- By Aditya Pratap Singh
- Mon, 13 May 2024 10:39 AM (IST)
- Source:JND
Tata Motors Shares: Tata Motors' quarterly results were released last week. As soon as the market opened today, there was a significant decline in the company's shares as it fell by over 8 percent on Monday morning. The company's net profit for the March quarter was Rs 17,528.59 crore. There has been a three-fold increase in the company's net profit on an annual basis.
Tata Motors shares opened at Rs 1010.30 on the BSE in the morning. However, it fell to Rs 955.40 with a decline of 8.67 percent. Meanwhile, a significant decline has also been recorded in the shares of Tata Motors Limited 'DVR'. It fell by more than 8.68 percent to an intra-day low of Rs 645.55. The Market experts were expecting better results than this.
Tata Motors Q4 Result
Tata Motors' consolidated revenue in the fourth quarter of FY 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 the financial year 2022-23 was Rs 5,496.04 crore. Tata Motors said in its information to the stock market on Friday that the company's operating revenue 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.
The company's consolidated net profit stood at Rs 31,806.75 crore in the financial year ended March 31, 2024, while Rs 2,689.87 crore in the previous financial year 2022-23. Consolidated revenue increased to Rs 4,37,927.77 crore, Rs 3,45,966.97 crore in the last financial year 2022-23.
Tata Motors announced dividend
The Board of Directors, upon the approval of the shareholders, has recommended an interim 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.