Tata Motors’ Q1FY25 Results
- 02 Aug 2024
- 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:
| (Rs crores) | Q1FY24 | Q4FY24 | Q1FY25 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total income | 103,597 | 121,446 | 109,623 | -10% | 6% |
Total expenses | 98,267 | 112,236 | 100,925 | -10% | 3% |
Profit before tax | 4,864 | 9,369 | 8,870 | -5% | 82% |
Tax | 1,563 | -8,160 | 3,178 | - | 103% |
Profit after tax | 3,301 | 17,529 | 5,692 | -68% | 72% |
Earnings per share | 8.3 | 45.4 | 14.5 |
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,
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“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.
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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.
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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.”
Data Source: BSE, Company announcements
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