Passenger and commercial vehicle major Tata Motors on Wednesday posted a 22.4 per cent year-on-year (Y-o-Y) decline in net profit to Rs 5,451 crore for the third quarter of FY25 on muted revenue growth of 2.7 per cent to Rs 1,13,575 crore.

Consolidated net profit of India’s largest automaker by revenue fell 22% year-on-year to Rs 5,451 crore even as revenue rose 2.7% to Rs 1,13,575 crore.

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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.

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.

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,