Tata Motors Q4FY24 :Leading auto company Tata Motors has made a profit (PAT) of Rs 17529 crore in the fourth quarter of the last financial year i.e. March. This is 46 percent more on annual basis. The company had made a profit of Rs 12,033 crore in the same quarter a year ago. The company’s revenue has increased by 13 percent on annual basis during this period to Rs 119,986 crore. The company’s revenue in the same quarter a year ago was Rs 105,932.35 crore.
Profit in financial year 29117 crores
Talking about the entire financial year 2024, the profit of Tata Motors has increased from Rs 29,117 crore to Rs 31,807 crore on an annual basis. Whereas in the financial year, the revenue (Tata Motors Revenue) has increased by 26.6 percent on annual basis to Rs 437,928 crore. During the financial year, the company’s EBIT margin has increased by 470 basis points to 8.3 percent.
JLR strengthened
Tata Motors’ Jaguar Land Rover unit continued its trend of strong financial performance in the financial year. JLR’s revenue in the March quarter was £7.9 billion, which is 11 per cent higher than Q4 FY23 and 6 per cent higher than Q3 FY24. JLR’s revenue for FY24 was £29.0 billion, up 27 per cent year-on-year.
declaration of dividend
The board of directors of the company has announced a final dividend of Rs 6 per share. The dividend has been announced in the AGM of the company. The dividend will be paid to eligible shareholders before June 28, 2024. EBITDA in Q4FY24 increased by 26.6 percent year-on-year to Rs 17,900 crore.
growth outlook strong
PB Balaji, Group Chief Financial Officer, Tata Motors, says, “We are pleased to report our FY2014 results, which saw the Tata Motors Group deliver its highest-ever revenue, profit and free cash flow. India’s business is now debt free, and we are on track to become net automotive debt free on a consolidated basis in FY 2025. We are confident of maintaining this strong performance in the coming years.
