Tata Motors posted a 22.5% drop in consolidated net profit for the December quarter, coming in at ₹5,578 crore—a sharp decline from the ₹7,415 crore it reported a year ago. Margins took a hit, dragging overall performance despite strong numbers from its Jaguar Land Rover (JLR) segment. On the bright side, sequentially, the company saw a 62% jump in profit from ₹3,450 crore in the September quarter. Revenue ticked up 2.7% year-on-year to ₹1.13 lakh crore, but operating performance faltered. EBITDA fell nearly 15% to ₹13,081 crore, with margins narrowing to 13.7%. JLR continued its stellar run, hitting record quarterly revenue, the highest EBIT margin in a decade, and notching its ninth straight profitable quarter. The unit raked in £7.5 billion in revenue, but EBITDA margins tightened by 200 basis points to 14.2%. The commercial vehicle business struggled, with revenue sliding 8.4% to ₹18,431 crore. Yet, cost savings and incentives helped lift EBITDA margins to 12.4%. Passenger vehicle revenue also dipped 4.3% year-on-year, but efficiency measures pushed EBITDA margins up to 7.8%. Despite macroeconomic pressures, Tata Motors remains upbeat about hitting its FY25 profitability and cash flow targets. With an EBIT margin goal of at least 8.5% and a focus on maintaining positive net cash, the company is banking on its cost-cutting strategies and incentives to fuel long-term growth.