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Tata Motors Delivers Record Q2 Profit Despite JLR Slump
Tata Motors reports ₹76,170 crore Q2 profit, boosted by demerger, but JLR’s slump dampens market response.
Tata Motors recorded a Q2 profit of ₹76,170 crore, which includes a one-time demerger gain. However, its JLR division posted a downturn, which muted the overall results. Despite a strong top-line performance, investors are concerned about the division's decline, especially in the passenger vehicle segment.
The street has responded with a cautious outlook, marking the mixed performance across the company’s broader portfolio.