(Reuters) -Indian carmaker Tata Motors reported third-quarter profit below market expectations on Wednesday, weighed down by weakness in its luxury Jaguar Land Rover (JLR) business and as car sales slowed down at home.

Tata Motors Ltd on Wednesday (January 29) reported a 22.5% year-on-year (YoY) decline in net profit at ₹5,451 crore for the third quarter that ended on December 31, 2024. In the corresponding quarter of the previous fiscal,

Tata Motors has reported a massive 22% year-on-year drop in its consolidated net profit for the third quarter of FY25. The company's net profit stood at ₹5,451 crore, missing analysts' estimates. The downturn is attributed to weaker margins and slowdown in Jaguar Land Rover (JLR) sales.

India's Tata Motors reported a 22% drop in third-quarter profit on Wednesday, significantly missing analyst estimates, hurt by weak performance at its Jaguar Land Rover (JLR) and domestic car businesses.

Results: The maker of Nexon EV and Jaguar Land Rover luxury cars was expected to report a 7 percent on-year fall in net profit on weaker margins and subdued JLR volumes.

Tata Motors sees a 22% drop in Q3 net profit to Rs 5,578 crore, despite revenue growth in operations. Jaguar Land Rover posts record revenue.

Tata Motors on Wednesday reported a 22 per cent decline in its net profit for the third quarter (Q3) of FY25 at Rs 5,451 crore, down from Rs 7,025 crore in the same period last fiscal.

Tata Motors on Wednesday reported a 22 per cent fall in consolidated net profit to Rs 5,578 crore for the third quarter ended December 2024, impacted by a decline in revenue from its passenger and com

Results: Profit fell short of ET Now's estimate of Rs 6,791 crore, while revenue rose 3% YoY to Rs 1.13 lakh crore. Consolidated EBITDA rose to Rs 15,500 crore, driven by easing supply challenges. CV revenues fell 8.

For the quarter under review, Tata Motor’s profit after tax (PAT) stood at Rs 5,578 crore, down from Rs 7,145 crore in the year-ago period. It rose, however, on a sequential basis. Chief Financial Officer PB Balaji said that the performance of all businesses improved sequentially in Q5 FY25.