NIFTY 50 22,932.90 Down stock -12.40 (-0.05%)
NIFTY 100 23,368.55 up stock 37.15 (0.16%)
NIFTY 500 20,731.45 up stock 120.05 (0.58%)
NIFTY MIDCAP 50 14,162.75 up stock 166.00 (1.19%)
INDIA VIX 15.42 Down stock -0.25 (-1.56%)
NIFTY MIDCAP 150 18,644.90 up stock 269.05 (1.46%)
NIFTY SMALLCAP 50 7,509.05 up stock 163.05 (2.22%)
NIFTY BANK 49,570.10 up stock 482.80 (0.98%)
NIFTY AUTO 21,809.15 Down stock -9.75 (-0.04%)
NIFTY FMCG 52,360.45 Down stock -120.05 (-0.23%)
NIFTY IT 40,924.25 Down stock -540.10 (-1.30%)
NIFTY MEDIA 1,493.70 up stock 21.05 (1.43%)
NIFTY METAL 8,359.20 up stock 103.60 (1.25%)
NIFTY PHARMA 20,820.00 Down stock -149.20 (-0.71%)
NIFTY PRIVATE BANK 24,778.10 up stock 277.50 (1.13%)
NIFTY REALTY 845.95 up stock 13.90 (1.67%)
NIFTY OIL & GAS 10,045.60 up stock 73.55 (0.74%)
NIFTY COMMODITIES 7,839.00 up stock 57.15 (0.73%)
NIFTY ENERGY 31,198.50 up stock 349.45 (1.13%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)
NIFTY 50 22,932.90 Down stock -12.40 (-0.05%)
NIFTY 100 23,368.55 up stock 37.15 (0.16%)
NIFTY 500 20,731.45 up stock 120.05 (0.58%)
NIFTY MIDCAP 50 14,162.75 up stock 166.00 (1.19%)
INDIA VIX 15.42 Down stock -0.25 (-1.56%)
NIFTY MIDCAP 150 18,644.90 up stock 269.05 (1.46%)
NIFTY SMALLCAP 50 7,509.05 up stock 163.05 (2.22%)
NIFTY BANK 49,570.10 up stock 482.80 (0.98%)
NIFTY AUTO 21,809.15 Down stock -9.75 (-0.04%)
NIFTY FMCG 52,360.45 Down stock -120.05 (-0.23%)
NIFTY IT 40,924.25 Down stock -540.10 (-1.30%)
NIFTY MEDIA 1,493.70 up stock 21.05 (1.43%)
NIFTY METAL 8,359.20 up stock 103.60 (1.25%)
NIFTY PHARMA 20,820.00 Down stock -149.20 (-0.71%)
NIFTY PRIVATE BANK 24,778.10 up stock 277.50 (1.13%)
NIFTY REALTY 845.95 up stock 13.90 (1.67%)
NIFTY OIL & GAS 10,045.60 up stock 73.55 (0.74%)
NIFTY COMMODITIES 7,839.00 up stock 57.15 (0.73%)
NIFTY ENERGY 31,198.50 up stock 349.45 (1.13%)
LEADMINI 188 up stock 0.20 (0.11%)
ZINCMINI 261.25 up stock 0.25 (0.1%)
SILVERMIC 89730 up stock 72.00 (0.08%)
GOLDGUINEA 59188 up stock 50.00 (0.08%)
GOLDM 72900 up stock 28.00 (0.04%)
COTTONCNDY 56540 up stock 20.00 (0.04%)
SILVER 89675 up stock 29.00 (0.03%)
CRUDEOIL 6609 Down stock -237.00 (-3.46%)
NATURALGAS 177.5 Down stock -0.30 (-0.17%)
NATGASMINI 177.5 Down stock -0.30 (-0.17%)
MENTHAOIL 942.2 Down stock -1.20 (-0.13%)
ZINC 260.7 Down stock -0.25 (-0.1%)
ALUMINIUM 220.5 Down stock -0.20 (-0.09%)
LEAD 187 Down stock -0.10 (-0.05%)

Updated 13:23 IST, January 30th 2025

Tata Motors Q3 Results: Hits 14-Month Low, Demand Concerns For JLR - See Details

Following the disappointing results, investor confidence weakened, leading to the sharp decline in Tata Motors’ stock price.

Reported by: Business Desk
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Tata Motors
Tata Motors' plant | Image: Tata Motors

Tata Motors' shares dropped 9 per cent  to a 14-month low on Thursday after its third-quarter results raised concerns over the growth and margins of its luxury brand, Jaguar Land Rover (JLR). The stock was the biggest loser on both the Nifty 50 and Nifty Auto indices, with Nifty 50 trading 0.41 per cent  higher, while the auto index declined 0.3 per cent .


Tata Motors flagged weak demand in China for JLR but expressed optimism that sales would improve in the current quarter. However, analysts remain cautious. BofA Securities noted that JLR's growth and margins for FY26 remain uncertain, while Motilal Oswal pointed out that Tata Motors' 8.5 per cent  full-year margin target will be difficult to achieve. 

Other brokerages, including Jefferies, highlighted that JLR is struggling in China and Europe as consumers increasingly prefer cheaper local alternatives. Tata Motors stated it will closely monitor demand in these regions.


Tata Motors: JLR Profits Decline


JLR’s pre-tax profit fell 17 per cent  year-on-year to £523 million ($651 million). Since JLR accounts for 75 per cent  of Tata Motors' total pre-tax profit, this decline has significantly impacted overall earnings.


In the domestic market, Tata Motors' local car sales grew by just 1 per cent , lagging behind the industry average of 4.5 per cent . This slower growth adds further pressure on the company's performance.


Tata Motors: Q3 Results


Tata Motors reported a Q3 profit of ₹54.51 billion, which was well below analyst expectations of ₹67.42 billion. As a result, at least 10 brokerages cut their price targets, and five downgraded their ratings on the stock.


Following the disappointing results, investor confidence weakened, leading to the sharp decline in Tata Motors’ stock price. Exchange rates: $1 = ₹86.58, $1 = £0.8034.
 

Published 13:23 IST, January 30th 2025