Tata Motors’ Q1FY25 Results

• Tata Motors reported a 10% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter ended June (Q1FY25). On a year-on-year (YoY) basis, it witnessed a growth of 6%.
• Its expenses for the quarter were down by 10% QoQ and up by 3% YoY.
• The net profit decreased 68% QoQ and increased 72% YoY.
• The earnings per share (EPS) of Tata Motors stood at 14.5 during Q1FY25.

Tata Motors’ Financial Statements for Q1FY25:

Financials:

• Total Income: ₹109,623 crores, reflecting a 6% YoY growth and a 10% QoQ decrease
• Profit Before Tax: Up 82% YoY to ₹8,870 crores, though down by 5% QoQ
• Profit after tax: ₹5,692 crores for Q1FY25, up 72% YoY from ₹3,301 crores
• EBITDA: ₹15,785 crores, up 19% YoY
• Earnings per Share: The EPS for Q1FY25 stood at ₹14.5, compared to ₹8.3 in Q1FY24

Girish Wagh, Executive Director Tata Motors Ltd, said,

• “Q1FY25 registered a positive start for the Indian commercial vehicles sector. Tata Motors recorded commercial vehicles domestic sales of 87,615 units, ~7% higher than Q1 FY24 sales. Overall positive market sentiment arising from increased economic activity, continuing infrastructure development, and growing demand of e-commerce, auto aggregates and LPG segments led to sales improving across most segments – HCV, MCV and CV Passenger.

• The business delivered strong EBITDA margins of 11.6% in Q1FY25. Looking ahead, the widespread onset of monsoon, expectations of policy continuity in the forthcoming budget and thrust on infrastructure should be conducive towards improving overall demand for commercial vehicles.

• We will continue to drive our demand-pull strategy, step up customer engagement and improve competitiveness while closely tracking any emerging headwinds arising from interest rates, fuel prices and inflation.”

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