From The Economic Times · Shally Mohile · · 1m
Tata Motors Q2 Profit Surges
Tata Motors reports Rs 2,138 crore Q2 profit, beating estimates.
In brief
Tata Motors reports Rs 2,138 crore Q2 profit, beating estimates. Tata Motors' commercial vehicle business posted a Rs 2,138 crore standalone net profit for Q2, exceeding analyst expectations. Originally reported by The Economic Times.
Q2 Profit Report
Tata Motors' commercial vehicle business reported a better-than-expected standalone net profit for the September quarter.
Profit Figures
The company posted a standalone net profit of ₹2,138 crore for the second quarter, compared with a loss of ₹1,021 crore a year earlier.
Analyst Expectations
The average of analyst estimates compiled by Bloomberg was for a net profit of Rs 1933.5 crore.
Revenue Growth
Revenue from operations rose 42% to ₹23,930 crore, driven by improved fleet utilisation and stronger goods movement.
Management Outlook
Girish Wagh expects second-half growth to moderate but industry should end FY27 with double-digit growth.
Cash Position
The company generated free cash flow of ₹4,606 crore, taking net cash position to ₹11,300 crore.
The main idea
Tata Motors' commercial vehicle business posted a Rs 2,138 crore standalone net profit for Q2, exceeding analyst expectations.
