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

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

Deepak Patel New Delhi
Tata Motors

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.

Also Read

Jaguar Land Rover reports 5.9% jump in retail sales in Q3, wholesale up 15%

Tata Motors to delist ADS, net loss in second qtr narrows to Rs 945 crore

Tata Motors dips 3% as Jaguar Land Rover CEO Thierry Bollore resigns

Volume recovery, margins key to Jaguar Land Rover taking the wheel

Tata Motors Q3 preview: What to expect from auto major's quarterly results?

Ceat reports Rs 35 crore net profit in Q3, total income increases

Amara Raja Batteries Q3 net profit rises 53% to Rs 222 cr, total income up

Jindal Saw Q3 PAT rises manifold to Rs 143 cr, revenue from operationss up

Blue Dart Express Q3 net profit falls 28.2% on back of higher expenses

Domestic demand drives Bajaj Auto's small profit growth; net up by 3%

First Published: Jan 25 2023 | 9:26 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to