Tata Motors Q4 Results: PAT of Rs 17,407 crore far exceeds experts’ projections; the Tata group company declares a dividend

Qualified Motors Results: The largest car company in the Tata Group, Tata Motors, exceeded analysts’ forecasts by a significant margin with a consolidated net profit for the March quarter that more than tripled to Rs 17,407.2 crore.

Tata motors Q4 result

Qualified Motors Results: The automaker Tata Motors, based in Mumbai, announced a consolidated net profit of Rs 17,407.2 crore for the January–March period on Friday, significantly above the forecasts of analysts. Year over year, there was a 3.2-fold increase in net profit.
According to a regulatory filing, the company’s revenue for the March quarter increased by 13.3% to Rs 1,19,986 crore.

As said by According to stock 24 news research, Tata Motors was predicted to earn Rs 1,19,800 in revenue and Rs 6,900 crore in net profit for the last quarter of the fiscal year.

The automaker, whose well-known passenger vehicles include the Nexon, Punch, and Tiago, reported fourth-quarter earnings before interest, taxes, depreciation, and amortisation (EBITDA) of Rs 17,900 crore, up 26.6% over the same period the previous year.

The adjusted quarterly EBITDA of the Tata group company was estimated by stock 24 news analysts to be Rs 17,500 crore.

Tata motors share price

Tata Motors stated that it anticipates a comparatively weaker first half of the fiscal year and that it is nevertheless cautiously optimistic about domestic demand for the entire year.

Tata Motors’ net profit for the fiscal year 2023–24 was Rs 31,800 crore, while revenue was at a record of Rs 4,37,900 crore, as said in a release.

The car manufacturer stated that it expects demand for the premium luxury market to remain resilient despite growing concerns about overall demand. “We are confident of delivering a strong performance in FY25,” it continued.

Reporting the FY4 results is a pleasure, as the Tata Motors Group achieved record-breaking sales, earnings, and free cash flows. Tata Motors Group Chief Financial Officer PB Balaji stated, “The India business is now debt-free, and we are on course to become net automotive debt-free on a consolidated basis in FY25.

“The businesses are executing well on their distinct strategies and therefore, we are confident of sustaining this strong performance in the coming years,” Balaji stated.

Dividends from Tata Motors

The Tata Motors board suggested “a final dividend of Rs 3 per Ordinary Share and Rs 3.10 per A Ordinary Share and a special dividend of Rs 3 per Ordinary Share and Rs 3.10 per A Ordinary Share subject to approval by the shareholders”

The share price of Tata Motors

At Rs 1,046.9 apiece on the BSE earlier in the day, Tata Motors shares closed the day higher by Rs 16.7, or 1.6%, for the day.

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