Tata Motors falls despite reporting over 3-fold jump in Q4 consolidated net profit

13 May 2024 Evaluate

Tata Motors is currently trading at Rs. 951.55, down by 95.30 points or 9.10% from its previous closing of Rs. 1046.85 on the BSE.

The scrip opened at Rs. 1010.30 and has touched a high and low of Rs. 1010.30 and Rs. 948.00 respectively. So far 2395922 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1065.60 on 05-Mar-2024 and a 52 week low of Rs. 504.75 on 19-May-2023.

Last one week high and low of the scrip stood at Rs. 1050.00 and Rs. 948.00 respectively. The current market cap of the company is Rs. 323283.47 crore.

The promoters holding in the company stood at 46.36%, while Institutions and Non-Institutions held 35.34% and 18.30% respectively.

Tata Motors has reported 21.11% fall in its net profit at Rs 2,126.40 crore for fourth quarter (Q4) and year ended March 31, 2024 as compared to Rs 2,695.56 crore for the same quarter in the previous year. However, total income of the company increased marginally to Rs 20,384.40 crore for Q4FY24 as compared Rs 20,384.06 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported over 3-fold jump in its net profit at Rs 17,528.59 crore for fourth quarter ended March 31, 2024 as compared to Rs 5,496.04 crore for the same quarter in the previous year. Total income of the company increased by 12.96% at Rs 1,21,446.15 crore for Q4FY24 as compared Rs 1,07,509.28 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported over 2-fold jump in net profit at Rs 7,902.08 crore as compared to Rs 2,728.13 crore for the previous year. Total income of the company increased by 11.83% at Rs 74,452.96 crore for year under review as compared to Rs 66,578.27 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported over 11-fold jump in its net profit at Rs 31,806.75 crore as compared to Rs 2,689.87 crore for the previous year. Total income of the company increased by 26.61% at Rs 4,43,877.69 crore for year under review as compared to Rs 3,50,600.15 crore for year ended March 31, 2023. 

Tata Motors Share Price

947.30 -10.70 (-1.12%)
28-May-2024 15:52 View Price Chart
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