Tata Motors share price NSE, Tata Motors Q3 results: Tata Motors settled as the top gainer on the Nifty50 index on Monday, February 5. The automaker gained as much as Rs 70.8, or 8.05 per cent, to clock an all-time high of Rs 949.6 apiece on BSE after the Tata Group auto giant—whose popular cars include Nexon and Punch—reported a better-than-expected set of financial results for the October-December (Q3 FY24) period. The counter settled at Rs 926.8, down by Rs 48 or 5.46 per cent on BSE. 

Tata Motors Q3 results 

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Tata Motors on Friday reported a consolidated net profit of Rs 7,025.1 crore for the quarter ended December 31, 2023, marking an increase of 2.4 times compared with the corresponding period a year ago. Its revenue grew by one-fourth on a year-on-year basis to Rs 1,09,799.2 crore, according to a regulatory filing.

According to Zee Business research, the Tata Group auto major was estimated to register a consolidated net profit of Rs 4,100 crore and revenue of Rs 1,07,800 crore for the fiscal third quarter. Revenue from Tata Motors' commercial vehicles and passenger vehicles segments increased 19.2 per cent to Rs 20,100 crore and 10.6 per cent to Rs 12,900 crore, respectively, according to a statement.

Tata Motors registered a 60.6 per cent growth in earnings before interest, taxes, depreciation, and amortisation (EBITDA) to Rs 15,800 crore for the quarter under review. Revenue from JLR increased by 22 per cent to 7.4 billion pounds, Tata Motors said. Read more 

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