India's Tata Motors reported a surprise drop in second-quarter profit and its first revenue decline in 10 quarters on Friday, hurt by weakness in both its luxury vehicles unit, Jaguar Land Rover, and domestic businesses.

Lower wholesales for JLR and the India passenger vehicle business both impacted the company's operational performance

Tata Motors reports 11.18% decline in net profit due to supply constraints, weak sales in passenger and commercial vehicles.

Shares of Tata Motors ended lower on Friday. The stock fell 1.72% at Rs 805.70 on BSE. The earnings were announced after market hours.

Tata Motors reports Q2 profit drop, revenue decline, and challenges ahead, but remains focused on growth and improvement.

Tata Motors on Friday reported a 9.9 per cent decline in its net profit to Rs 3,450 crore for the second quarter ended September 2024 (Q2 FY25). Its revenue during July-September 2024 also fell to Rs 1,

Tata Motors said that a challenging external environment dragged Q2 FY25 financial results. Net profit fell 11%, while revenue fell 3.5% on-year

JLR wholesales are expected to improve sharply, as supply challenges ease. Overall, Tata Motors expects an all-round improvement in performance in the second half of FY25 and the business to become net debt free by this year.