Total revenue from operations jumped 24.96% YoY to Rs 11,05,77.14 crore in the quarter ended 31 December 2023.

The company’s profit before tax stood at Rs 7,493.96 crore in Q3 FY24, steeply higher than Rs 3202.61 crore posted in corresponding quarter last year.

EBITDA for the period under review jumped 60.58% to Rs 15,822 crore as against Rs 9,853 crore posted in same quarter last year. EBITDA margin to 11.1% in Q3 FY24 as compared to 8.4% reported in Q3 FY23. EBIT margin increased to 8.3%, up 390 bps on YoY basis.

The growth in total revenue and EBIT was driven by all automotive verticals continuing their profitable growth trajectory.

Going forward, Tata Motors remain positive on all three auto businesses. It expects the performance to further improve in Q4 on account of...

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