(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.

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Despite the decline in overall profits, Tata Motors' SUV segment saw a positive uptick, offering some hope for future growth. However, the company's struggles in its key segments, especially in its premium JLR division,

India's Tata Motors reported a 22% drop in third-quarter profit on Wednesday, significantly missing analyst estimates, hurt by weak performance at its Jaguar Land Rover (JLR) and domestic car businesses.

Tata Motors Ltd on Wednesday (January 29) reported a 22.5% year-on-year (YoY) decline in net profit at ₹5,451 crore for the third quarter that ended on December 31, 2024. In the corresponding quarter of the previous fiscal,

Tata Motors has reported a massive 22% year-on-year drop in its consolidated net profit for the third quarter of FY25. The company's net profit stood at ₹5,451 crore, missing analysts' estimates. The downturn is attributed to weaker margins and slowdown in Jaguar Land Rover (JLR) sales.

Results: The maker of Nexon EV and Jaguar Land Rover luxury cars was expected to report a 7 percent on-year fall in net profit on weaker margins and subdued JLR volumes.

Tata Motors reported a 22 per cent year-on-year drop in consolidated net profit to Rs 5,451 crore for Q3 FY25, missing analyst estimates. The performance was hit by weaker margins and lower Jaguar Land Rover (JLR) volumes,

Tata Motors Q3 results show decline in profit due to weak domestic demand, with focus on improving sales and reducing debt.

Tata Motors sees a 22% drop in Q3 net profit to Rs 5,578 crore, despite revenue growth in operations. Jaguar Land Rover posts record revenue.

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.