Tata Motors Q3 Results: Profit falls 22% YoY to Rs 5,451 crore, misses estimates
Tata Motors' third-quarter profit missed the Street estimates by a wide margin as the bottom line fell 22% YoY to Rs 5,451 crore.
The profit was way below the ET Now poll estimates of Rs 6,791 crore.
However, the revenue from operations increased 3% YoY to Rs 1.13 lakh crore.
Consolidated EBITDA during the third quarter came in at Rs 15,500 crore, which is a strong increase over the preceding September quarter as supply-related challenges eased.
On a sequential basis, earnings improved substantially. The profit jumped 63% from Rs 3,343 crore posted in the second quarter.
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