London, January 29, 2025, (Oilandgaspress) –––Tata Motors Consolidated Q3 FY25 Results
For Q3 FY25, TML delivered revenues of ₹113.6K Cr (up 2.7%), EBITDA at ₹15.5K Cr (13.7%, down 60bps) and EBIT of ₹10.0K Cr (8.9%, up 60bps), witnessing strong improvement over Q2 FY25 as supply challenges eased. PBT (bei) for Q3 FY25 stood at ₹7.7K Cr, down ₹75 Cr while Net Profit was ₹5.6K Cr. For YTD FY25, the business reported a strong PBT (bei) of ₹22.3K Cr, an improvement of ₹2.8K Cr over the previous year.
JLR delivered a robust performance in Q3 FY25 with record quarterly revenue, highest EBIT margin in a decade and a ninth successive profitable quarter. CV revenues declined on account of lower volumes and mix, however EBITDA margins improved to 12.4% (up 130 bps) primarily reflecting material cost saving and the impact of PLI incentive. PV revenues were down 4.3% however EBITDA margin was up by 120 bps at 7.8% due to cost controls and PLI incentive.
The company received sanction of Automotive Production Linked Incentives (PLI) in December 2024. Accordingly, an income of ₹351 Cr has been recognized.
Tata Motors Ltd. (TML) announced its results for quarter ending December 31, 2024.
| Consolidated (₹ Cr Ind AS) |
Jaguar Land Rover (£m, IFRS) |
Tata Commercial Vehicles (₹Cr, Ind AS) | Tata Passenger Vehicles (₹Cr, Ind AS) | ||||||
|---|---|---|---|---|---|---|---|---|---|
| FY25 | Vs. PY | FY25 | Vs. PY | FY25 | Vs. PY | FY25 | Vs. PY | ||
| Q3 FY25 | Revenue | 1,13,575 | 2.7% | 7,486 | 1.5% | 18,431 | (8.4)% | 12,354 | (4.3)% |
| EBITDA (%) | 13.7% | (60) bps | 14.2% | (200) bps | 12.4% | 130 bps | 7.8% | 120 bps | |
| EBIT (%) | 8.9% | 60 bps | 9.0% | 20 bps | 9.6% | 100 bps | 1.7% | (40) bps | |
| PBT (bei) | 7,700 | ₹(75) Cr | 523 | £ (103) mn | 1,726 | ₹70 Cr | 292 | ₹(116) Cr | |
| YTD FY25 | Revenue | 3,23,074 | 1.6% | 21,234 | 0.5% | 53,568 | (6.4)% | 35,902 | (5.3)% |
| EBITDA (%) | 13.2% | (90) bps | 14.0% | (180) bps | 11.6% | 120 bps | 6.6% | 50 bps | |
| EBIT (%) | 7.7% | (20) bps | 7.8% | (50) bps | 8.8% | 110 bps | 0.7% | (90) bps | |
| PBT (bei) | 22,296 | ₹2,821 Cr | 1,614 | £ 110 mn | 4,575 | ₹456 Cr | 694 | ₹ (196) Cr | |
JLR Highlights
Q3 FY25 Revenue at £7.5 billion (+1.5%), EBITDA 14.2% (-200 bps), EBIT 9.0% (+20 bps), PBT (bei) £523 million
YTD FY25 Revenue at £21.2 billion (flat), EBITDA 14.0% (-180 bps), EBIT 7.8% (-50 bps), PBT (bei) £1,614 million
JLR delivered a robust third quarter in FY25, with record Q3 revenue, the highest EBIT margin in a decade and a ninth successive profitable quarter
Cash balance was £3.5 billion and net debt £1.1 billion, with gross debt of £4.6 billion
Total liquidity was £5.1 billion, including the £1.6 billion undrawn revolving credit facility
Tata Motors Ltd Highlights
Q3 FY25 revenue at ₹18.4K Cr (-8.4%), EBITDA 12.4% (+130 bps), EBIT 9.6% (+100 bps), PBT (bei) ₹1.7K Cr.
YTD FY25 revenue at ₹53.6K Cr (-6.4%), EBITDA 11.6% (+120 bps), EBIT 8.8% (+110 bps), PBT (bei) ₹4.6K Cr.
Domestic Vahan market share at 37.7% for YTD FY25. HGV+HMV 49.1%, MGV 38.4%, LGV 31.2%, Passenger 38.0%.
HCV, ILMCV and Passenger Carriers continue to perform better than industry. Work underway on improving SCV competitiveness
ACE EV volumes witnessed 26% growth, with launch of new value proposition in post FAME2 incentives scenario.
50+ product variants introduced in Q3 FY25.
TMPV and TPEM Highlights
Q3 FY25 revenue at ₹12.4K Cr, (-4.3%), EBITDA 7.8% (+120 bps), EBIT 1.7% (-40 bps), PBT (bei) ₹0.3K Cr.
YTD FY25 revenue at ₹35.9K Cr, (-5.3%), EBITDA 6.6% (+50 bps), EBIT 0.7% (-90 bps), PBT (bei) ₹0.7K Cr.
VAHAN registration market share at 13.3% in YTD FY25.
EV market share at 61% in YTD FY25.
Alternative powertrains continue to grow. EV penetration at 11%, CNG at 24% in YTD FY25.
Punch sold over 200,000 units to emerge as the highest selling car model in India in CY24.
Introduced the 2025 Tiago, Tiago.ev, and Tigor with New Tech, New Design and New colours.
With over 2 lakh Tata EVs already covering more than 5bn kilometers, eliminated 700,000 tonnes of CO2 emission.
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