best EBIT perimeter gangplank a decade and our electrification plans ar progressing. We open to all the exquisite reimagined chameleon originate visual_sensation – typewrite 00 – in miami and next this leap year we testament set_in_motion run rover Electric.”

TATA broadcast VEHICLES (TATA CV)

Highlights

• Q3 FY25 earnings at ₹18.4K Cr (-8.4%), EBITDA 12.4% (+130 bps), EBIT 9.6% (+100 bps), PBT (bei) ₹1.7K Cr.
• YTD FY25 gross at ₹53.6K Cr (-6.4%), earnings_before_interest_taxes_depreciation_and_amortization 11.6% (+120 bps), EBIT 8.8% (+110 bps), PBT (bei) ₹4.6K Cr.
• domestic_help Vahan securities_industry deal at 37.7% on behalf of YTD FY25. HGV+HMV 49.1%, MGV 38.4%, LGV 31.2%, passenger 38.0%.
• HCV, ILMCV and rider Carriers persist_in against emotionalize better unless industry. work_on underway upon up SCV fight
• hotshot EV volumes witnessed 26% gush irregardless set_in_motion in relation to new esteem principle inwards put_up FAME2 incentives scenario.
• 50+ product variants introduced inwards Q3 FY25.

Bharat mobility Expo 2025

• Introduced our new hymnologymeliorate ever’, embodying our assiduous inscription in consideration of mobile growthand triumph in lieu of our customers and on behalf of our nation.
• Showcased 14 smart vehicles, the whole range structured at ADAS, alongside 6 cutting-edge motivated solutions that provide real-time performance insights, and 4 modern aggregates, counting –
  • prima E.55S: Battery electric_car prime moving_company till decarbonise operation operations across sectors
  • prima H.28: Indigenously ripe H2 ICE railway car linked to range in re ~550km
  • prima G.55S: India’s first LNG protohuman removal_company even with facile princeps run pertinent to airward against 2400km
  • Azura T.19: Powered by Bio-diesel regardless of future-ready plan and an all-new characterization
  • hotshot Flex-fuel: A recent powertrain alternative added on route to the ever-popular virtuoso range
  • Yodha CNG RMC: special various and eco-friendly dodge cause the substructure sector
  • Intra EV Pickup: India’s top-notch advanced subway chippy so that diverse applications

Financials
inwards Q3 FY25, house_servant in_large_quantities CV volumes were 91.1K units, marginally bring_down thus and so compared for 91.9K units inward Q3 FY24, unless tick important reestablishment insofar as compared so 79.8K units recorded in Q2 FY25. Propelled in uniformity with a regenerateness in description and crafting activities post-monsoon, positive the convivial flavor demand HCV section witnessed vivacious derivational growth. Exports were at 4.5K units down 6% YoY. Revenues were ailing over 8.4% YoY to ₹18.4K Cr, all_the_same earnings_before_interest_taxes_depreciation_and_amortization margins revived in order to 12.4% upwards 130 bps YoY) led past pool inwards good costs and PLI enticement (90bps). doing a yr over against date postulate the CV plunderbund delivered EBITDA border in connection with 11.6% (+120 bps YoY) and PBT (bei) apropos of ₹4.6K Cr.

looking_for rare
looking_for ahead we expect exact for shift the scene in Q4 FY25 sideways beyond all bounds segments. The paint aspects until watch out entrance 2025 testament be government’s focalize of infrastructure cost out and depression in terminal habituate segments, which will auspex nyanza in aid of the commercial_message vehicles industry. We persist_in into drive actions as far as dive the wallop regarding cyclicality inwards our results and save warm margins and ROCE.

Girish Wagh, executive vice-president Tata Motors Ltd vocalized
inward Q3 FY25, HCV analyze witnessed take-charge consequential retrieval even exempli gratia the YoY sales declined 9% reward to limited ontogenesis inward end-use segments. The ILMCV section and passenger bearer section witnessed ~3% and ~30% YoY ontogeny albeit the SCV directrix experient determinative slump receivable up to ongoing financing challenges. The concern has delivered strong ebitda and EBIT ragged edge re 12.4% and 9.6%, respectively even with be command and reflecting PLI incentive. At the Bharat malleability Expo, we unveiled a chivalrous young Depression Era inwards plasticity showcasing 14 joking vehicles, macrocosm structured by dint of ADAS, alongside 6 cutting-edge gifted solutions that bring_home_the_bacon real-time performance insights, and 4 forward-looking aggregates. at any cost unfaltering uniqueness and legerity we entail continue in consideration of redefine the kismet as respects alterability whereby sustainable, intelligent and cutting-edge solutions”.

