Q3 2025 Tata Motors Ltd Earnings Call Transcript
Key Points
- Tata Motors Ltd (BOM:500570) reported a strong performance for the full year, with revenue up 2.7% and EBIT up 60 basis points.
- The company achieved a significant reduction in net automotive debt, with the domestic Indian business back to net cash.
- Jaguar Land Rover (JLR) delivered its highest Q3 revenue ever, with EBIT at 9%, the highest in a decade.
- The company received the eligibility certificate for production-linked incentives (PLI), resulting in a cash inflow of INR142 crores.
- Tata Motors Ltd (BOM:500570) showcased a strong product offensive at the auto expo, including the launch of the all-new Tata Sierra and the upcoming Range Rover Electric.
- The company faced challenges in the China market, impacting JLR's revenue and ROCE targets.
- There was a decline in ASPs for JLR, attributed to China mix and FX impacts.
- The small commercial vehicle segment contracted post-BS VI transition, losing ground to three-wheelers and pickups.
- The company experienced higher VME (variable marketing expenses) and warranty costs, impacting profitability.
- There is uncertainty regarding the electrification journey, which may require continued investment in ICE powertrains, potentially increasing overall CapEx.
Good day, and welcome to Tata Motors Q3 FY25 earnings call. Today with us are Mr. PB Balaji, Group CFO, Tata Motors; Mr. Girish Wagh, Executive Director, Data Motors; Mr. Shailesh Chandra, MD Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited; Mr. G.V. Ramanan, Vice President, Finance, Tata Motus Limited; Mr. Dhiman Gupta, Vice President, Finance, Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited; Mr. Adrian Mardell, CEO, Jaguar Nandro; Mr. Richard Molyneux, CFO, Jaguar Land Rover, and we also have our colleagues from the Investor Relations team.
Today, we plan to walk you through the results presentation followed by Q&A. As a reminder, all participants will be in listen-only mode, and we will be taking questions to other teams platforms. The same is already open for you to submit the questions. You are requested to mention your name and the name of organization while submitting the questions.
I now hand over to Balaji sir to take over. Over to you, sir.
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
