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The company’s revenue from operations increased 1.8% to ₹1.13 lakh crore crore as against ₹1.11 lakh crore in the corresponding period of the preceding fiscal. The CNBC-TV18 poll had predicted revenue of ₹1.16 lakh crore for the quarter under review.
At the operating level, EBITDA fell 14.7% to ₹13,081 crore in the third quarter of this fiscal over ₹15,333 crore in the corresponding period in the previous fiscal. The CNBC-TV18 poll had predicted an EBITDA of ₹15,980 crore for the quarter under review.
EBITDA margin stood at 11.5% in the reporting quarter as compared to 13.9% in the corresponding period in the previous fiscal. EBITDA is earnings before interest, tax, depreciation, and amortisation. The CNBC-TV18 poll had predicted a margin of 13.7% for the quarter under review.Jaguar Land Rover
JLR achieved record Q3 revenue and its highest EBIT margin in a decade, marking its ninth consecutive profitable quarter. Revenue for the quarter stood at £7.5 billion, reflecting a 1.5% year-on-year (YoY) increase, while year-to-date (YTD) revenue remained flat at £21.2 billion.
Compared to Q2 FY25, revenue rose 16%, driven by higher wholesales following supply disruptions in the previous quarter. Profit before tax (before exceptional items) for Q3 was £523 million, down from £627 million a year ago, while YTD PBT (bei) increased 7% YoY to £1.6 billion.
EBIT margin improved by 20 basis points YoY to 9%, supported by higher volumes, an improved mix, and reduced depreciation and amortization (D&A) costs following the cessation of production at Castle Bromwich and internal combustion engine (ICE) end-of-life extensions. These gains were partially offset by higher variable marketing expenses (VME), increased warranty costs, and unfavorable foreign exchange revaluation.
JLR maintained a cash balance of £3.5 billion, with net debt at £1.1 billion and gross debt of £4.6 billion, bringing total liquidity to £5.1 billion, including a £1.6 billion undrawn revolving credit facility. Looking ahead, despite economic uncertainties, the company remains on track to achieve its FY25 targets, including an EBIT margin of at least 8.5% and a positive net cash position.
The results came after the close of the market hours. Shares of Tata Motors Ltd ended at ₹752.45, up by ₹24.00, or 3.29% on the BSE.
