Tata Motors Dividend 2024 Record Date: Key Information for Shareholders

Tata Motors 

Tata Motors is a big company that makes vehicles like cars, trucks, and buses. It's part of the Tata Group, which is one of the largest multi-industry businesses in India. 

Tata Motors makes different kinds of vehicles for people to buy and use for transportation. They sell their vehicles in many countries around the world.

Tata Motors Dividend 2024 Record Date

• Tata Motors has announced a final dividend for the financial year ending March 31, 2024.
• The record date is set to determine which shareholders are eligible to receive the dividend for the financial year ending March 31, 2024.
• The record date is fixed for Tuesday, June 11, 2024.
• Shareholders who hold Tata Motors shares on June 11, 2024, will be eligible to receive the dividend.
• The proposed dividend is subject to approval by the shareholders at the Annual General Meeting (AGM).
• The AGM is scheduled for June 24, 2024.
• If approved, the dividend will be paid on or before June 28, 2024, after deducting tax at source.

Tata Motors Dividend Recommendations 2024 

On May 10, 2024, Tata Motors' Board of Directors recommended a final dividend.

Ordinary Shares:

Recommended a final dividend of ₹6 per share.

Face value of each share: ₹2.

Breakdown: ₹3 as a normal dividend and ₹3 as a special dividend.

'A' Ordinary Shares:

Recommended a final dividend of ₹6.20 per share.

Face value of each share: ₹2.

Breakdown: ₹3.10 as a normal dividend and ₹3.10 as a special dividend.

Tata Motors Dividend History

Tata Motors Q4 Results

Profit Increase:

• Tata Motors reported a net profit of ₹17,407.18 crore for Q4 ending March 31, 2024.
• This is over three times higher than the profit of ₹5,407.79 crore in the same period last year.
• Sequentially, the profit increased by 49% from ₹11,666.07 crore in Q3.

Revenue Growth:

• Revenue from operations was ₹1.19 trillion, a 13.5% increase from ₹1.05 trillion year-on-year.
• Sequentially, revenue grew by 8.6% from ₹1.10 trillion in Q3.

Dividend Announcement:

• The board recommended a final dividend of ₹6 per ordinary share of ₹2 each (₹3 normal dividend and ₹3 special dividend).

Domestic Dispatches:

• In April, Tata Motors' domestic dispatches increased by 12%, totaling 76,399 units compared to 68,514 units in April 2023.
• Tata Motors' net profit for the entire FY24 was ₹37,764.33 crore, up from ₹479.20 crore in FY23.
• Revenue for FY24 was ₹4.35 trillion, a 27% increase from ₹3.43 trillion in FY23.

Financial Position:

• P. B. Balaji, the group CFO, stated that Tata Motors achieved its highest-ever revenues, profits, and free cash flows in FY24.
• The India business is debt-free, and they aim to be net automotive debt-free on a consolidated basis by FY25.

Stock Performance:

• Tata Motors shares closed at ₹1,046.85 on Friday, up 1.62% from the previous close.

Tata Motors Share Price

Tata Motors sells cars and trucks. One share of Tata Motors costs 929.35 INR today. That's the price if you want to buy one share. 

Yesterday, the price was a bit higher, but today it dropped by 14.25 INR. This means the value of Tata Motors shares went down by about 1.51% from yesterday.