The net profit witnessed a significant increase of 22.46%, reaching Rs 3,783 crore during the September quarter, compared to Rs 3,089 crore in the previous quarter. The company’s revenue for the same period amounted to Rs 104,443 crore, marking a substantial growth from Rs 78,846 crore in the corresponding period of the previous year.
Tata Motors Ltd (TML), a leading automobile manufacturer, has reported a profit of Rs 3,783 crore for the quarter ending in September 2023, a notable turnaround from the loss of Rs 1,004 crore in the corresponding period of the previous year. This achievement reflects a 22.46% increase in net profit compared to the March quarter, where it stood at Rs 3,089 crore. Additionally, the company’s revenue for the September quarter reached Rs 104,443 crore, a substantial growth when contrasted with the Rs 78,846 crore recorded in the same period the previous year.