Tata Motors posted its earnings for the quarter ended March after the market closed on Friday.
What Happened: The auto giant’s net profit for the quarter came in at ₹17,529 crore, up multifold compared to the ₹5,407.8 crore posted in the same quarter last year. The number was miles ahead of street estimates of around ₹7,000 crore. However, the company had a deferred tax of ₹9,478.24 crore.
The Tata Group company's consolidated revenue from operations for the quarter stood at ₹1.19 lakh crore, up 13.3% from the ₹1.05 lakh crore posted a year ago. Revenue from Jaguar Land Rover (JLR) stood at ₹82,987 crore, up over 16% from the ₹71,463.07 crore revenue it brought in the March quarter of 2022.
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EBITDA for the quarter was at ₹17,900 crore. The company's EBITDA margin for the quarter stood at 14.9%. The company also announced a ₹3/ share dividend for the year ended March.
For the year ending March 2025, the company said that it is cautiously optimistic about domestic demand over the full year and expects H1 to be relatively weaker. The premium luxury segment demand is likely to remain resilient despite emerging concerns about overall demand. “Despite this, we are confident of delivering a strong performance in FY25,” the company added in a press release.
Price Action: Tata Motors’ share price was up 1.59% to close at ₹1,046.65 on Friday.
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