Tata Motors Passenger Vehicles consolidated net profit fell 80.3% year-on-year to ₹775 crore.
Revenue for the automotive giant increased 9.3% to ₹95,799 crore in the June quarter.
Weak performance from Jaguar Land Rover and high commodity costs impacted earnings.
EBITDA margins for the company narrowed to 7.4% as expenses outpaced revenue growth.
More context
Management projects industry growth of 15–20% in the second quarter despite the current dip.
LG Electronics India reported a contrasting Q1 profit of ₹653 crore, a marginal rise.
LG's revenue grew 15.5% to ₹7,233 crore, supported by home entertainment demand.
LG attributed its results to a premium product mix and government institutional orders.
JK Tyre also reported a significant net profit decline of 73% year-on-year.
Tata Motors confirmed that changes in group leadership will not alter investment plans.
The results highlight a divergence in performance between consumer electronics and automotive sectors.