Tata Motors Q4 Result
Tata Motors had a strong Q4, with revenue up by 13.3%. They reported increased profits and proposed dividends for shareholders. Their performance reflects growth and stability in the automotive industry.
by S Samayanka
Updated May 13, 2024
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Tata Motors
Tata Motors is a big car company from India. They make many kinds of vehicles, like cars, trucks, buses, and vans. The company started in 1945 and is part of the Tata Group. Tata Motors is known for making the first commercial vehicle in India with another company called Daimler-Benz AG.
They also make luxury cars because they own Jaguar Land Rover, which is a fancy car brand from the UK. They work in many countries and have factories in places like Argentina, South Africa, the UK, and Thailand.
They also think a lot about new ideas and ways to make cars better, especially electric cars. Tata Motors is a very important company that makes a lot of cars and earns a lot of money.
Tata Motors Q4 Result
|
Metric |
Jaguar Land Rover (£m, IFRS) |
Tata Commercial Vehicles (₹Cr, Ind AS) |
Tata Passenger Vehicles (₹Cr, Ind AS) |
|
Q4 FY24 Revenue |
7,860 (10.7% ↑) |
21,590 (1.6% ↑) |
14,431 (19.3% ↑) |
|
Q4 FY24 EBITDA |
16.3 (150 bps ↑) |
12.0 (190 bps ↑) |
7.3 (– bps) |
|
Q4 FY24 EBIT |
9.2 (270 bps ↑) |
9.6 (100 bps ↑) |
2.9 (150 bps ↑) |
|
Q4 FY24 PBT (bei) |
£ 293 mn |
₹280 Cr |
₹299 Cr |
|
Q4 FY24 PAT |
£ 1,132 mn |
₹326 Cr |
₹252 Cr |
Tata Motors Q4 Result Highlights
Tata Motors reported a strong performance for the fourth quarter of the financial year 2024.
- The revenue stood at ₹120.0K Cr, which is a 13.3% increase compared to the previous year. Overall revenue grew 13.3% year-on-year to ₹1,19,986.31 crore.
- EBITDA was reported at ₹17.9K Cr, marking a 26.6% increase year-over-year. EBITDA margins expanded slightly, but profit margins for the domestic business (Tata PV) remained flat.
- Profit Before Tax (PBT) reached ₹9.5K Cr, showing an increase of ₹4.4K Cr over the previous year.
- Profit After Tax (PAT) surged to ₹17.5K Cr, which is a significant rise of ₹12.0K Cr from the previous year.
- The net automotive debt was further reduced to ₹16.0K Cr.
- Net profit saw a significant jump of 222% to ₹17,407.18 crore compared to the same period last year.
- Tata Motors performed well, with an 11% YoY increase in revenue.
- Tata PV maintained a strong market share (13.9% for FY24), but margins showed little improvement.
- EV Leadership continued dominance in the Indian electric vehicle market with a 73.1% share.
- The Board of Directors suggested giving a final payment to shareholders. For each regular share, it's ₹3, and for each special share, it's ₹3.10. But, this suggestion needs the shareholders' approval.
Tata Motors Standalone Financial Results For The Quarter 2024
|
Particulars |
Quarter ended March 31, 2024 |
Year ended March 31, 2024 |
|
Revenue from operations (₹ Cr) |
20,108.72 |
72,745.92 |
|
Other operating revenue (₹ Cr) |
151.52 |
557.16 |
|
Total revenue from operations (₹ Cr) |
20,260.24 |
73,303.08 |
|
Other income (₹ Cr) |
124.16 |
1,149.88 |
|
Total Income (₹ Cr) |
20,384.40 |
74,452.96 |
|
Cost of materials consumed (₹ Cr) |
10,490.81 |
45,025.05 |
|
Purchases of products for sale (₹ Cr) |
2,182.12 |
7,764.19 |
|
Changes in inventories of finished goods, work-in-progress |
1,665.66 |
(600.44) |
|
Employee benefits expense (₹ Cr) |
1,047.27 |
4,308.15 |
|
Finance costs (₹ Cr) |
410.57 |
1,705.74 |
|
Foreign exchange loss (net) (₹ Cr) |
11.09 |
254.98 |
|
Depreciation and amortisation expense (₹ Cr) |
498.80 |
2,016.84 |
|
Product development/engineering expenses (₹ Cr) |
377.83 |
1,104.79 |
|
