Up from a loss of Rs 944.61 crore the previous year, Tata Motors reported a net profit of Rs 3,764 crore for the fiscal quarter ended September 30. The net profit climbed by 17.5% from the previous quarter's Rs 3,202.80 crore. 

The company's total revenue from operations was Rs 1.05 trillion, up 32% from Rs 79,611.37 crore in the same time last year. In the previous quarter, total income was Rs 1.02 trillion. The income of Jaguar Land Rover climbed by 30.4 percent to 6.9 billion pounds. EBIT margins increased by 630 basis points (bps) to 7.3% as a result of strong wholesales and a better mix.

Commercial vehicle revenues increased by 22.3 percent, while EBIT increased by 560 basis points to 7.9 percent. According to the company, it benefited from greater realizations, a more diverse mix, and advantageous commodity prices. 

Revenue in the passenger vehicle (PV) category fell 3% owing to the transition to new launches, but EBIT margins increased by 140 basis points to 1.8% due to commodity cost savings.  The corporation stated that it is still hopeful about its success. 

The corporation stated that it is still hopeful about its success.  "We remain optimistic on demand despite external challenges and anticipate a moderate inflationary environment," it wrote in a regulatory filing. Due to a solid order book at JLR, strong demand for heavy trucks in commercial vehicles (CV), and exciting new generation products in passenger cars (PV), we expect to produce a higher performance in H2. Our financial performance is likely to improve further as a result of a more diverse portfolio, ongoing low-break-even in Jaguar Land Rover (JLR), execution of the demand-pull strategy in CV, and improved profitability in PV/EV."

"It is pleasing to see all the businesses deliver on their well-differentiated plans this quarter," said PB Balaji, Tata Motors' group chief financial officer. We are confident in maintaining this momentum with a solid product pipeline, a seasonally stronger H2, and a continuous focus on cash accretive growth."