Tata Motors Ltd.(TML) announced its results for quarter ended march 31, 2024. Revenue at Rs.120.0K Cr (+13.3%), EBITDA at Rs.17.9K Cr (+26.6%), PBT (bei) at Rs.9.5K Cr (+4.4K Cr), PAT at Rs.17.5K(+12K Cr) Cr, and free cash flows from automotive sources were Rs.14.1K Cr (+2.8K Cr) compared to PY. JLR revenue raise by 10.7% to £7.9b, with EBITDA at 16.3% and EBIT at 9.2%. Tata CV revenue increased by 1.6% to Rs.21.6K Cr, with EBITDA at 12.0% and EBIT at 9.6%, respectively.
Tata PV Revenue up 19.3% Rs.14.4K Cr, , EBITDA at 7.3% (flat yoy), EBIT at 2.9% (+150 bps). TML reported record revenues of Rs. 437.9K Cr For FY24, an all-time high EBITDA at Rs. 62.8K Cr, highest ever PBT (bei) of Rs.28.9K Cr (+Rs.27.1K Cr over the previous year) and net profit of Rs.31.8K Cr (+Rs.29.1K Cr over the previous year).
The strong performance has also helped to recognize a Deferred Tax Asset ofRs.8.3K Cr at JLR and TML. In Q4 FY24, TML delivered a strong performance with revenueofRs.120.0K Cr (up 13.3%), EBITDA at Rs.17.9K Cr(up 26.6%) and EBIT of Rs.11.0KCr (+Rs.3.8KCr) with all three auto businesses delivering a strong performance. PBT (bei) stood at Rs.9.5K Cr (+Rs.4.4KCr)and net profit wasRs.17.5KCr (+Rs.12.0K Cr). Net automotive debt reduced further to Rs.16.0KCr. PB Balaji, Group Chief Financial Officer, Tata Motors said, “The businesses are executing well on their distinct strategies and therefore, we are confident of sustaining this strong performance in the coming years.”
