Tata Motors Results 2024 Live Updates: Net profit rises 46% YoY to ₹17,529 crore, declares dividend of ₹6 per share

Tata Motors Results 2024 Live: Shailesh Chandra, Managing Director TMPV and TPEM, said

Tata Motors Results 2024 Live: “Passenger vehicle sales in India set a record in FY24 with over 4.2 million units sold, driven by SUVs (50% of overall sales) and emission-friendly powertrains. Tata Motors recorded its third consecutive year of highest sales volumes with 6% growth in wholesales and 10% in retail sales over FY23. Our multi-powertrain approach and sharp focus on green technologies increased the penetration of CNG and electric vehicles to 29% in the overall portfolio. We sold 73.8K EVs during the year (up 48% vs FY23) and crossed milestone of 150,000 cumulative EV production. Overall, the business recorded its highest-ever turnover with annual volumes of 573.5K units, growing by 6.0% over FY23, and recorded highest ever profits of ₹1.4K crore.”

Tata Motors Results 2024 Live: Tata passenger vehicle outlook in FY25

Tata Motors Results 2024 Live: “We expect the demand for passenger cars to remain strong, although the high base effect, coupled with extraneous factors elections, heat wave, etc. may keep the growth rate moderate. We will continue to focus on retails and deliver market beating growth to sustain double digit EBITDA margins and positive free cash flowsfor PV business. We will continue to proactively drive EV penetration through new product launches and ecosystem development and improve profitability,” the company said.

Tata Motors Results 2024 Live: Tata passenger vehicle performance in FY24

Tata Motors Results 2024 Live: In Q4, PV volumes were at 155.6K units (+14.8% yoy) supported by new SUV facelifts and multiple power trains. Nexon continued to be the highest selling SUV in FY24 and along with the Punch was amongst top 5 models sold in India. Revenues in Q4 were up 19% yoy at ₹ 14.4K crore, while EBIT margins improved by 150 bps yoy to 2.9% owing to operating leverage on improved volumes and savings in commodity costs. In Q4, PV (ICE) business delivered double digit EBITDA margins and EV business was EBITDA positive (before R&D spends) at 1.1%. On full year basis, the PV business delivered 9% revenue growth and highest ever PBT (bei) at ₹ 1.4K crore (+ ₹ 0.7K crore yoy).

Tata Motors Results 2024 Live: Girish Wagh, Executive Director at Tata Motors Ltd, said

Tata Motors Results 2024 Live: “The Indian CV industry grew by a modest 2% in volumes during FY24, impacted by a high base effect of FY23, elections held across 5 states and the announcement of general elections. At Tata Motors, we strengthened our portfolio with the introduction of new passenger and cargo mobility solutions, stepped-up the thrust on digitalization, enriched customer engagement and experience with stronger partnering and made holistic progress on our sustainability agenda. Our sharp focus on profitable growth resulted in the CV business recording its highest-ever revenues of ₹78.8K Cr and profits of ₹6.1K Cr in FY24. Going forward, we will intensify our efforts to grow market share, profitably and consistently, in every business segment by delivering more value to customers with innovative products, smarter services and holistic mobility solutions.”

Tata Motors Results 2024 Live: Tata commercial vehicles outlook in FY25

Tata Motors Results 2024 Live: “With promising GDP growth outlook, incentives from government to improve productivity in both manufacturing and agriculture sectors, and continuing focus on infra, demand for CV’s is expected to improve from H2 FY25. We remain cautiously optimistic about domestic demand while keeping a close watch on geopolitical developments, interest rates, fuel prices and inflation. We will continue to deliver strong EBITDA performance and focus on net cash will continue,” the company said

Tata Motors Results 2024 Live:  Highlights from Tata commercial vehicles performance in FY24

Tata Motors Results 2024 Live: Here are the key highlights from Tata commercial vehicles’s performance in FY24 –

• Q4 FY24 revenue at ₹ 21.6K crore (+1.6%), EBITDA 12.0% (+190 bps), EBIT 9.6% (+100 bps), PBT (bei) ₹ 2.0K crore.
• FY24 revenue at ₹ 78.8K crore (+11.3%), EBITDA 10.8% (+340 bps), EBIT 8.2% (+300 bps), PBT (bei) ₹ 6.1K crore.
• Domestic Vahan market share at 39.1% in FY24. HGV+HMV 48.8%, MGV 37.5%, LGV 34.3%, Passenger 35.0%. Truck market share continues to remain strong; SCV market share starting to improve.
• Over 140 products and 700 variants introduced in FY24. BS VI Phase 2 vehicle portfolio equipped with smarter technologies to deliver even better performance and value.
• Introduced technologically advanced, highly fuel efficient and reliable Turbotronn 2.0 engine, for 19-42 tonne range.
• Launched all-new Intra V70 pickup, Intra V20 Gold pickup and Ace HT. Introduced Tata Magic bi-fuel.
• Fleet edge, the connected vehicle platform has now more than 600K vehicles.

