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Jaguar Land Rover's July sales rose 11% to 6,121 units. Tata Motors' July sales fell 10.7% to 71,996 units. Q1 net profit surged 73% to ₹5,566 crore despite a rise in net automotive debt to ₹18,600 crore.
Tata Motors, along with its subsidiary Jaguar Land Rover (JLR), has released sales figures for July and financial results for the first quarter. Here's a detailed analysis of the key numbers and performance indicators.
Jaguar Land Rover (JLR) reported robust sales in July, with a total of 6,121 units sold, marking an 11% increase from the 5,516 units sold in July 2023. The breakdown is as follows:
Jaguar: Sales slightly increased to 1,058 units from 1,046 units in July 2023.
Land Rover: Sales surged by 13% to 5,063 units compared to 4,470 units in the same month last year.
In comparison, JLR sold 6,421 units in June, indicating a slight month-on-month decrease.
Contrasting JLR's performance, Tata Motors experienced a decline in sales for July:
Total Sales: Fell by 10.7% to 71,996 units, down from 80,633 units in July 2023.
Domestic Sales: Dropped by around 11% year-on-year to 70,161 units.
Commercial Vehicle Sales: Plummeted by about 18% to 27,042 units from 32,944 units last year.
Passenger Vehicle Sales: Decreased by 6% to 44,725 units.
Despite the drop in sales, Tata Motors reported strong financial performance for the first quarter. Its net profit surged by 73% to ₹5,566 crore, compared to ₹3,203 crore in the same period last year. Revenue increased by 6% to ₹1.08 lakh crore from ₹1.02 lakh crore year-on-year.
However, the company faced challenges in terms of debt. The net automotive debt rose to ₹18,600 crore, a 16% increase from ₹16,000 crore at the end of March 2024. JLR’s net debt increased to ₹10,500 crore from ₹7,700 crore at the end of the March quarter.
Tata Motors' share price closed at ₹1,015.45 on Friday, reflecting a decline of ₹81.20 or 7.40% from the previous close. Despite this drop, the stock has delivered a 66.60% return over the past 12 months. Investors are keenly watching Tata Motors’ share performance amidst the latest financial disclosures.
Disclaimer: Investments in the securities market are subject to market risk, read all related documents carefully before investing. This content is for educational purposes only. Securities quoted are exemplary and not recommendatory.
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