Tata Motors surges despite reporting 10% fall in Q2 consolidated net profit
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Tata Motors is currently trading at Rs. 823.80, up by 18.10 points or 2.25% from its previous closing of Rs. 805.70 on the BSE.
The scrip opened at Rs. 800.05 and has touched a high and low of Rs. 831.20 and Rs. 791.70 respectively. So far 1485326 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1179.05 on 30-Jul-2024 and a 52 week low of Rs. 644.10 on 09-Nov-2023.
Last one week high and low of the scrip stood at Rs. 848.70 and Rs. 791.70 respectively. The current market cap of the company is Rs. 303148.08 crore.
The promoters holding in the company stood at 42.58%, while Institutions and Non-Institutions held 36.91% and 20.49% respectively.
Tata Motors has reported 62.44% fall in its net profit at Rs 477 crore for second quarter ended September 30, 2024 (Q2FY25) as compared to Rs 1,270 crore for the same quarter in the previous year. Total income of the company decreased by 17.31% at Rs 15,812 crore for Q2FY25 as compared to Rs 19,122 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported fall of 9.97% in net profit at Rs 3,450 crore for Q2FY25 as compared to Rs 3,832 crore for the same quarter in the previous year. Total income of the company decreased by 3.51% at Rs 103,016 crore for Q2FY25 as compared to Rs 106,759 crore for the corresponding quarter previous year.
