(Reuters) -Indian carmaker Tata Motors' shares plummeted about 9% to a 14-month low on Thursday, after its third-quarter results set off growth and margin concerns for its luxury Jaguar Land Rover (JLR) segment.

Tata Motors share price declined 8% in the morning trade on Thursday following the automaker’s Q3 results wherein it reported a double-digit fall in profit.

Tata Motors shares rise 2% as Q3 earnings approach. Discover 4 key factors affecting its growth. Tune in to the results today!

Tata Motors' shares traded 6.8% lower at Rs 701.40 on the BSE at 1:30 PM Thursday, recovering slightly from the days low of Rs 684.25. The companys profit fell 22% YoY to Rs 5,451 crore, missing estimates of Rs 6,

Indian carmaker Tata Motors fell more than 7% in early trade on Thursday after reporting a bigger-than-expected drop in quarterly profit, which pushed a slew of brokerages to slash price targets on the stock.

Tata Motors shares plunged 9 per cent to a 52-week low as Q3 profit fell 22 per cent YoY, missing estimates. JLR performed well, but weak India CV growth dampened sentiment.

Tata Motors reported a 22.5% decline in consolidated net profit for Q3 FY25, totaling ₹5,578 crore. Despite strong performance in the JLR segment, overall margins decreased. Revenue from operations rose by 2.