Tata Motors Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· The consolidated EBITDA margin was 13.7%

· The revenue from operations stood at ₹105.1K Cr

· PAT for Q2 FY’24 reported a massive loss of ₹3.8K Cr

Performance Highlights

· The Consolidated EBITDA stood at ₹14.4K Cr, a rise of 86.4%

· The consolidated revenue is up by 32.1% YoY

· Net Automotive Debt was reduced to ₹38.7K Cr

Key Highlights - Segment Results

3. Passenger Vehicles (PV): 3.0% revenue dip, 1.8% EBIT margin gain from cost savings.

1. Jaguar Land Rover (JLR): 30.4% revenue rise, 7.3% EBIT margin improvement

2. Commercial Vehicles (CV): 22.3% revenue growth, 7.9% EBIT margin from higher realizations.

Optimism Amid Challenges

Optimistic outlook for FY23-24, driven by robust JLR orders, strong heavy truck demand, and new passenger vehicles. Improved finances through the richer mix, CV demand-pull strategy, cost control, and economic growth.