Shares of Tata Motors on Thursday morning tumbled over 9 per cent after the firm reported a 22 per cent fall in consolidated net profit for the third quarter ended December 2024. The stock tanked 9 per cent to Rs 684.25 the 52-week low level on the BSE. At the NSE, it declined 9.20 per cent to Rs 683.20 the 52-week low level.

The stock emerged as the biggest laggard among the BSE Sensex and NSE Nifty firms. Tata Motors on Wednesday reported a 22 per cent fall in consolidated net profit to Rs 5,578 crore for the third quarter ended December 2024, impacted by a decline in revenue from its passenger and commercial vehicles divisions. The company had posted a consolidated net profit of Rs 7,145 crore in the same quarter last fiscal, Tata Motors said in a regulatory filing. Its consolidated total revenue from operations stood at Rs 1,13,575 crore, as against Rs 1,10,577 crore in the year-ago period, it added. The total expenses in the quarter were higher at Rs 1,07,627 crore, compared to Rs 1,04,494 crore a year ago, the company said.