The company's revenue dropped by 3.5 per cent year-on-year to Rs 1,01,450 crore, while EBITDA stood at Rs 11,736 crore.
The EBITDA margin was recorded at 11.6 per cent, down by 230 basis points for the second quarter.
The revenue decline of 3.5 per cent reflects a challenging second quarter for 2024.
"Growth in the quarter was impacted due to significant external challenges, as highlighted earlier. Overall, the business fundamentals remain strong, and we remain focused on our agenda of driving growth, competitiveness, and free cash flows. As supply challenges ease and demand picks up, we are confident of steady improvement in our performance and delivering a strong H2," said PB Balaji, Group Chief Financial Officer, Tata Motors.
This story is from the November 10, 2024 edition of The Business Guardian.
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This story is from the November 10, 2024 edition of The Business Guardian.
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