Tata Motors Results 2024 Live: Tata commercial vehicles performance in FY24

Tata Motors Results 2024 Live: In Q4 FY24, domestic wholesale CV volumes were 104.6K units, lower 7% yoy on account of increased pre-buy in Q4 FY23 due to BS6 Phase II transition. Exports were at 4.5K units increasing 13% yoy. However, revenues improved by 1.6% yoy to ₹21.6K crore on account of improved pricing and lower VME’s. EBITDA and EBIT margins of 12.0% (up 190 bps yoy) and 9.6% (up 100 bps yoy), respectively were delivered. For the full year, while overall volumes declined by 4%, HCV volumes increased by 5%.

Tata Motors Results 2024 Live: Adrian Mardell, JLR Chief Executive Officer, said

Tata Motors Results 2024 Live: “This has been a year of great strategic progress at JLR and I would like to thank our clients, our people, our suppliers and partners for their role in our success. We have delivered a record financial performance for the company, generating free cashflow of £2.3 billion, enabling us to reduce net debt to £0.7 billion. The foundation of this performance was the sustained global demand for our modern luxury vehicles, led by our Range Rover and Defender brands, underpinned by a consistent focus on operational improvement. We are entering the next exciting phase of our Reimagine strategy which will see us bring to life our modern luxury electric vehicles and deliver an accompanying modern luxury experience for our clients, ensuring we continue to vigorously address the challenges we have encountered in 2024.”

Tata Motors Results 2024 Live: JLR outlook for FY25

Tata Motors Results 2024 Live: The company said, “ We will continue to focus on brand activation to maintain order book. We expect EBIT margins in FY25 to be around the FY24 level. We anticipate a modest increase in investment spend to £3.5b but still expect to become net debt zero during FY25.”

Tata Motors Results 2024 Live: Highlights from JLR’s performance in Q4 FY24

Tata Motors Results 2024 Live: Here the key highlights from JLR’s Q4 performance –

• Record Q4 and FY24 revenue of £7.9 billion and £29.0 billion respectively.
• PBT (bei) was £661 million in Q4; FY24 full year PBT (bei) was £2.2 billion, the highest since FY15.
• EBIT margin in Q4 of 9.2%, FY24 EBIT margin of 8.5%.
• Free cashflow was £892 million for Q4 and a record £2.3 billion for FY24. Net debt reduced to £0.7 billion.
• Order book around 133,000 vehicles at end of FY24, 76% of which were for RR, RR Sport and Defender.

Tata Motors Results 2024 Live: JLR continues to report strong performance

Tata Motors Results 2024 Live: Tata Motors’ Jaguar Land Rover (JLR) unit maintained its robust financial performance throughout the financial year, achieving another record-breaking quarter in Q4 FY24.

The quarter saw revenue totaling £7.9 billion, marking an 11 percent increase compared to Q4 FY23 and a 6 percent rise compared to Q3 FY24. For the entire fiscal year 2023-24, revenues reached an all-time high of £29.0 billion, marking a significant 27 percent increase over the previous year and demonstrating JLR’s sustained growth trajectory.

Tata Motors Results 2024 Live: PB Balaji, Group Chief Financial Officer, Tata Motors, said

Tata Motors Results 2024 Live: “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.”

Tata Motors Results 2024 Live: Tata Motors performance in the operations front in Q4 FY24

Tata Motors Results 2024 Live: In the fourth quarter of fiscal year 2023-24, TML showcased a robust performance, recording a revenue of ₹120.0K crore, marking a notable increase of 13.3% compared to the same period last year. Additionally, the company’s EBITDA surged by 26.6% to reach ₹17.9K crore, while the EBIT amounted to ₹11.0K crore, representing a significant increase of ₹3.8K crore. Notably, all three automotive businesses within TML demonstrated strong performances during this period. 

