Tata Motors Q4 Results 2022: consolidated net loss narrows to Rs 992.05 cr vs Rs 7,585.34 cr in Q4FY21

Tata Motors Q4 Results 2022: Homegrown auto major Tata Motors on Thursday reported narrowing of consolidated net loss to Rs 992.05 crore in the fourth quarter ended March 2022.

The company had posted a consolidated net loss of Rs 7,585.34 crore in the same period last fiscal, Tata Motors said in a regulatory filing.

Total consolidated revenue from operations stood at Rs 78,439.06 crore in the fourth quarter as against Rs 88,627.90 crore in the year-ago period, it added.

On a standalone basis, the automaker reported a net profit of Rs 413.35 crore in the period under review as against a net profit of Rs 1,645.68 crore in the fourth quarter of 2020-21.

Standalone total revenue from operations stood at Rs 17,338.27 crore in the fourth quarter as compared to Rs 13,480.42 crore earlier.

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Tata Motors Q4 Results: Key Highlights

Jaguar Land Rover (JLR): Revenue was £4.8 billion in Q4 FY22, up 1% from Q3 FY22, reflecting the higher wholesales offset partially by the impact of the runout of the previous generation Range Rover, with the New Range Rover still ramping up. The EBIT margin in the quarter was 2.0% with profit before tax about breakeven (£ 9 million) before £ (43) million exceptional charge for our business in Russia. Free Cashflow improved to £340 million, up from £164 million in Q3.

Tata Commercial Vehicles (Tata CV): Tata CV business continued to show strong sequential recovery led by MHCV segment. The business clocked its highest quarterly revenues since Q4’FY19 and grew market shares in all segments. Despite lower margins due to commodity inflation, impact was lower on PBT (bei) of ₹ 607 Crores in Q4 due to operating leverage from higher revenues.

Tata Passenger Vehicles (Tata PV): Tata PV business delivered a comprehensive turnaround in Q4 FY 22 with highest quarterly revenues of ₹10.5 K Cr (+62%), positive EBIT 1.2% and positive free cash flows. EV volumes rose to 9.1K units in Q4 and PV market share improved to 13.4% (+440bps). Robust demand for “New Forever” range and agile supply actions led to this strong performance.

Outlook: The demand remains strong despite geopolitical and inflation concerns. The supply situation is gradually improving, whereas commodity inflation is likely to remain at elevated levels. We expect performance to improve through the year as the China COVID and semiconductor supplies improve and aim to deliver strong EBIT improvement and free cash flows in FY 23 to get to near net auto debt free by FY 2024.

Tata Motors shares today ended at Rs 371.90, down by 4.2 per cent on the NSE from the Wednesday closing price.

With Inputs from PTI