3-fold jump in TaMo’s Q4 net

Tata Motors Group delivered its highest-ever revenues, profits, and free cash flows. The company’s British arm Jaguar Land Rover had another record-breaking quarter in Q4 FY24 - PB Balaji, CFO, Tata Motors

New Delhi: Tata Motors on Friday reported over three-fold jump in consolidated net profit at Rs17,528.59 crore in the fourth quarter ended March 31, 2024, riding with all its three auto businesses delivering a strong performance, specially the British arm Jaguar Land Rover (JLR).

The company had posted a consolidated net profit of Rs5,496.04 crore in the same quarter of the previous fiscal, Tata Motors said in a regulatory filing. Total consolidated revenue from operations stood at Rs1,19,986.31 crore, as compared to Rs1,05,932.35 crore in the year-ago period.

In Q4 FY24, Tata Motors said all three auto businesses delivered strong performance.