Tata Motors dividend: Tata auto giant may announce dividend soon

Tata Motors dividend, Tata Motors board meeting: The board of Tata group auto major Tata Motors—whose popular passenger cars include Nexon, Punch, and Tiago—is scheduled to meet on Friday, May 10 to consider and approve financial results for Q4 and recommend dividends if any on the ordinary shares and 'A' ordinary shares in the company.

The auto giant's regulatory filing dated April 15, "The Board of Directors (the "Board") of Tata Motors Limited (the “Company”) is scheduled to be held on Friday, May 10, 2024 (the “Meeting”), inter alia, to:

i. consider and approve the Audited Financial Results (Standalone and Consolidated ) for the fourth quarter and financial year ended March 31, 2024 alongwith the Reports of the Auditors thereon and

ii. recommend a dividend, if any, on the Ordinary Shares and ‘A’ Ordinary Shares in the Company for the financial year ended March 31, 2024, for the approval of the shareholders at the forthcoming 79th Annual General Meeting of the Company."

Tata Motors Q3 results: How did it fare in the third quarter?

Tata Motors reported a consolidated net profit of Rs 7,025.1 crore for the quarter ended December 31, 2023, marking an increase of 2.4 times compared with the corresponding period a year ago. Its revenue grew by one-fourth on a year-on-year basis to Rs 1,09,799.2 crore, according to a regulatory filing. Read more

Tata Motors shares: Past performance

Tata group carmaker stock grew 25.5 per cent in the March quarter, sharply outperforming a 3.31 per cent rise in the headline Nifty index and a 15.01 per cent gain in the Nifty Auto gauge. The counter has surged over 110 per cent in last one year whereas the stock has given a multi-bagger return of 320 per cent in the last five years. 

The 52-week high price of the auto giant stock on NSE is Rs 1,065.6 per share (March 5, 2024) and the 52-week low price is Rs 465.8 per share ( April 17, 2023). 

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