standalone revenue was at inr 15733 crore as compared to inr 14793 crore it addednew delhi auto major tata motors on tuesday reported a consolidated profit of inr 3301 crore in the first quarter of fy24 the company had posted a consolidated net loss of inr 4951 crore in the corresponding quarter of last fiscalconsolidated revenue stood at inr 1015285 crore as against inr 71228 crore in the yearago periodtotal expenses were at inr 98267 crore as against inr 77784 crore in the same quarter a year ago the company saidon a standalone basis loss after tax narrowed to inr 64 crore in q1 fy24 from inr 181 crore in q1 fy23 advt standalone revenue was at inr 15733 crore as compared to inr 14793 crore it addedoverall tata motors said it continued its strong performance in q1 fy24 showing a sharp improvement driven by jlr and commercial vehicles businesses whilst the passenger vehicles business was steady the company saidlooking ahead tata motors remains optimistic on the demand situation despite near term uncertainties and expects a moderate inflationary environment to continue in the near term we aim to deliver a strong performance in the rest of the year too thanks to a healthy order book coupled with lowbreakeven in jlr a steady improvement in demand whilst we continue to drive our demandpull strategy in cv a set of exciting launches ahead of the festive season in pv and continued aggression in evs it said pb balaji group chief financial officer tata motors said fy24 has begun on the right note with all automotive verticals delivering strong performances the distinct strategy employed by each business is now delivering consistent results and making them structurally stronger we remain confident of sustaining this momentum in the rest of the year and achieve our stated goalsshailesh chandra managing director tmpv and said in line with industry trend suvs continued to spearhead sales contributing about 64 while sales of cars were buoyed by the multipower train offerings of the tiago and altroz going forward we expect a stable supply chain and robust demand with the onset of the festive season in the second half of q2 fy24 advt going forward demand in the pv segment is expected to remain steady with the onset of the festive season whilst the electrification trend is set to strengthen further we will continue to leverage our aspirational portfolio and alternate powertrains to maintain market leadership and drive ev penetration further we will also focus on advanced technologies to deliver premium customer experience a structured margin improvement program has also been institutionalized with these the business is confident of delivering market beating growth and achieving its financial targets the company said girish wagh executive director tata motors ltd said the indian commercial vehicles sector made a promising start to fy24 in q1 enabled by a strong infrastructure push from the government as well as increased economic activity at tata motors we successfully upgraded our entire portfolio beyond the mandatory