Tata Motors This autumn End result: Auto large Tata Motors introduced a consolidated web revenue of Rs 17,407.18 crore for the quarter ending March 31 (This autumn) within the monetary yr 2023-24 (FY24) on Friday. This marked a formidable 222 per cent surge in revenue in comparison with Rs 5,407.79 crore reported throughout the corresponding interval final yr. Sequentially, revenue witnessed a sturdy 49 per cent progress from Rs 11,666.07 crore in Q3.
The corporate’s income from operations stood at Rs 1.19 trillion, reflecting a 13.5 per cent year-on-year (YoY) improve from Rs 1.05 trillion. Sequentially, income registered an 8.6 per cent rise from Rs 1.10 trillion. In April, Tata Motors noticed a 12 per cent uptick in whole home dispatches with 76,399 models in comparison with 68,514 models in April 2023.
Within the monetary yr, the corporate’s subsidiary, Jaguar Land Rover (JLR), continued its sturdy monetary efficiency, reaching yet one more record-breaking quarter in This autumn FY24. JLR recorded income of seven.9 billion British kilos for the quarter, marking an 11 per cent improve in comparison with This autumn FY23 and a 6 per cent rise in comparison with Q3 FY24. Moreover, JLR’s revenues for FY24 reached 29.0 billion British kilos, representing its highest-ever full-year income and a formidable 27 per cent improve in comparison with the earlier yr.
All through the monetary yr, Tata Motors noticed its web revenue soar to Rs 37,764.33 crore, a considerable improve from Rs 479.20 crore reported on the finish of FY23. The corporate’s income from operations additionally skilled exceptional progress, reaching Rs 4.35 trillion in comparison with Rs 3.43 trillion, indicating a 27 per cent YoY progress.
The board of administrators proposed a ultimate dividend of Rs 6 per unusual share with a face worth of Rs 2 every, comprising Rs 3 as an everyday dividend and Rs 3 as a particular dividend.
Talking on the outcomes, P B Balaji, group chief monetary officer, stated, “It’s pleasing to report the FY24 outcomes, throughout which Tata Motors Group delivered its highest-ever revenues, income, and free money flows. The India enterprise is now debt-free, and we’re on monitor to turn into web automotive debt-free on a consolidated foundation in FY25. The companies are executing effectively on their distinct methods and, subsequently, we’re assured of sustaining this robust efficiency within the coming years.”
Additionally Learn: SBI This autumn End result: Revenue Surges 24% To Rs 20,698 Crore; Broadcasts Rs 13.70 Dividend
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