Tata Motors Incredible Revenue, Profit Of Rs 3,000 Crore In Q3

Tata Motors Incredible Revenue, Profit of Rs 3,000 crore in Q3.

Like other companies, automaker Tata Motors has published quarterly reports. The company, which has come back once again, made a profit of Rs 3,043 crore in the third quarter of the fiscal year, Tata said.

This figure was Rs 145.1 billion in the October-December quarter of the previous financial year when Tata Motors posted a loss.

What do the numbers say? According to Tata Motors report, the company’s total revenue increased to Rs 88,489 crore between October and December compared to last year’s 72,229 crores.

Independently, Tata Motors reported a profit of Rs 506 crore for the third quarter compared to Rs 176 crore for the October-December 2021-2022 period. So this profit more than doubled.

Tata Motors Incredible Revenue: Strong Sales In The Market.

The company achieved tremendous sales in the third quarter of this year. Jaguar Land Rover (JLR) is the best-selling model of the year.

Jaguar Land Rover’s sales were up 28 percent over the same period last year to £6 billion.

At the same time, pre-tax profit for the third quarter was £265 million. A year ago that figure was £9 million, so the company is at a loss.

Tata Motors stock.

In the same month, JLR, a subsidiary of Tata Motors, was trading at Rs 413.30, up 6.12 percent after JLR released sales data.

Jaguar Land Rover, a subsidiary of Tata Motors, reported a 15% increase in wholesale sales in the third quarter, driven by strong demand and an increased supply of chips. Today, however, Tata Motors shares are down.

Hindenburg accuses Adani Group of fraud, the company said – conspiracy to defame.

India’s richest person Gautam Adani’s Adani Group has faced a big allegation.

Noted American activist investor Hindenburg Research has alleged that the Adani group was involved in stock manipulation and accounting fraud.

Hindenburg told that this thing has come to the fore after two years of an investigation report. On the other hand, Adani Group has termed the allegation as malicious, baseless, and one-sided.

According to the company, this has been done with the intention of destroying the shares of the company.

Let us inform you that this news has come when Adani Group company Adani Enterprises (Adani Enterprises) has a week left for its FPO.

 

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