Tata Motors Q3 Results 2024 results will be announced in January 2024. Currently, Tata Motors’ share price is Rs. 705.95. The share price fell by 3% on Wednesday. We will share details about Tata Motors Q3 results FY24. Currently, the Tata Motors share is constantly maintaining its price above ₹700 which may rise if the result goes on the positive side. Let us explore more about Tata Motors Q3 results 2024 and expectations. The NSE-listed company is increasing its income every quarter. The company’s overall performance is said to be satisfactory.
Tata Motors Q3 Results 2024 Earnings, Net Profit, Sales Growth And Dividend
Tata Motors Limited’s Q3 2023 results were profitable quarterly and yearly. The quarter had a net profit of 3043.15 crores from the loss in Q2 of 898.35 crores. The YOY EPS was 7.71. The quarter-third impressed everyone. The company was able to make a quick recovery from its losses. As Tata Motors was going in loss from the last two quarters in FY 2023, it recovered with impressive figures in Q3 2023.
If we talk about the Tata Motors Q3 results 2024, it had an increase in income and expense. The company was profitable in the quarter with an EPS of 9.9. The company also took the target to reduce 1 billion pounds of net debt in JLR in FY 2024. The stock grew 300% in the last five years. There have been debates about the stock’s capacity to hit 1500% growth as well. Tata Motors deals in commercial, passenger, JLR, EV, and vehicle financing. The company can increase the EBITDA margin of JLR. Tata Motors SUVs are said to be on the top. They are playing on the top.
Tata Motors ROE is also growing with ROC. If we talk about debt-equity ratios, it is 0.84. The company is working on reducing its debt. Tata Motors is currently booming in the EV market. It brought the RV revolution in India. However, its commercial vehicle use decreased by 3% in the last few months compared to Mahindra.
Tata Motors will issue the Q3 FY 2024 statements by the first week of January. The expectations in statements are high for the quarter. There can be growth in the profits as well. The company has managed to come back to profit shortly. It has a high chance to double their profits. Apart from that, the company can expect a reduction in net debt. We hope you get enough details about Tata Motors Limited’s Q3 FY 2024 expected returns.