Tata Motors’ Q4 report unveils impressive profit growth and dividend announcement, reaffirming its position as a key player in the Tata Group.
Tata Motors Q4 Results: The consolidated profit of the company has increased significantly. The amount of total sales increased from 1.05 lakh crore to 1.19 lakh crore. The business has also declared a final dividend of ₹6 per share.
A mainstay of the Tata Group, Tata Motors, released its financial results on Friday.”The company has experienced a significant increase in its consolidated profits. The amount of combined revenue increased from 1.05 lakh crore to 1.19 lakh crore. The adjusted margin has increased from 12.1% to 14.2%.
How are the outcomes at Tata Motors?
Tata Motors’ group revenue in Q4 of FY24 was 1.20 lakh crore. A triple increase in joined profit has caused, rising from 5408 crores to 17407 crores (YoY). The adjusted margin has increased from 12.1% to 14.2%. From 1.05 lakh crore to 1.2 lakh crore, revenue has increased. Adjusted EBITDA has increased from 12,797 crores to 16,996 crores. Tax credit has risen from 621 crores to 8159 crores (YoY).
According to the company’s regulatory filing, during today’s meeting, the board decided to declare a dividend of ₹6 per share, or 300 percent, for FY24. The dividend will be paid to qualified shareholders by June 28, 2024, at the latest, if approved at the company’s annual general meeting.
As of Friday, there was a 1.62% increase in share price. At ₹1,036 at opening, the stock closed at ₹1,047. In the past six months, investors have received a return of 60.28% from the stock of this venerable Tata Group company. Its cost on November 13, 2023, was ₹653. 104.65% is the increase in the share when compared to the one-year return.
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