Tata Motors Q4 Results: Net profit jumps over 3-folds, JLR revenue up 11% YoY; 5 key highlights

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Tata Motors Q4 Results: Tata Motors on Friday reported over three-fold jump in consolidated net profit at ₹17,528.59 crore in the fourth quarter ended March 31, 2024, riding with all its three auto businesses delivering a strong performance, specially the British arm Jaguar Land Rover. The company had posted a consolidated net profit of ₹5,496.04 crore in the same quarter of the previous fiscal, Tata Motors said in a regulatory filing. Total consolidated revenue from operations stood at ₹1,19,986.31 crore, as compared to ₹1,05,932.35 crore in the year-ago period.

In Q4 FY24, Tata Motors said all three auto businesses delivered strong performance. The company's British arm Jaguar Land Rover had "another record-breaking quarter in Q4 FY24. Revenue for the quarter was 7.9 billion pounds, up 11 per cent versus Q4 FY23", Tata Motors said.

JLR's Profit After Tax (PAT) in Q4 was 1.4 billion pounds as against a profit of 259 million pounds in the same quarter a year ago, it added. The Board of Directors have recommended a final dividend of ₹3 per ordinary share and ₹3.10 per 'A' ordinary share and a special dividend of ₹3 per ordinary share and ₹3.10 per 'A' ordinary share subject to approval by the shareholders. For the fiscal ended March 31, 2024, consolidated net profit was at ₹31,806.75 crore as compared to ₹2,689.87 crore in the previous fiscal, the company said.

In FY24, total consolidated revenue from operations stood at ₹4,37,927.77 crore as compared to ₹3,45,966.97 crore in FY23. Tata Motors Group Chief Financial Officer, PB Balaji said in FY24 the 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