Strong Q4 earnings with 222% increase in net profit, debt-free target in FY25

From Investing.com: 2024-05-12 23:54:04

Tata Motors reported a remarkable 222% increase in net profit, reaching INR 17,407.18 crore, driven by improved operating leverage and robust volume growth. Revenue rose by 13% to INR 1,19,986.31 crore. The company aims to be debt-free on a consolidated basis in FY25.

Jaguar Land Rover (JLR) continued its strong performance trend, with Q4 revenue up 11% year-on-year. FY24 revenue increased by 27%. Tata Motors anticipates slower domestic demand in H1 2024-2025 but is confident in delivering a robust overall performance in FY25.

Tata Motors board recommended a final dividend of INR 6 per Ordinary Share and INR 6.20 per ‘A’ Ordinary Share for FY24. The company saw an increase in total wholesales and domestic dispatches in April 2024. Investors are encouraged to consider this investment-grade stock with an intrinsic value of INR 1,215, showcasing a 22.4% upside potential from the current price of INR 989.7.



Read more at Investing.com: Should You Go Long on Tata Motors Post Q4 Earnings? By Investing.com