Tata Motors on Friday reported a 63% decline in its Q1 consolidated net profit to Rs 3,924 crore, compared to Rs 10,514 crore in the year-ago period.
The profit attributable to shareholders was higher than Street estimates of Rs 3,408 crore.
The company’s total revenue from operations stood at Rs 1.04 lakh crore, down 0.3% from Rs 1.07 lakh crore reported in the corresponding quarter of the previous financial year.
The company said the demand environment is expected to remain challenging, and Tata Motors will focus on strengthening business fundamentals while mitigating tariff impacts through brand leverage, an improved product mix, and targeted actions to enhance contribution margins.
