Tata Motor’s Q3 Results Is a Must Read

Q3 FY24 Revenue: ₹110.6K Cr, up 25%. EBITDA: ₹15.8K Cr, surging by 60.6%. PBT: ₹7.6K Cr.

Jaguar Land Rover Glory

JLR Revenue: £7.4b in Q3 FY24, EBIT Margin at 8.8%. Record quarterly profit at £627 million. Commercial Vehicle volumes: 91.9K units, up 1.1%. Passenger Vehicle volumes: 138.6K units, up 5%.

Financial Strength

Finance Costs are down by ₹191 Cr. Net Automotive Debt reduced to ₹29.2K Cr. Joint ventures' Net Profit: ₹193 Cr.

Outlook and Optimism

Positive outlook for all segments. Net Debt reduction of ₹9.5K Cr in Q3 FY24.

Financial Snapshot

Q3 FY24 Metrics: Gross Revenue: ₹110,577 Cr (25% up). EBITDA: 14.3% (320 bps up). PBT: ₹7,582 Cr.