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.

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 Q2 Results Live : Tata Motors declared their Q2 results on 08 Nov, 2024, reporting a topline decrease of 3.5% year-over-year (YoY) and a profit decline of 11.18% YoY. Compared to the previous quarter, revenue saw a notable decline of 6.11%, while profit dropped significantly by 39.94%.

India's Tata Motors reported a surprise drop in second-quarter profit on Friday, hurt by weakness in both domestic sales and its luxury vehicles unit. The company posted a profit of 33.43 billion rupees ($396.

Tata Motors reported its earnings for the quarter ended September on Friday after market close. The numbers missed analyst estimates. What Happened: The automaker's net profit for the quarter under review stood at ₹3,

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