On Wednesday, Tata Motors reported a consolidated net loss of ₹944.61 crores for the second quarter ending September (Q2FY23)

The company had posted a net loss of ₹4,441.57 crores in (Q2FY22) and ₹5,006.60 crores in the previous June quarter (Q1FY23), respectively.

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The Auto major's consolidated revenue jumped 29.7% to ₹79,611.37 crore as against ₹61,378.82 crore from the year-ago period, which is better than expected

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The company’s EBITDA margin improved by 130 bps YoY in Q2FY23 to 9.7%

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Tata Motors said the demand continues to remain strong but will remain a key monitorable in wake of global uncertainties

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On Wednesday ahead of the Q2 results, Tata Motors closed at Rs 433.15 on NSE, 0.43 percent down from the previous close.

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Buy Tata Motors for a long-term view at CMP or on dips, ICICI Securities has given a target of Rs 646 and an average target of Rs 535 by other 8 brokers

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