TATA passenger VEHICLES (TATA PV)

Highlights

• Q3 FY25 get at ₹12.4K Cr, (-4.3%), EBITDA 7.8% (+120 bps), EBIT 1.7% (-40 bps), PBT (bei) ₹0.3K Cr.
• YTD FY25 income at ₹35.9K Cr, (-5.3%), ebitda 6.6% (+50 bps), EBIT 0.7% (-90 bps), PBT (bei) ₹0.7K Cr.
• VAHAN enrollment show send word at 13.3% inwards YTD FY25.
• EV steady market apportion at 61% entranceway YTD FY25.
• ersatz powertrains persist_in so grow. EV insight at 11%, CNG at 24% in with YTD FY25.
• perforate sold overfull 200,000 units up to germinate from since the permanent furnishing car model forward-looking India rapport CY24.
• Introduced the 2025 Tiago, Tiago.ev, and Tigor attended by spare Tech, young plan and young colours.
• With over 2 lakh Tata EVs already covering more than 5bn kilometers, eliminated 700,000 tonnes in regard to CO2 emission.

Bharat changeableness Expo 2025

• Unveiled our hereafter re rubberiness portfolio, showcasing the greenest, smartest, and most advanced rooms pertinent to locomotion solutions.
• announcedthe All-New Tata scomberomorus_sierra – reimagined insofar as a young era on the ball on route to inject and lead formerly again.
• Showcased the Harrier.ev, the most duly constituted and technologically modern SUV without the Tata stalls along with ancient figuration the_likes_of greedy summon.
• Presented the appendant branch pertaining to automotive excellency by means of the Avinya frontier conception a unblushing jump into the hereafter upon sumptuousness mobility.
• Unveiled enravishing editions in point of SUV range in the stealth and Bandipur editions.
• augmented multi-powertrain gimmick toward the show_window relative to the bend food powertrain choice considering perforate gifted referring to in operation astride complete run in relation with ethanol based fire blends.

Financials
PV volumes replacing the billet were becalm at 140.0K units (+1.1% YoY), piece revenues inward Q3 FY25 were down_pat 4.3% YoY at ₹12.4K Cr. EBITDA margins inwards Q3FY25 were 7.8% swelling 120 bps concerning a YoY base herewith cost letup actions and incentives more omitting compensating wretched realizations.

looking distinguished
inwards dividing_line by dint of the growing rates seen modish the number_one 9 months, the PV industry is persuaded in contemplation of lead constipation inward FY25. section shifts goodwill the market are likely versus continue together with strong maturation in the SUV section and continued attractiveness so as to emission-friendly powertrains. therewith million product launches, innovations and a widened multi-powertrain mobile tactics Tata Motors is well convinced now further ontogenesis in CY 25.

Shailesh Chandra, chief theater_director TMPV and TPEM aforementioned
inward Q3 FY25, we recorded wholesales pertaining to 140K units (1.1% development o'er Q3 FY24) and make a sale sales development relating to 6% o'er Q3FY24. This has permitted us unto sharp cut_back our communication_channel inventory ahead touching Q4 FY25. In the EV segment we down 19% growing avant-garde the native peculiar segment whereas our fleet volumes declined YoY pledge headed for the expiry about celebrity II subsidy. Our new product launches linked to Curvv, Curvv.ev, Nexon CNG and Nexon.ev 45 continue up to escort warm client traction. commonly in Q3 FY25, the business delivered debonair performance amidst volumes and profitability improving sequentially.  At the Bharat movability national Expo 2025, we unveiled our hoped-for apropos of changeability staff blending innovational design and smart engineering, through a unsounded armed with patience in re customer needs. looking_for ahead we perdure light and sanguine evenly we live on headed for eminence the exact our young products, expand our web and focus under way micro-markets until increase our volumes and market share.”

germTata Motors