Tata Motors share price declined 8% in the morning trade on Thursday following the automaker’s Q3 results wherein it reported a double-digit fall in profit.

Tata Motors shares rise 2% as Q3 earnings approach. Discover 4 key factors affecting its growth. Tune in to the results today!

Indian carmaker Tata Motors fell more than 7% in early trade on Thursday after reporting a bigger-than-expected drop in quarterly profit, which pushed a slew of brokerages to slash price targets on the stock.

The homegrown auto player is set to announce its results for the period ended on December 31, 2024 later today.

India's Tata Motors reported a 22 per cent drop in third-quarter profit on Wednesday, significantly missing analyst estimates, hurt by weak performance at its Jaguar Land Rover (JLR) and domestic car businesses. The company's profit fell to Rs 5,451 crore ($630 million) in the quarter from Rs 7,025 crore a year before.

Tata Motors reported a 22.5% decline in consolidated net profit for Q3 FY25, totaling ₹5,578 crore. Despite strong performance in the JLR segment, overall margins decreased. Revenue from operations rose by 2.

Tata Motors reported earnings for the December 2024 quarter, which missed estimates. This prompted global brokerage firm Jefferies to downgraded Tata Motors stock to "underperform" from its earlier rating of "buy".

Tata Motors has reported a massive 22% year-on-year drop in its consolidated net profit for the third quarter of FY25. The company's net profit stood at ₹5,451 crore, missing analysts' estimates. The downturn is attributed to weaker margins and slowdown in Jaguar Land Rover (JLR) sales.

(Reuters) -Indian carmaker Tata Motors' shares plummeted about 9% to a 14-month low on Thursday, after its third-quarter results set off growth and margin concerns for its luxury Jaguar Land Rover (JLR) segment.