Net profit of this Tata Group company fell by 9.9%, share price also continues to fall

Tata Group’s automobile company Tata Motors released its financial results on Friday. Releasing the results for the second quarter of the financial year 2024-25, Tata Motors said that the company’s net profit has declined by 9.9 percent. Due to this decline, the net profit of Tata Motors in the second quarter came down to Rs 3450 crore. Let us tell you that in the second quarter of the last financial year, the net profit of Tata Motors was Rs 3832 crore.

There was also a decline in the operational income of the company.

Tata Motors said in an exchange filing on Friday that its operational income has also declined in the second quarter (July-September) of the current financial year. The company’s operational income in the second quarter was Rs 1,00,534 crore, which was Rs 1,04,444 crore in the second quarter of the previous financial year. The company’s total expenditure in the September quarter was Rs 97,330 crore, which was Rs 1,00,649 crore in the same quarter of the previous financial year.

Jaguar-Land Rover’s revenue also declined.

Tata Motors said Jaguar-Land Rover’s revenue also fell 5.6 percent to 6.5 billion pounds in the second quarter. The company said its profit was affected due to a temporary disruption in aluminum supply and the ban on 6,029 vehicles for additional quality control checks.

The decline in Tata Motors shares continued today.

Let us tell you that the decline in Tata Motors shares that has been continuing for the last few days continues today as well. On Friday, Tata Motors shares closed at Rs 805.70 with a decline of Rs 14.10 (1.72%). After today’s decline, the difference between the current price of Tata Motors shares and its 52-week high has increased further. The 52-week high of the company’s shares is Rs 1179.05 and the 52-week low is Rs 642.65.