The integrated net profit of the country and the world’s leading automobile company Tata Motors in the fourth quarter of the financial year 2023-24 increased more than three times to Rs 17,528.59 crore. The company’s net profit in the fourth quarter (January-March) of financial year 2022-23 was Rs 5,496.04 crore. According to the news of the language, Tata Motors said in the information given to the stock market on Friday that the company’s operating income in the quarter under review stood at Rs 1,19,986.31 crore, whereas in the same quarter last year it was Rs 1,05,932.35 crore.
Recommendation to give special dividend
According to Tata Motors, all three automotive businesses delivered strong performance in the fourth quarter. The company’s British unit Jaguar Land Rover once again delivered a record performance in the fourth quarter of the financial year 2023-24. Revenue in the quarter stood at 7.9 billion pounds, which is 11 percent more than the fourth quarter of fiscal year 2022-23. The Board of Directors has recommended a final dividend of Rs 3 per ordinary share and Rs 3.10 per ‘A’ ordinary share and a special dividend of Rs 3 per ordinary share and Rs 3.10 per ‘A’ ordinary share, subject to the approval of the shareholders.
Consolidated net profit in the financial year
The company’s consolidated net profit for the financial year ending March 31, 2024 stood at Rs 31,806.75 crore, compared to Rs 2,689.87 crore in the previous financial year 2022-23. Integrated operating income increased to Rs 4,37,927.77 crore from Rs 3,45,966.97 crore in the previous financial year 2022-23. Passenger vehicles have also played a great role in the excellent results of Tata Motors. The company has sold its popular cars well. Shares of Tata Motors closed at Rs 1046.65 on Friday with a rise of 1.59 percent compared to Thursday. The company has been performing consistently well in recent times.
Latest Business News