Mumbai, Feb. 3 -- Tata Motors Limited (TML) reported a profit before tax improved by Rs 4,400 crore, reaching Rs 7,600 crore, and the net profit for the quarter was Rs 7,100 crore.

The rise in net profit represents a more than two-fold increase in third-quarter profit.

All automotive verticals maintained their profitable growth trajectory, Tata Motors said.

Year-to-date for fiscal year 2024, the business reported a robust PBT of Rs 19,000 crore, showcasing an improvement of Rs 22,600 crore compared to the previous year. The Net Automotive debt was further reduced to Rs 29,200 crore.

In the Commercial Vehicle (CV) segment, revenue improved by 19.2%, and EBIT margins increased to 8.6%, up by 270 basis points, driven by higher realisatio...