Mumbai, Jan. 30 -- Profit before tax (PBT) stood at Rs 7,674 crore during the December 2024 quarter, down 0.17% from Rs 7,687 crore posted in the same quarter last year.

EBITDA stood at Rs 15,521 crore in third quarter of FY25, registering de-growth of 1.9% YoY. EBITDA margin reduced to 13.7% in Q3 FY25 as compared with Rs 14.3% in Q3 FY24.

In its outlook, the company expects underlying domestic demand to improve gradually on account of infrastructure spends, a slew of exciting product launches, and stable interest rates. While JLR wholesales are expected to improve further in Q4 FY25, we remain watchful on the overall demand situation, particularly in China.

PB Balaji, group chief financial officer, Tata Motors, said, "In Q3, the perf...