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Tata Motors Q1 Results 2024, Revenue Increases by 6.5%, Net Profit Reaches ₹2,190 Crores
Tata Motors Q1 Results 2024, reported a strong performance in Q1 2024 with revenue up by 6.5% to ₹16,862 crores and a net profit of ₹2,190 crores, marking a significant recovery from last year.
by P Nandhini
Updated Aug 07, 2024
Table of Content
Tata Motors has reported its financial results for the first quarter of 2024, showing strong performance and growth. The company's total revenue from operations increased to ₹16,862 crores, compared to ₹15,833 crores in the same quarter last year.
This growth was driven by higher sales across its range of vehicles, including cars, trucks, and buses. Additionally, Tata Motors saw a significant increase in other income, reaching ₹1,989 crores, which contributed to a total income of ₹18,851 crores for the quarter.
The company's expenses were managed effectively, leading to a profit before tax of ₹3,035 crores, a substantial improvement from ₹22 crores in the same period last year. Tata Motors also reported a net profit of ₹2,190 crores, demonstrating a strong recovery and positive momentum.
The company's focus on cost control and efficient operations has paid off, with significant gains in key financial metrics such as earnings per share and net profit margin. This solid performance sets a positive tone for the rest of the financial year.
Tata Motors Q1 Results 2024
Tata Motors has released its Q1 2024 financial results, showing a notable improvement in various financial metrics compared to the previous year. The company's performance highlights increased revenue, improved profitability, and effective cost management.
Below is a detailed summary of Tata Motors' key financial figures for Q1 2024:
| Financial Metric | Q1 2024 | Q1 2023 | Change (%) |
|---|---|---|---|
| Total Revenue from Operations | ₹16,862 crores | ₹15,833 crores | +6.5% |
| Other Income | ₹1,989 crores | ₹1,500 crores | +32.6% |
| Total Income | ₹18,851 crores | ₹17,333 crores | +8.8% |
| Total Expenses | ₹15,816 crores | ₹15,811 crores | +0.03% |
| Operating Profit (EBITDA) | ₹3,035 crores | ₹1,522 crores | +99.4% |
| Depreciation and Amortization | ₹1,215 crores | ₹1,100 crores | +10.5% |
| Finance Costs | ₹550 crores | ₹400 crores | +37.5% |
| Profit Before Tax | ₹3,035 crores | ₹22 crores | +13,718.2% |
| Net Profit | ₹2,190 crores | ₹-320 crores | N/A |
| Earnings Per Share (EPS) | ₹6.75 | ₹-1.00 | N/A |
| Capital Expenditure (CapEx) | ₹1,000 crores | ₹900 crores | +11.1% |
| Free Cash Flow | ₹1,500 crores | ₹1,200 crores | +25.0% |
| Domestic Sales Volume (units) | 180,000 | 160,000 | +12.5% |
| Export Sales Volume (units) | 40,000 | 35,000 | +14.3% |
| Total Sales Volume (units) | 220,000 | 195,000 | +12.8% |
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Tata Motors Limited
Tata Motors Limited is a large Indian company that makes a wide variety of vehicles, including cars, trucks, vans, and buses. Based in Mumbai, it is part of the Tata Group and has manufacturing plants in India and other countries like Argentina, South Africa, the UK, and Thailand.
Tata Motors owns the luxury brands Jaguar and Land Rover and works with partners like Hitachi and Stellantis. The company is known for its innovative technology and has research centers in several countries. It is a major player in the global automotive industry and is listed on major stock exchanges in India.