Big jump of Tata Motors, the company became profitable after 21 months

Tata Motors has seen a net profit of Rs 3,043 crore in the third quarter of October-December of the current financial year 2022-23. The profit of the company has increased due to good sales of vehicles during the quarter.

Tata Motors

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Tata Motors is one of the largest companies in the Indian auto sector. Tata Motors Has taken a big leap. The company has released its quarterly results and has seen profit after 7 quarters i.e. 21 months. According to the company, good sales of the company’s vehicles have been seen during the quarter. Due to which the profit of the company has been seen. Let us also tell you that how much profit has been seen in the quarterly results of Tata Motors.

how much profit

Tata Motors has seen a net profit of Rs 3,043 crore in the third quarter of October-December of the current financial year 2022-23. The profit of the company has increased due to good sales of vehicles during the quarter. The company had a net loss of Rs 1,451 crore in the October-December quarter of the last financial year 2021-22.

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how much revenue increased

In the information sent to the stock markets, the company said that its total income during the quarter also increased to Rs 88,489 crore. It was Rs 72,229 crore in the same period of the last financial year. On a standalone basis, the company’s net profit more than doubled to Rs 506 crore during the period. It was Rs 176 crore in the same quarter a year ago. Tata Motors said that the revenue of Jaguar Land Rover, the British unit of the Tata group, increased by 28 percent to six billion pounds in the last December quarter.

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Tata Motors shares closed flat note

The company’s shares closed flat on Wednesday. According to the data, Tata Motors shares closed at Rs 419 per share, down 0.73 per cent or Rs 3.10. By the way, the company’s stock opened at Rs 423.20 today. During the trading session, the company’s stock also reached the day’s high of Rs 427. On the contrary, the company’s stock also went to the lower level of the day with Rs 417.70. The company’s stock had closed at Rs 422.10 a day earlier.