Tata Motors consolidated net profit at INR 3800 cr
Tata Motors clocked a consolidated net profit of around INR 3800 crore in Q2FY24 even as its revenue jumped 32% to INR 105128 crore. The company’s EBITDA at INR 14400 crore was up 86.4% as its auto verticals were on a profitable growth path. Net automotive debt reduced to INR 38700 crore. The company management indicated that H2 will see improved performance as EV battery prices climb down and new product launches drive sales growth. Tata CV revenue was up more than 22% at INR 20100 crore.
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