Tata Motors Q4 PAT Surges Nearly 46% to Rs 17,529 Cr
Global automobile conglomerate Tata Motors on Friday reported its earnings for the quarter ended March 2024. The company’s consolidated net profit for the Jan-Mar quarter skyrocketed 45.67% to 17,529 crore rupees against 12,033 crore rupees in the corresponding quarter last year. Sequentially, consolidated revenue from operations stood at 1,19,986 crore rupees, up 13.3%.
Key Takeaways from Tata Motor’s Performance:
- Consolidated net profit for the quarter surged 45.67% to 17,529 crore rupees.
- Sales for Q4 FY24 rose 13.3% to 1.19,986 crore rupees.
The company’s EBITDA (earnings before interest, taxes, depreciation and amortisation) margin for the quarter was at 14.9%, up 160 basis points on year. Additionally, net automotive debt was reduced further to 16,000 crore rupees.
Further, Tata Motor is cautiously optimistic about its full-year domestic demand and expects the first half of the year to be relatively weaker.
About Tata Motors:
Tata Motors is a global automobile manufacturer that offers a wide range of commercial, passenger, and electronic vehicles. The company is at the forefront of the shift to electric vehicles and is one of India’s biggest automobile manufacturing companies. Subsidiaries include British Jaguar Land Rover and South Korean Tata Daewoo. The company has joint ventures with Hitachi and Stellants, which makes vehicle parts for Fiat Chrysler and Tata-branded vehicles.
Read More About Tata Motors Ltd Share Price Here!