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https://economictimes.indiatimes.com/markets/stocks/news/improvement-in-jlrs-profitability-to-bring-down-tata-motors-debt-by-60-nomura/articleshow/98630381.cms
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Nomura expects JLRs margins to improve to 14.1% in FY24 from the estimated 10.3% in FY23. Thus, its consolidated net debt is expected to fall to Rs 23,000 crore by FY25
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