Tata Motors shares in focus as Q3 net profit declines 48%; smart uptick in revenue

Tata Motors shares will be in spotlight after it reported a 48% YoY decline in consolidated net profit to Rs 705 crore for the December quarter, despite a 16% rise in revenue to Rs 21,847 crore. The company’s commercial vehicle segment saw a 20% increase in wholesales, with domestic market share improving. Management cited disciplined execution and demand tailwinds for the performance.