Tata Motors This autumn outcomes: Revenue grows three-fold to Rs 17,528 crore | Firm Outcomes

Mumbai-headquartered Tata Motors has posted a greater than threefold leap in its consolidated web revenue for the fourth quarter of 2023-24 to Rs 17,528 crore, using on 13.3 per cent progress in income.

Consolidated revenues for the quarter got here in at almost Rs 1.20 trillion.

For the complete yr, the auto large posted a 12-fold leap in web revenue to Rs 31,806 crore.

Consolidated revenues for the complete yr have been the best ever at almost Rs 4.38 trillion.

In FY24 the corporate had the perfect ever income; the best ever earnings earlier than curiosity, tax, depreciation and amortisation, or Ebitda (Rs 62,800 crore); the best ever revenue earlier than tax and distinctive objects (Rs 28,900 crore); the best ever free money circulation for the auto enterprise (Rs 26,900 crore); and the best ever dividend payout (Rs 2,310 crore).

The inventory reacted positively to the outcomes, which got here according to analyst estimates, ending the day’s commerce on the BSE at Rs 1,046.85, up 1.62 per cent. 

The board of administrators has advisable a ultimate dividend of Rs 3 per Abnormal Share and Rs 3.10 per A Abnormal Share and a particular dividend of Rs 3 per Abnormal Share and Rs 3.10 per A Abnormal Share topic to approval by the shareholders.

PB Balaji, group chief monetary officer, stated: “IT is pleasant to report the outcomes of FY24, throughout which Tata Motors Group delivered its highest ever revenues, earnings, and free money flows. The India enterprise is now debt-free, and we’re on monitor to develop into web 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 sturdy efficiency within the coming years.”

The corporate stated IT remained “cautiously optimistic” on home demand over the complete yr and anticipated H1FY25 to be “weaker”.

Jaguar Land Rover (JLR), the posh automotive arm of Tata Motors, posted file This autumn revenues of £7.9 billion (up 11 per cent), and its This autumn revenue after tax (PAT) was £1.4 billion versus earnings of £259 million in the identical quarter a yr in the past.

JLR posted a FY24 PAT of £2.6 billion on file revenues of £29 billion. JLR’s web debt decreased to £0.7 billion.

As for the passenger autos enterprise, revenues grew 19.3 per cent in Q4FY24 to Rs 14,400 crore, whereas PAT got here in at Rs 394 crore versus Rs 142 crore in the identical quarter earlier yr.

In This autumn, the passenger-vehicle (inside combustion engine) enterprise delivered double-digit Ebitda margins and the electric-vehicle enterprise was Ebitda constructive (earlier than analysis and growth spend) at 1.1 per cent.

Shailesh Chandra, managing director Tata Motors PV and Tata Passenger Electrical Mobility, stated: “Passenger automobile gross sales in India set a file in FY24 with over 4.2 million models bought, pushed by sport utility autos (50 per cent of general gross sales) and emission-friendly powertrains. Tata Motors recorded its third consecutive yr of highest gross sales volumes with 6 per cent progress in wholesales and 10 per cent in retail gross sales over FY23. Our multi-powertrain method and sharp concentrate on inexperienced applied sciences elevated the penetration of CNG and electrical autos to 29 per cent within the general portfolio. We bought 73,800 electrical autos throughout the yr (up 48 per cent vs FY23) and crossed the milestone of 150,000 cumulative EV manufacturing.”

TaMo royalty fee to Tata Sons touches Rs 500 cr in FY24

Tata Motors paid a royalty payment of Rs 500 crore in FY24 for utilizing the Tata model title to Tata Sons, considerably up from Rs 118 crore paid in FY23. PB Balaji, Group CFO, Tata Motors, stated earlier the royalty fee was linked to earnings, and this was modified in FY24 to hyperlink IT to revenues.

First Revealed: Could 10 2024 | 8:51 PM IST

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