Tata Motors' Q1 Results: Profit Up 74% but Stock Drops 5%

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[{"selector":"#anim-26b5e5b9-e970-4b7e-8e03-8d2a29109f8a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-478ca562-3041-4f25-a0dd-baa1b0d8e526 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ab168bfa-4ae7-462f-bacf-096ad7423601","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-5902b01d-a959-4813-9e63-9c2daee884ef","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a94fd02a-a279-4bdd-9751-f0597c57d9e5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-54a78d88-a70b-45e1-be68-b56064105d6f","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] EBITDA rose 19% YoY to Rs 15,785 crore, with margins improving to 14.6%. White Frame Corner White Frame Corner

[{"selector":"#anim-0a4e093f-a3a9-4693-b7e8-785f00740e7a","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-c5cee441-461e-4474-867c-daebd0c92582 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(-1.396895799422449%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-888e8be0-5ced-4eb9-a1a2-8040dd8905c6","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-942f0d4a-4e5a-47e4-bdab-132815f15bf0","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a7bde090-5063-48ee-9191-1dcc400b3b82","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-539932f4-0c1e-463d-be80-cb57a21e5f7f","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tata Motors reported a tax expense of Rs 3,178 crore in Q1FY25. White Frame Corner White Frame Corner

[{"selector":"#anim-8afeab2f-3e7a-4f26-a89c-f3751d6bea79","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-234511b2-62aa-404e-b7a8-0f876f1a92ef [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-9541d205-d084-439d-897b-aa360ced112d","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e7fb3292-a6eb-44ec-b420-854922e14fd4","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b24de37a-749b-40fe-8505-8232f2dc9740","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-2c9a7980-1e6f-4b58-99b6-9745e9e21b14","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] JLR division’s revenue increased 5.4% YoY to £7.3 billion. White Frame Corner White Frame Corner

[{"selector":"#anim-071252e3-5438-4140-9b4c-ba0773b0b8d7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-9e318671-2297-4be0-b84c-ae78a3ed0926 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-5e2892c4-6f27-44c0-8e7d-598605cf83b7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-24b946a9-528a-4ab8-894f-42460f0be1ba","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-68658af4-44d9-4db9-94b1-736190cf1a22","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6c73252e-1efb-4142-a897-14da19dd8c41","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] JLR's EBITDA margin slipped to 15.8%, but EBIT margin rose to 8.9%. White Frame Corner White Frame Corner

[{"selector":"#anim-69f8779b-1a01-4bf2-9308-3e7a13dde1a3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-604d95f2-aba2-47a4-9342-8a84d895f745 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-cd31650f-ae80-4002-9fe2-02df2bacc561","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6c98805-f029-413c-a0c9-bc7d8b6bc365","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6e119533-ae76-4e92-8fb9-3634d52fa448","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-758e94f5-50d8-4203-b955-759ca25c91c9","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tata Motors announced a demerger into two separate listed companies within 12-15 months. White Frame Corner White Frame Corner

[{"selector":"#anim-4d74c35f-1a8d-45fa-b352-3fa06b6430d5","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4d388dd8-a8c8-4d48-9bf3-570b156c08d1 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-f458f68d-0c09-49bf-9299-f3015b1771d8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-818c87fb-e73b-4522-b304-0b98aeb5071a","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-46a8a2fb-c6b4-46af-a939-54c3acaa95f8","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ceac5a22-ac71-431f-8766-e32c73e5af10","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tata Motors stock fell 4.76% to Rs 1,090.05 per share, making it the top loser on BSE. White Frame Corner White Frame Corner

[{"selector":"#anim-bd558c00-4ae4-4fa3-8809-af7a16d2c3b3","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f79c279f-905c-4f8b-ba15-96acdf76fd8d [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-ddb8f88c-d012-40b8-9bad-66175e2e7c2e","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-03a0e98a-ac2e-42a3-ae86-12a884749c6e","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4ff8d105-bf6f-4da2-beb8-61c41ee12fe7","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6b0add5d-e108-4bb5-ac68-98c3219ea4ef","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Emkay notes Tata Motors’ Q1 performance was in line with expectations, revising the target price to Rs 1,175. White Frame Corner White Frame Corner

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[{"selector":"#anim-27ff790f-c01e-46cf-beb0-7b6c3dee05dd","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.4, 0.4, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca475b45-7b8d-4781-8ffc-acbce572c4ff [data-leaf-element=\"true\"]","keyframes":{"transform":["translate(0%, 0%) scale(1.5)","translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"forwards"}] [{"selector":"#anim-8f53533b-6e12-4e17-a579-5da85f4ff0b1","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-96ee125f-d365-4f93-98cc-1d49171abda5","keyframes":{"transform":["translate3d(0px, -964.68783%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-25b756fb-c38d-4a00-83d9-0557f45629bc","keyframes":{"opacity":[0,1]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-4f5ebe56-5b70-40cc-82b3-9377e4425a7a","keyframes":{"transform":["translate3d(0px, 160.27781%, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":600,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] JP Morgan and Jefferies have raised their target prices to Rs 1,250 and Rs 1,330 per share, respectively. White Frame Corner White Frame Corner

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