(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.

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,

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.

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

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 com

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.

For the quarter under review, Tata Motor’s profit after tax (PAT) stood at Rs 5,578 crore, down from Rs 7,145 crore in the year-ago period. It rose, however, on a sequential basis. Chief Financial Officer PB Balaji said that the performance of all businesses improved sequentially in Q5 FY25.