BAJAJ BROKING
Jaguar Land Rover's July sales rose 11% to 6,121 units. Tata Motors' July sales fell 10.7% to 71,996 units. Q1 net profit surged 73% to ₹5,566 crore despite a rise in net automotive debt to ₹18,600 crore.
Tata Motors, along with its subsidiary Jaguar Land Rover (JLR), has released sales figures for July and financial results for the first quarter. Here's a detailed analysis of the key numbers and performance indicators.
Jaguar Land Rover (JLR) reported robust sales in July, with a total of 6,121 units sold, marking an 11% increase from the 5,516 units sold in July 2023. The breakdown is as follows:
Jaguar: Sales slightly increased to 1,058 units from 1,046 units in July 2023.
Land Rover: Sales surged by 13% to 5,063 units compared to 4,470 units in the same month last year.
In comparison, JLR sold 6,421 units in June, indicating a slight month-on-month decrease.
Contrasting JLR's performance, Tata Motors experienced a decline in sales for July:
Total Sales: Fell by 10.7% to 71,996 units, down from 80,633 units in July 2023.
Domestic Sales: Dropped by around 11% year-on-year to 70,161 units.
Commercial Vehicle Sales: Plummeted by about 18% to 27,042 units from 32,944 units last year.
Passenger Vehicle Sales: Decreased by 6% to 44,725 units.
Despite the drop in sales, Tata Motors reported strong financial performance for the first quarter. Its net profit surged by 73% to ₹5,566 crore, compared to ₹3,203 crore in the same period last year. Revenue increased by 6% to ₹1.08 lakh crore from ₹1.02 lakh crore year-on-year.
However, the company faced challenges in terms of debt. The net automotive debt rose to ₹18,600 crore, a 16% increase from ₹16,000 crore at the end of March 2024. JLR’s net debt increased to ₹10,500 crore from ₹7,700 crore at the end of the March quarter.
Tata Motors' share price closed at ₹1,015.45 on Friday, reflecting a decline of ₹81.20 or 7.40% from the previous close. Despite this drop, the stock has delivered a 66.60% return over the past 12 months. Investors are keenly watching Tata Motors’ share performance amidst the latest financial disclosures.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
For All Disclaimers Click Here: https://bit.ly/3Tcsfuc
Share this article:
7th Pay Commission Leave Rules & Holidays in India
11 Dec, 2024 | 5 Min. read
Wipro Ltd
11 Dec, 2024 | 7 Min. read
Aditya Birla Group
11 Dec, 2024 | 10 Min. read
What is the Lock-in Period in IPO
11 Dec, 2024 | 6 Min. read
Textile Sector in India
11 Dec, 2024 | 11 Min. read
Step-by-Step Guide to Accessing Your Income Tax Assessment Order Online
11 Dec, 2024 | 3 Min. read
IPO vs FPO vs OFS: Key Differences in How Companies Raise Capital
11 Dec, 2024 | 8 Min. read
Gold Price in India - Gold Prices Edge Higher as Futures Hit $2,654.50
11 Dec, 2024 | 39 Min. read
Indian Overseas Bank Secures ₹1,359 Crore Income Tax Refund for AY 2015-16
11 Dec, 2024 | 2 Min. read
HG Infra Secures ₹899 Crore NH-227B Road Upgrade Project in UP
11 Dec, 2024 | 2 Min. read
NTPC Green Energy Secures 500 MW Solar Project with 250 MW ESS from SECI
11 Dec, 2024 | 2 Min. read
Awfis Space ₹583 Crore Block Deal Launches at ₹680 Floor Price
11 Dec, 2024 | 2 Min. read
RBI Launches ULI: Transforming Loan Access
August 27, 2024 | 4 Min. read
Textile Sector in India
September 20, 2024 | 5 Min. read
List of IPOs with DRHPs Filed
November 30, 2023 | 3 Min. read
Aditya Birla Group
September 28, 2023 | 10 Min. read
Bajaj Housing Finance Ltd IPO: Things Smart Investors Need to Know
September 05, 2024 | 4 Min. read
Budget Stock Ideas 2024-2025 | Stocks to Buy Today
July 24, 2024 | 4 Min. read
IPO Eligibility Criteria : Full Details
March 15, 2024 | 6 Min. read
What Is the Lock-In Period in IPOs?
October 18, 2023 | 6 Min. read
Godfrey Phillips Announces 2:1 Bonus Shares
September 16, 2024 | 7 Min. read
Jindal Group- A Comprehensive Analysis
September 27, 2024 | 7 Min. read
Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading