Tata Group Company Declares 35% YoY Surge In Revenue, Rs 2/Share Dividend

Large cap Tata Group company operating in Auto sector, Tata Motors Ltd on Friday declared its net profit at Rs 5407.8 crore for the fourth quarter of FY23 as against a net loss of Rs 1032 crore announced in Q4FY22. The auto giant for the quarter ended March 31, 2023 declared a 35% YoY surge in consolidated revenue to Rs 105,932 crore. Tata Motors Ltd also declared a final dividend of Rs 2 per equity share and Rs 2.1 per share for DVR shareholders. Check details below:

Tata Motors Declares Dividend: According to the BSE filing of the company, "We would like to inform that the Board of Directors at its Meeting held today has recommended declaration of final dividend of Rs 2 per Ordinary Share of Rs 2 each (@100%) and ₹2.10 per 'A' Ordinary Share of Rs 2 each (@105%) for the financial year ended March 31, 2023. The dividend, if declared at the AGM, shall be paid to the eligible shareholders from August 14, 2023 onwards."

Tata Motors Stock Performance & Return: The last trading price of Tata Motors is Rs 515.65 per share with intraday gain of 0.78%. The stock's 52-week high price is Rs 520.40 per share and 52-week low price is Rs 366.05 per share, respectively. It has a market capitalisation of Rs 1,71,269.24 crore. The stock jumped 21% in last 6-months, 38% in last 1-year, 58% in last 2-years, and 498% in last 3-years.

Tata Motors in its regulatory filing stated, "Pricing actions and a richer mix led to improved ASPs and higher revenue growth. Easing inflation, better mix, pricing actions, and favorable operating leverage resulted in strong improvements in margins and profits."

The leading automaker said it expects gradual progresses in chip supply to continue during the next fiscal year. Tata Motors is targeting to grow wholesales through the year and achieve EBIT margins of over 6% in FY24, despite supply challenges and macro risks.

About Tata Motors: Tata Motors Limited, a USD 35 billion organisation, is a leading automobile manufacturer with a portfolio that includes a wide range of cars, utility vehicles, trucks, buses and defence vehicles. Our marque can be found on and off-road in over 125 countries around the globe, according to its official website.