Adani Enterp. 2510.10↓-23.95(-0.95%)
Adani Ports 736.10↓-1.40(-0.19%)
Apollo Hospitals 4576.45↓-64.00(-1.38%)
Asian Paints 3143.05↑5.65(0.18%)
Axis Bank 938.00↑8.20(0.88%)
B P C L 360.90↓-0.80(-0.22%)
Bajaj Auto 4597.40↓-21.10(-0.46%)
Bajaj Finance 7010.55↑78.50(1.13%)
Bajaj Finserv 1465.65↑16.10(1.11%)
Bharti Airtel 818.90↓-2.35(-0.29%)
Britannia Inds. 4575.00↓-0.25(-0.01%)
Cipla 960.50↑4.25(0.44%)
Coal India 244.35↓-1.75(-0.71%)
Divi's Lab. 3462.55↓-15.30(-0.44%)
Dr Reddy's Labs 4522.30↓-33.95(-0.75%)
Eicher Motors 3679.20↓-32.25(-0.87%)
Grasim Inds 1725.15↑11.85(0.69%)
H D F C 2696.90↑6.35(0.24%)
HCL Technologies 1136.05↑9.85(0.87%)
HDFC Bank 1639.00↑3.50(0.21%)
HDFC Life Insur. 583.55↑4.50(0.78%)
Hero Motocorp 2780.00↑3.10(0.11%)
Hind. Unilever 2657.00↑6.70(0.25%)
Hindalco Inds. 413.20↓-6.70(-1.60%)
ICICI Bank 949.60↑1.45(0.15%)
IndusInd Bank 1291.90↑6.95(0.54%)
Infosys 1321.85↑7.45(0.57%)
ITC 450.40↑1.30(0.29%)
JSW Steel 704.70↑2.50(0.36%)
Kotak Mah. Bank 1977.35↑24.15(1.24%)
Larsen & Toubro 2210.05↓-14.50(-0.65%)
M & M 1328.75↓-1.40(-0.11%)
Maruti Suzuki 9380.90↑47.40(0.51%)
Nestle India 21575.00↓-154.45(-0.71%)
NTPC 176.70↑0.40(0.23%)
O N G C 158.85↓-0.15(-0.09%)
Power Grid Corpn 235.10↑0.60(0.26%)
Reliance Industr 2519.75↓-0.85(-0.03%)
SBI Life Insuran 1216.00↓-2.10(-0.17%)
St Bk of India 592.75↓-2.25(-0.38%)
Sun Pharma.Inds. 958.95↓-9.50(-0.98%)
Tata Consumer 790.95↓-3.30(-0.42%)
Tata Motors 518.65↓-2.80(-0.54%)
Tata Steel 107.10↓-1.35(-1.24%)
TCS 3315.55↓-4.80(-0.14%)
Tech Mahindra 1099.90↓-14.15(-1.27%)
Titan Company 2804.85↓-7.40(-0.26%)
UltraTech Cem. 7900.00↑59.45(0.76%)
UPL 689.15↓-0.85(-0.12%)
Wipro 402.55↑2.75(0.69%)

Tata Motors turns the corner: Swings into profit after 7 quarters

Strong order book, improved chip supply and softening commodity prices major factors

Premium

4 min read Last Updated : Jan 25 2023 | 11:02 PM IST

After clocking losses for seven straight quarters, Tata Motors on Wednesday posted a consolidated net profit of Rs 3,043 crore in the third quarter (Q3) of 2022-23. This came on the back of a strong order book, better semiconductor chip supply, tempered commodity prices, and a better product mix.

“We remain cautiously optimistic about the demand situation, notwithstanding the global uncertainty. The chip supply is expected to improve further. Volumes will continue to ramp up steadily, particularly for Jaguar Land Rover (JLR),” Tata Motors Group Chief Financial Officer (CFO) P Balaji told reporters in a conference call.

About 67 per cent of Tata Motors’ total revenue comes from JLR.