Tata Motors Ltd. (TML) has released its results for the quarter ending March 31, 2024. The company reported a rise in revenue of 120.0K Cr (+13.3%), an increase in EBITDA of 17.9K Cr (+26.6%), a rise in PBT (bei)Rs.9.5K Cr (+4.4K Cr), PAT of 17.5K Cr, and increased Automotive Free Cash Flows 14.1K Cr (+2.8K Cr)vs PY). JLR revenue increased 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 in FY24, an all-time high EBITDA of Rs. 62.8K Cr, the highest ever PBT (bei) of Rs. 28.9K Cr, and a net profit of Rs.31.8K Cr. The company’s exceptional performance has resulted in the recognition of a Deferred Tax Asset of Rs.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.”
