Tata Motors Q4 Results: PAT at Rs 17,407 crore, beats analysts' estimates by wide margin; Tata group firm announces dividend

Tata Motors Q4 Results: Mumbai-headquartered Tata group auto giant Tata Motors on Friday reported a consolidated net profit of Rs 17,407.2 crore for the January-March period, beating analysts' expectations by a wide margin. The net profit was up 3.2 times on a year-on-year basis. 

The company registered growth of 13.3 per cent in revenue to Rs 1,19,986 crore for the March quarter, according to a regulatory filing. 

According to Zee Business research, Tata Motors was estimated to register a net profit of Rs 6,900 crore and revenue of Rs 1,19,800 for the fourth and final quarter of the last financial year.

The auto major—whose popular passenger cars include Nexon, Punch, and Tiago—logged Rs 17,900 crore in fourth-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), up 26.6 per cent over the year-ago period. 

Zee Business analysts had pegged the Tata group company's adjusted quarterly EBITDA at Rs 17,500 crore. 

Tata Motors said it remains cautiously optimistic about domestic demand over the full year and expects the first half of the financial year to be relatively weaker.

For the financial year 2023-24, Tata Motors' net profit stood at Rs 31,800 crore while revenue was at a record Rs 4,37,900 crore, according to a statement. 

Despite emerging concerns about overall demand, the auto major said it expects demand for the premium luxury segment to remain resilient. "We are confident of delivering a strong performance in FY25," it said. 

“It is pleasing to report the FY24 results during which Tata Motors Group delivered its highest ever revenues, profits, and free cash flows. The India business is now debt-free, and we are on track to become net automotive debt-free on a consolidated basis in FY25," said PB Balaji, Group Chief Financial Officer, Tata Motors.

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

Tata Motors dividend

Tata Motors's board recommended "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". Read more on Tata Motors dividend

Tata Motors share price

Tata Motors shares ended stronger by Rs 16.7, or 1.6 per cent, for the day at Rs 1,046.9 apiece on BSE earlier in the day. 

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