Mumbai, January 29, 2025 – Tata Motors Ltd. (TML) has announced its financial results for the third quarter ending December 31, 2024. The company has demonstrated resilience and growth amidst easing supply challenges, showcasing strong performance across its various business segments. Here is the breakdown of Tata Motors q3 results 2025 the investors must be aware off.
Key Financial Highlights
- Consolidated Revenue: ₹113.6K Cr, up 2.7% YoY
- EBITDA: ₹15.5K Cr, representing 13.7% of revenue
- EBIT: ₹10.0K Cr, up 60 bps to 8.9%
- Net Profit: ₹5.6K Cr
- PBT (bei): ₹7.7K Cr, slightly down by ₹75 Cr
Segment Performance
Jaguar Land Rover (JLR)
JLR delivered a robust performance with record quarterly revenue and the highest EBIT margin in a decade. Key highlights include:
- Revenue: £7.5 billion, up 1.5% YoY
- EBITDA: 14.2%
- EBIT: 9.0%
- PBT (bei): £523 million
JLR’s performance was driven by higher volumes, improved mix, and a reduction in depreciation and amortization costs. The company also saw significant growth in its electrification efforts, with Range Rover plug-in electric hybrid sales growing by 163% year-on-year. The waiting list for the Range Rover Electric now stands at 57,000.
Tata Motors Share Price and Chart Today
Future Projections for JLR:
- JLR is on track to achieve its profitability and cash flow targets for FY25, with an EBIT margin of ≥8.5% and positive net cash.
- The company plans to launch the Range Rover Electric later this year and continues to invest in new special paint facilities to meet growing demand for vehicle personalization.
- JLR’s Reimagine strategy is progressing well, with milestones such as the reveal of the Jaguar Type 00 design vision and the Defender OCTA’s global press drive.
Tata Commercial Vehicles (CV)
Despite a decline in revenue due to lower volumes, the CV segment saw improved margins:
- Revenue: ₹18.4K Cr, down 8.4% YoY
- EBITDA: 12.4%, up 130 bps
- EBIT: 9.6%, up 100 bps
Tata Passenger Vehicles (PV)
The PV segment faced a slight decline in revenue but managed to improve its EBITDA margin:
- Revenue: ₹12.4K Cr, down 4.3% YoY
- EBITDA: 7.8%, up 120 bps
- EBIT: 1.7%
Strategic Initiatives and Future Outlook
Tata Motors continues to focus on innovation and sustainability. The company received the Automotive Production Linked Incentives (PLI) in December 2024, recognizing an income of ₹351 Cr. Looking ahead, Tata Motors expects domestic demand to improve gradually, driven by infrastructure spending, new product launches, and stable interest rates. JLR wholesales are also expected to improve in Q4 FY25, although the company remains cautious about the overall demand situation, particularly in China.
Leadership Insights
PB Balaji, Group CFO of Tata Motors, expressed confidence in the company’s fundamentals. He believes in Tata Motors’ ability to deliver strong performance despite external challenges. Girish Wagh, Executive Director of Tata Motors Ltd, highlighted the robust recovery in the HCV segment. He emphasized the company’s commitment to redefining the future of mobility with sustainable and intelligent solutions. Shailesh Chandra, Managing Director of TMPV and TPEM, emphasized the company’s agility. He is optimistic about leveraging new product demand and expanding market share.
Adrian Mardell, JLR Chief Executive Officer:
JLR has delivered a robust performance in the third quarter of our financial year. We achieved further milestones in our Reimagine strategy. Thanks to our people and partners, we achieved record revenue. We also recorded our best EBIT margin in a decade. Our electrification plans are progressing well. We revealed the beautiful, reimagined Jaguar design vision – Type 00 – in Miami. Later this year, we will launch the Range Rover Electric.
Girish Wagh, Executive Director Tata Motors Ltd:
In Q3 FY25, the HCV segment witnessed robust sequential recovery. However, YoY sales declined 9% due to limited growth in end-use segments. The ILMCV segment saw ~3% YoY growth. The passenger carrier segment experienced ~30% YoY growth. The SCV segment faced a marginal decline due to ongoing financing challenges.
The business delivered strong EBITDA and EBIT margins of 12.4% and 9.6%, respectively. This was achieved through cost control and reflecting the PLI incentive. At the Bharat Mobility Expo, we unveiled a bold new era in mobility.
We showcased 14 smart vehicles, all integrated with ADAS. We also presented 6 cutting-edge intelligent solutions that provide real-time performance insights and 4 advanced aggregates. With relentless innovation and agility, we will continue to redefine the future of mobility with sustainable, intelligent, and cutting-edge solutions.
Shailesh Chandra, Managing Director TMPV and TPEM:
In Q3 FY25, we recorded wholesales of 140K units, marking a 1.1% growth over Q3 FY24. Retail sales grew by 6% over Q3 FY24. This allowed us to sharply reduce our channel inventory ahead of Q4 FY25. In the EV segment, we registered 19% growth in the domestic personal segment.
However, our fleet volumes declined YoY due to the expiry of the FAME II subsidy. Our new product launches, including Curvv, Curvv.ev, Nexon CNG, and Nexon.ev 45, continue to see strong customer traction. Overall, in Q3 FY25, the business delivered resilient performance.
Volumes and profitability improved sequentially. At the Bharat Mobility Global Expo 2025, we unveiled our ‘Future of Mobility’ portfolio. This portfolio blends innovative design and smart engineering with a profound understanding of customer needs. Looking ahead, we remain agile and optimistic.
We aim to leverage the demand for our new products, expand our network, and focus on micro-markets to increase our volumes and market share.
Key Takeaways from Q3 FY25 Results
- Resilient Performance: Tata Motors demonstrated resilience with a 2.7% increase in consolidated revenue and improved margins across various segments.
- JLR’s Robust Growth: JLR achieved record quarterly revenue and the highest EBIT margin in a decade, driven by higher volumes and electrification efforts.
- Strategic Focus on Innovation: The company continues to invest in new technologies and sustainable solutions, with significant progress in its electrification strategy.
- Positive Future Outlook: Tata Motors is optimistic about future growth, expecting improved domestic demand and continued success in its new product launches.
Conclusion
Tata Motors’ Q3 FY25 results reflect the company’s resilience and strategic focus on growth and innovation. With a strong foundation and a forward-looking approach, Tata Motors is well-positioned to navigate the challenges and opportunities in the automotive industry.
