Tata Motors Q4 results announced: PAT Beats Street’s Estimates

The Tata Group company, Tata Motors has reported its Q4 FY 2023-24 earnings today, The company has recorded a surge in profit after tax to Rs.17,407 crores in this quarter from Rs.5,400 crores in Q4 FY 2022-23.

Q4 Performance of Tata Motors

Tata Motors in its Q4 FY 2023-24 has reported a revenue of Rs.1.19 Lakh crores against a revenue of Rs.1.05 Lakh crores in Q3 FY 2023-24, a surge of 14.3% on a YoY basis, The net profit has surged to Rs.17,407 crores in this quarter from Rs.5,400 crores in Q3 FY 2023-24. The net profit in this quarter also includes a tax credit balance of around Rs.8,160 crores.

EBITDA for this quarter stands at Rs.17,035 crores which is up by 33% from Rs.12,810 crores in Q3 FY 2023-24, While the EBITDA Margins increased by 210  bps to  14.2% in this quarter as compared to 12.1% in Q3 FY 2023-24.

Management Commentary

PB Balaji, Group Chief Financial Officer, Tata Motors 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. The businesses are executing well on their distinct strategies and therefore, we are confident of sustaining this strong performance in the coming years.”

Conclusion: The company has more than tripled its net profits and the management commentary is also looking positive as the company has reported its results after market hours so any reaction to these results will take place next week on Monday, The board has also recommended a final dividend of Rs.3 per ordinary share and a special dividend of Rs.3 per ordinary share. The stock of Tata Motors closed at Rs.1046.65 today.

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