Tata Motors released the results of their third quarter (Q3) on Wednesday, with the company’s profit falling 22% to ₹ 5,451 crore. This figure was ₹ 7,025 crore in the same quarter of last year. These consequences of the company were much weaker than the expectations of analysts. According to LSEG, analysts hoped that Tata Motors would register a profit of ₹ 6,742 crore in this quarter, but the actual profits were much lower than this.
3 reasons for a decline in profit
Although the company tried to increase sales with this strategy, its impact showed as a huge decline in profit. Investors are now eyeing the growth of Tata Motors, as the company will have to adopt a new strategy to improve its profitability.