Tata Motors' Q2FY24 Financial Performance Review

In this financial performance review, we delve into the results of Tata Motors for Q2FY24 and analyze key metrics, including revenue, expenses, net profit, and margin.


ParticularsQ2FY23YoY (% change)Q1FY24QoQ (% change)Q2FY24
Total Income (₹crs.)80,64932.371,03,5963.051,06,758
Expenses (₹crs.)82,42322.1198,2662.431,00,649
Net Profit (₹crs.)-1,004476.793,08922.473,783
Margin (%)-1.244.792.980.563.54


Tata Motors reported a total income of ₹1,06,758 crores in Q2FY24, reflecting a notable increase of 3.05% sequentially. On a year-on-year (YoY) basis, there was a substantial growth of 32.37% from ₹80,649 crores.


The company's total expenses for Q2FY24 amounted to ₹1,00,649 crores, indicating a moderate increase of 2.43% compared to the expenses in the preceding quarter. On a YoY basis, expenses increased by 22.11% from ₹82,423 crores in Q2FY23.


Tata Motors reported a net profit of ₹3,783 crores, showing significant growth of 22.47% compared to Q1FY24. On a YoY basis, the company displayed an impressive turnaround from a net loss of ₹1,004 crores in Q2FY23 to a substantial net profit.


The margin in Q2FY24 was 3.54%, representing a QoQ increase of 0.56% and  a YoY increase of 4.79%.


In conclusion, Tata Motors' financial performance in the second quarter of fiscal year 2024 reflects significant revenue growth and an impressive turnaround in net profit. The company managed to enhance its margins and significantly improve profitability on a YoY basis.


Stay tuned for more updates on upcoming financial performances.

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