Automobile major Tata Motors posted an 11 per cent dip in net profit for the second quarter (Q2) this financial year to ₹3,343 crore as its revenue declined by 3.5 per cent to a little above ₹1.01 trillion on account of the company facing challenges on sales of electric vehicles (EVs) as well as small commercial vehicles (SCVs).
For the first half of the year, revenue growth was 1 per cent at about ₹2.09 trillion, while its net profit grew 28 per cent to ₹8,909 crore.
The stock was down 1.74 per cent on Friday to ₹805 as the company missed street estimates, which were expecting net profit of around ₹5,000 crore.
This story is from the November 09, 2024 edition of Business Standard.
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This story is from the November 09, 2024 edition of Business Standard.
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