Tata Motors’ shares are expected to attract attention on Monday after the company shared its sales results for November 2024. Overall, Tata Motors sold 74,753 vehicles this month, which is a small increase from 74,172 vehicles sold in November last year. Domestic sales rose by 1%, reaching 73,246 units compared to 72,647 units in November 2023.
Passenger vehicle sales, including electric cars (EVs), saw a 2% rise to 47,117 units, up from 46,143 units a year ago. Domestic passenger vehicle sales, which also include EVs, increased by 2% to 47,063 units from 46,068 units last year.
On the other hand, total sales of commercial vehicles went down by 1%, totaling 27,636 units compared to 28,029 units the previous year.
In the second quarter of Fiscal Year 2025, Tata Motors reported a net profit of Rs 3,343 crore, which is 11.18% lower than last year. The company’s revenue also dropped by 3.5%, reaching Rs 101,450 crore.
The revenue for Jaguar Land Rover (JLR) decreased by 5.6% to £6.5 billion because of temporary supply issues. This also caused the company’s profit margins to fall by 220 basis points to 5.1%. For commercial vehicles, revenue fell by 13.9%, but the profit margin improved to 10.8% because of better pricing and lower material costs. For passenger vehicles, revenue dropped by 3.9%, but the profit margin remained steady at 6.2% due to cost-saving measures and better sales mix.
On Friday, Tata Motors’ shares closed at Rs 786.80, increasing by 0.9%. This was better than the Sensex index, which went up by 0.96%. Despite a drop of 30% in the last three months, the stock has grown by 82% over the last two years. Tata Motors has a market cap of Rs 2,89,638 crore.
(Disclaimer: The opinions shared here are those of the experts and do not reflect the views of NiftyStat.)
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