Tata Motors Passenger Vehicles · NSE: TMPV · BSE: 500570

Q2 FY24 results · Jul–Sep 2023

Tata Motors Passenger Vehicles reported revenue from operations of ₹1,05,128.24 crore (up 32.1% from Q2 FY23) and net profit of ₹3,832.08 crore for Q2 FY24 (Jul–Sep 2023), on a consolidated basis.

Consolidated · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	1,05,128.24	79,611.37	+32.1%	1,02,236.08	+2.8%
Other income	1,630.74	1,038.51	+57.0%	1,360.54	+19.9%
Total income	1,06,758.98	80,649.88	+32.4%	1,03,596.62	+3.1%
Profit before share of associates & JVs and tax	5,985.88	(1,461.15)	Turned profit	4,652.71	+28.7%
Share of profit/(loss) of associates & JVs	49.04	105.72		210.95
Net profit for the period	3,832.08	(898.35)	Turned profit	3,300.65	+16.1%
Attributable to shareholders of the company	3,764.00	(944.61)	Turned profit	3,202.80	+17.5%
EPS, basic (₹)	9.81	(2.47)	Turned profit	8.35	+17.5%
Net margin (%)	3.6	-1.1		3.2

This company reports a share of profit/(loss) from associates and joint ventures. BSE’s filing format records that share after tax, so it is shown on its own line. The company’s own statement may add it before its “profit before tax” line.

Standalone · ₹ crore
Item	Q2 FY24	Q2 FY23	YoY	Q1 FY24	QoQ
Revenue from operations	18,541.70	14,946.78	+24.1%	15,832.57	+17.1%
Other income	579.81	195.06	+197.2%	299.08	+93.9%
Total income	19,121.51	15,141.84	+26.3%	16,131.65	+18.5%
Profit before tax	1,417.26	(251.59)	Turned profit	21.81	65x
Net profit for the period	1,269.64	(292.59)	Turned profit	(64.04)	Turned profit
EPS, basic (₹)	3.30	(0.76)	Turned profit	(0.17)	Turned profit
Net margin (%)	6.8	-2.0		-0.4

Consolidated

Filed with BSE: 03 Nov 2023, 13:07 IST
Board meeting: 02 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Unaudited
Source: XBRL filing on BSE

Standalone

Filed with BSE: 03 Nov 2023, 13:07 IST
Board meeting: 02 Nov 2023
Period: 01 Jul 2023 to 30 Sep 2023
Review status: Audited
Source: XBRL filing on BSE