Tata Motors Ltd. reported a steep 63% year-on-year drop in consolidated net profit for the June quarter, hit by weaker volumes across all businesses and reduced profitability at Jaguar Land Rover (JLR).
Net profit stood at ₹3,924 crore, down from ₹10,514 crore a year earlier, yet broadly in line with Bloomberg consensus estimates of ₹3,972.1 crore. Revenue declined 2.5% to ₹1.04 lakh crore, slightly above expectations, while Ebitda fell 35% to ₹9,724 crore. The Ebitda margin slipped to 9.3% from 14%.
The company attributed the earnings hit largely to lower sales volumes and the impact of US auto tariffs on JLR. Despite the challenges, Group CFO PB Balaji maintained a positive outlook, citing expected tariff clarity, festive season demand, and plans to rebuild momentum in the second half of the year. The upcoming October 2025 demerger is also expected to refocus operations and drive performance.
On the market front, Tata Motors’ shares closed 2.43% lower at ₹633.70 on the NSE, underperforming the benchmark Nifty 50, which fell 0.95% to 24,363.30.
