<p>Total revenue from operations was up at INR 119,986.31 crore in Q4 FY24, as against INR 105,932.35 crore in Q4 FY23.</p>
Complete income from operations was up at INR 119,986.31 crore in This fall FY24, as towards INR 105,932.35 crore in This fall FY23.

New Delhi: Tata Motors on Friday reported a three-fold development in its consolidated internet revenue to INR 17,528.59 crore for the quarter ended March 2024. The corporate had reported PAT at INR 5,496.04 crore throughout the corresponding interval of final yr.

Complete income from operations was up at INR 119,986.31 crore in This fall FY24, as towards INR 105,932.35 crore in This fall FY23.

PB Balaji, Group Chief Monetary Officer, Tata Motors mentioned, “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 observe to change into internet automotive debt free on a consolidated foundation in FY25. The companies are executing nicely on their distinct methods and due to this fact, we’re assured of sustaining this robust efficiency within the coming years.”

The Board of Administrators have advisable a remaining dividend of INR 3 per Unusual Share and INR 3.10 per A Unusual Share and a particular dividend of INR 3 per Unusual Share and INR 3.10 per A Unusual Share topic to approval by the shareholders, the corporate mentioned in a regulatory submitting.

Speaking in regards to the outlook, Tata Motors mentioned, “We stay cautiously optimistic on home demand over the total yr and count on H1 to be comparatively weaker. The premium luxurious phase demand is more likely to stay resilient regardless of rising issues on total demand. Regardless of this, we’re assured of delivering a robust efficiency in FY25.”

PV Businsess

In This fall, Tata Motors PV volumes had been at 155.6K models (+14.8% Y-o-Y)supported by new SUV facelifts and a number of energy trains. EBIT margins improved by 150 bps Y-o-Y to 2.9% owing to working leverage on improved volumes and financial savings in commodity prices.

Shailesh Chandra, Managing Director TMPV and TPEM mentioned, “Tata Motors recorded its third consecutive yr of highest gross sales volumes with 6% development in wholesales and 10% in retail gross sales over FY23. Our multi-powertrain method and sharp deal with inexperienced applied sciences elevated the penetration of CNG and electrical autos to 29% within the total portfolio.

Going ahead, the maker of Nexon count on the demand for passenger vehicles to stay robust, though the excessive base impact, coupled with extraneous elements elections, warmth wave, and many others. could preserve the expansion fee reasonable.

“We’ll proceed to deal with retails and ship market beating development to maintain double digit EBITDA margins and constructive free money flowsfor PV enterprise. We’ll proceed to proactively drive EV penetration via new product launches and ecosystem improvement and enhance profitability,” it mentioned.

JLR Enterprise

Tata Motors mentioned it is going to proceed to deal with model activation to keep up order books. “We count on EBIT margins in FY25 to be across the FY24 degree. We anticipate a modest improve in funding spend to £3.5b however nonetheless count on to change into internet debt zero throughout FY25.”

Adrian Mardell, JLR Chief Government Officer, mentioned the corporate has delivered a document monetary efficiency producing free cashflow of £2.3 billion, enabling us to scale back internet debt to £0.7 billion. This was led by its Vary Rover and Defender manufacturers

“We’re getting into the subsequent thrilling part of our Reimagine technique which is able to see us convey to life our fashionable luxurious electrical autos and ship an accompanying fashionable luxurious expertise for our purchasers, guaranteeing we proceed to vigorously deal with the challenges we now have encountered in 2024,” Mardell mentioned.

CV Enterprise

In This fall FY24, Tata Motors home wholesale CV volumes had been 104.6K models, decrease 7% Y-o-Y on account of elevated pre-buy in This fall FY23 attributable to BS6 Part-II transition. Exports had been at 4.5K models rising 13% Y-o-Y. For the total yr, whereas total volumes declined by 4%, HCV volumes elevated by 5%.

Trying forward, the automaker mentioned with promising GDP development outlook, incentives from authorities to enhance productiveness in each manufacturing and agriculture sectors, and persevering with deal with infra, demand for CV’s is predicted to enhance from H2 FY25. “We stay cautiously optimistic about home demand whereas protecting an in depth watch on geopolitical developments, rates of interest, gasoline costs and inflation. We’ll proceed to ship robust EBITDA efficiency and deal with internet money will proceed.”

“The Indian CV business grew by a modest 2% in volumes throughout FY24, impacted by a excessive base impact of FY23, elections held throughout 5 states and the announcement of normal elections. At Tata Motors, we strengthened our portfolio with the introduction of recent passenger and cargo mobility options, stepped-up the thrust on digitalization, enriched buyer engagement and expertise with stronger partnering and made holistic progress on our sustainability agenda,” mentioned Girish Wagh, Government Director Tata Motors.

“Going ahead, we are going to intensify our efforts to develop market share, profitably and persistently, in each enterprise phase by delivering extra worth to prospects with progressive merchandise, smarter providers and holistic mobility options,” he mentioned.

  • Revealed On Might 10, 2024 at 04:22 PM IST

Be part of the group of 2M+ business professionals

Subscribe to our e-newsletter to get newest insights & evaluation.

Obtain ETAuto App

  • Get Realtime updates
  • Save your favorite articles

Scan to obtain App


Please enter your comment!
Please enter your name here