Tata Motors Q2 Results Live Updates: Auto major likely to remain profitable; revenue growth seen at 33% YoY

livemint.com:

₹3,994 crore in the second quarter of FY24 led by lower commodity prices, operating leverage and volume ramp-up at Jaguar Land Rover (JLR), as per average estimates of six brokerages. The company’s India business performance was a mixed bag as commercial vehicle (CV) volumes grew 3.5% YoY while passenger vehicle (PV) volumes fell 3% YoY.

JLR volumes are expected to grow YoY due to easing chip shortage situation and continued traction in new models.Approximately 132 companies will release their September quarter results today. A handful of major companies that will be releasing their Q2 results include Adani Enterprises Ltd, Adani Power Ltd, Berger Paints India Ltd, Godrej Properties Ltd, Gujarat Gas Ltd, Indian Railway Finance Corporation Ltd, Tata Motors Ltd, Tata Motors Ltd - DVR, Suzlon Energy Ltd, and Dabur India Ltd.

Read hereTata Motors, the passenger cars and commercial vehicle manufacturer, is set to announce its financial results for the quarter ended September 2023 today. The automobile major is expected to remain profitable in Q2FY24 as against witnessing a net loss in the corresponding quarter of last fiscal.