(Reuters) -Indian carmaker Tata Motors' shares plummeted about 9% to a 14-month low on Thursday, after its third-quarter results set off growth and margin concerns for its luxury Jaguar Land Rover (JLR) segment.

Passenger and commercial vehicle major Tata Motors on Wednesday posted a 22.4 per cent year-on-year (Y-o-Y) decline in net profit to Rs 5,451 crore for the third quarter of FY25 on muted revenue growth of 2.7 per cent to Rs 1,13,575 crore.

Consolidated net profit of India’s largest automaker by revenue fell 22% year-on-year to Rs 5,451 crore even as revenue rose 2.7% to Rs 1,13,575 crore.

Indian carmaker Tata Motors fell more than 7% in early trade on Thursday after reporting a bigger-than-expected drop in quarterly profit, which pushed a slew of brokerages to slash price targets on the stock.

Indian automaker Tata Motors reported a 22% drop in third-quarter profit on Wednesday, hurt by the bigger discounts it offered to boost sales across its domestic and luxury car businesses. The company's profit fell to Rs 5,451 cr ($630 million) in the quarter from Rs 7,025 crore a year before.

Tata Motors reported a 22.5% decline in consolidated net profit for Q3 FY25, totaling ₹5,578 crore. Despite strong performance in the JLR segment, overall margins decreased. Revenue from operations rose by 2.

Tata Motors shares rise 2% as Q3 earnings approach. Discover 4 key factors affecting its growth. Tune in to the results today!

Shares of Tata Motors Ltd slipped 9% in early deals to their fresh 52-week low on Thursday as Q3 earnings fell below street estimates. Tata Motors stock fell 9.06% to Rs 684.25 against the previous close of Rs 752.45. On BSE, 3.98 lakh shares changed hands amounting to a turnover of Rs 27.74 crore.

(Reuters) -Indian carmaker Tata Motors reported third-quarter profit below market expectations on Wednesday, weighed down by weakness in its luxury Jaguar Land Rover (JLR) business and as car sales slowed down at home.

Results: Profit fell short of ET Now's estimate of Rs 6,791 crore, while revenue rose 3% YoY to Rs 1.13 lakh crore. Consolidated EBITDA rose to Rs 15,500 crore, driven by easing supply challenges. CV revenues fell 8.