Other expenses (₹ Cr) |
2,373.29 |
8,960.98 |
|
Amount transferred to capital and other accounts (₹ Cr) |
(305.17) |
(1,129.73) |
|
Total expenses (₹ Cr) |
18,752.27 |
69,410.55 |
|
Profit before exceptional items and tax (₹ Cr) |
1,632.13 |
5,042.41 |
|
Exceptional Items (₹ Cr) |
86.53 |
(2,808.41) |
|
Profit before tax (₹ Cr) |
1,545.60 |
7,850.82 |
|
Tax expense/(credit) (net) (₹ Cr) |
(580.80) |
(51.26) |
|
Profit for the period/year (₹ Cr) |
2,126.40 |
7,902.08 |
|
Other comprehensive income/(loss) (₹ Cr) |
76.44 |
438.45 |
|
Total comprehensive income for the period/year (₹ Cr) |
2,202.84 |
8,340.53 |
|
Earnings per share (EPS) |
||
|
Basic EPS (₹) |
5.54 |
20.61 |
|
Diluted EPS (₹) |
5.53 |
20.60 |
Tata Motors Balance Sheet For The Year 2024
|
Assets |
March 31, 2024 (₹ in crores) |
|
I. Non-current assets |
|
|
(a) Property, plant, and equipment |
11,563.76 |
|
(b) Capital work-in-progress |
645.03 |
|
(c) Right of use assets |
426.50 |
|
(d) Other intangible assets |
2,353.79 |
|
(e) Intangible assets under development |
588.92 |
|
(f) Financial assets |
|
|
(i) Investments in subsidiaries, joint ventures and associates |
28,729.45 |
|
(ii) Other investments |
1,586.12 |
|
(iii) Loans |
101.89 |
|
(iv) Other financial assets |
1,830.34 |
|
(g) Deferred tax assets (net) |
1,558.65 |
|
(h) Non-current tax assets (net) |
1,008.32 |
|
(i) Other non-current assets |
483.30 |
|
Total Non-current assets |
50,876.07 |
|
II. Current assets |
|
|
(a) Inventories |
3,470.38 |
|
(b) Financial assets |
|
|
(i) Investments |
1,993.50 |
|
(ii) Trade receivables |
2,765.16 |
|
(iii) Cash and cash equivalents |
3,344.89 |
|
(iv) Bank balances other than (iii) above |
1,806.07 |
|
(v) Loans |
132.19 |
|
(vi) Other financial assets |
547.50 |
|
(c) Current tax assets (net) |
12.00 |
|
(d) Other current assets |
1,099.37 |
|
Total Current assets |
15,171.06 |
|
III. Assets classified as held-for-sale |
36.61 |
|
TOTAL ASSETS |
66,083.74 |
|
Liabilities |
March 31, 2024 (₹ in crores) |
|
I. Equity |
|
|
(a) Equity share capital |
766.50 |
|
(b) Other equity |
29,376.55 |
|
Total Equity |
30,143.05 |
|
II. Liabilities |
|
|
(1) Non-current liabilities |
|
|
(a) Financial liabilities |
|
|
(i) Borrowings |
5,235.67 |
|
(ii) Lease liabilities |
296.28 |
|
(iii) Other financial liabilities |
252.53 |
|
(b) Provisions |
1,936.92 |
|
(c) Deferred tax liabilities (net) |
49.78 |
|
(d) Other non-current liabilities |
843.35 |
|
Total Non-current liabilities |
8,614.53 |
|
(2) Current liabilities |
|
|
(a) Financial liabilities |
|
|
(i) Borrowings |
8,535.37 |
|
(ii) Lease liabilities |
123.32 |
|
(iii) Trade payables |
|
|
(a) Total outstanding dues of micro and small enterprises |
189.85 |
|
(b) Total outstanding dues of creditors other than micro and small enterprises |
8,636.61 |
|
(iv) Acceptances |
4,508.01 |
|
(v) Other financial liabilities |
1,146.25 |
|
(b) Provisions |
1,133.92 |
|
(c) Current tax liabilities (net) |
73.61 |
|
(d) Other current liabilities |
2,979.22 |
|
Total Current liabilities |
27,326.16 |
|
TOTAL EQUITY AND LIABILITIES |
66,083.74 |
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Tata Motors Q4 Result - FAQs
1. What were Tata Motors' total assets in March 2024?
Tata Motors' total assets in March 2024 were ₹66,083.74 crores.
2. What were Tata Motors' total liabilities in March 2024?
Tata Motors' total liabilities in March 2024 were ₹66,083.74 crores.
3. What is Tata Motors known for?
Tata Motors is known for making India's first commercial vehicle.
4. How did Tata Motors perform in Q4 FY24?
Tata Motors had a strong performance in Q4 FY24, with revenue increasing by 13.3%.
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