TMCV · Capital Goods
Tata Motors Ltd. reported revenue of ₹18,819 cr for October to December 2024, — on the year and +7.3% on the quarter.
Operating profit (EBITDA) was ₹2,033 cr, a margin of 10.8%, — on the year and +107 bps on the quarter.
Net profit was ₹1,355 cr, — on the year and +172.1% on the quarter.
Capital goods and EPC revenue follows project execution, which makes quarters uneven; the order book and new orders tell more about the year than one quarter does. The quarterly statements do not carry the order book, new orders and working capital; those come with the filing read.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
| Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹17,535 cr | ₹18,819 cr | ₹21,863 cr | ₹17,324 cr | ₹18,585 cr | ₹21,847 cr | ₹26,098 cr | ₹20,667 cr |
| YoY | — | — | — | — | +6% | +16% | +19% | +19% |
| EBITDA margin | 9.7% | 10.8% | 11.1% | 12.0% | 10.9% | 11.8% | 12.7% | 15.8% |
| Other income, % of PBT | 21% | 27% | 5% | 20% | — | −106% | −1% | 11% |
| Exceptional items | — | — | — | — | — | — | — | — |
| Tax rate | 48% | 12% | 16% | 17% | — | 24% | 32% | 14% |
| Net profit | ₹498 cr | ₹1,355 cr | ₹1,340 cr | ₹1,397 cr | −₹867 cr | ₹705 cr | ₹1,793 cr | ₹2,556 cr |
| YoY | — | — | — | — | −274% | −48% | +34% | +83% |
| Core profit YoY | — | — | — | — | +72% | +70% | +74% | +96% |
| EPS | — | — | — | — | — | ₹1.91 | ₹4.87 | ₹6.95 |
| Flags | · | · | 1 | · | 2 | 1 | 1 | 1 |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Tata Motors Ltd. reported revenue of ₹18,819 cr (— on the year) and net profit of ₹1,355 cr (— on the year) for October to December 2024.
None of the 2 checks that could run raised a question.
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