Tata Motors Q2 Results Live : Tata Motors declared their Q2 results on 08 Nov, 2024, reporting a topline decrease of 3.5% year-over-year (YoY) and a profit decline of 11.18% YoY. Compared to the previous quarter, revenue saw a notable decline of 6.11%, while profit dropped significantly by 39.94%.

Tata Motors' shares rose 2% despite a lower-than-expected 11.18% YoY drop in Q2 profit, reaching Rs 3,343 crore. The company attributed the decline to external challenges impacting growth. Despite this,

Tata Motors is confident about its JLR outlook and considering tthis brokerages remain positive on the stock but have slashed target price.

Tata Motors, India's largest electric vehicle manufacturer, reported a weak set of numbers for the second quarter, completely missing expert estimates. The company's net profit fell 11 percent on-year to Rs 3,343 crore, driven by a weak performance at its Jaguar Land Rover (JLR) unit and in its commercial vehicles segment.

Tata Motors shares are on the radar of brokerages after Q2 FY2024-25 results. During Monday's trade, the top Tata stock traded higher by 2.25 per cent at Rs 824 apiece around noon with 1.74 crore equities changing hands.

Shares of Tata Motors ended lower on Friday. The stock fell 1.72% at Rs 805.70 on BSE. The earnings were announced after market hours.

The business performance of Tata Motors (TML; CMP: Rs 805.70; Market cap: Rs 2.96 lakh crore; Rating: Equal-weight) in Q2 FY25 was below Street expectations because of demand weakness faced by the company.

The primary reason for the weak performance was a dip in the margins of Jaguar Land Rover (JLR), Tata Motors’ luxury vehicle division. Analysts believe that these challenges are temporary, and expect improvements in the second half of FY25 as JLR's margin pressures begin to ease.