Tata Motors Results 2024 Live: Operating performance in FY24

Tata Motors Results 2024 Live: Tata Motors achieved remarkable financial milestones, with record revenues reaching ₹437.9K crore, marking a significant achievement in the company’s history. Accompanying this impressive revenue figure was an all-time high EBITDA of ₹62.8K crore, underscoring the company’s operational excellence and efficiency. Moreover, TML witnessed its highest ever Profit Before Tax (PBT) at ₹28.9K crore, reflecting a substantial increase of ₹27.1K crore compared to the previous year. This remarkable performance translated into a net profit of ₹31.8K crore, which soared by ₹29.1K crore over the preceding year, showcasing exceptional growth and profitability.

Tata Motors Results 2024 Live: Tata Motors declares dividend of ₹6 per share

Tata Motors Results 2024 Live: The Board of Directors have recommended a final dividend of ₹ 3/- per Ordinary Share and ₹3.10 per Ordinary Share and special dividend of ₹ 3/- per Ordinary Share and ₹3.10 per Ordinary Share subject to approval by the shareholders.

Tata Motors Results 2024 Live: Net profit of ₹17,529 crore, revenue at ₹120.0K Cr

Tata Motors Results 2024 Live: Tata Motors posted a 46 per cent increase in its net profit of ₹17,529 crore for the quarter ended on March 31, 2024. The consolidated revenue grew 13.3% to ₹120.0K crore.

Tata Motors Results 2024 Live: Tata Motors’ last quarter (Q3 FY24) performance

Tata Motors Results 2024 Live: Tata Motors Ltd unveiled its quarterly financial results for December, unveiling a significant increase in consolidated net profit, which surged 2.4 times year-on-year (YoY) to ₹7,025 crore. Consolidated revenue from operations also climbed by 25% YoY to ₹1.11 lakh crore. In sequential terms, the net profit soared by 87%, while the revenue grew by nearly 6%.

Tata Motors Results 2024 Live: JM Financials sees over 136% rise in PAT from JLR

Tata Motors Results 2024 Live: Brokerage firm JM Financial expects the Profit After Tax (PAT) from Jaguar Land Rover (JLR) to increase to ₹565 crore, marking a significant rise of 136.4% compared to the same period last year.

Tata Motors Results 2024 Live: Jaguar Land Rover expected to report healthy growth trend

Tata Motors Results 2024 Live: Jaguar Land Rover (JLR) volumes are anticipated to maintain their robust performance. Kotak analysts project a sequential increase of 8% in JLR volumes (excluding China JV), driven by a robust order book. Analysts at Motilal Oswal Financial Services foresee a 17% year-on-year growth in JLR volumes.

Tata Motors Results 2024 Live: Tata Motors shares closed 1.62% higher ahead of Q4 results

Tata Motors Results 2024 Live: The share price of Tata Motors ended the Friday’s trading session in green, closed 1.62 per cent higher at ₹1,047 per share ahead of its Q4 results announcement.

Tata Motors Results 2024 Updates: Motilal Oswal expects commercial vehicle (CV) growth to moderate

Tata Motors Results 2024 Updates: Analysts from Motilal Oswal Financial Services anticipate a slowdown in commercial vehicle (CV) growth up until the first half of FY25, primarily attributed to reduced industrial activity preceding elections. However, they forecast a resurgence in demand during the second half of FY25. Projections suggest a compound annual growth rate (CAGR) of 7% for commercial vehicles spanning FY24 to FY26.

Tata Motors Results 2024 Updates: Sales volume to remain a mixed bag

Tata Motors Results 2024 Updates: It is anticipated that domestic passenger vehicle sales have maintained robust growth, surging by 14.7% year-on-year and 12.4% sequentially to reach 155,651 units in the quarter ending March 2024.

Tata Motors Results 2024 Updates: EBITDA margin to also improve

Tata Motors Results 2024 Updates: On the operations front, brokerages anticipate a sequential improvement of 170 basis points in the overall EBITDA margin to 13.1% for the fourth quarter of FY24. This enhancement is expected to be propelled by the advantages of operating leverage and favorable commodity trends.

Tata Motors Results 2024 Updates: Business revenue likely to rise 8%

Tata Motors Results 2024 Updates: In the quarter ending March 2024, analysts at Kotak Institutional Equities anticipate an 8% year-on-year growth in standalone business revenues. This growth is primarily driven by a 15% year-on-year rise in average selling price, attributed to a more diverse product mix and price adjustments implemented over the previous year.

Tata Motors Results 2024 Updates: Tata Motors to declare Q4 earnings today

Tata Motors Results 2024 Updates: Tata Motors is all set to announce its financial results for the quarter ended on March 31, 2024 today, May 10, 2024.