Tata Motors: Tata Motors posts consolidated net profit at Rs 5,408 crore in Q4


NEW DELHI: Homemade automobile significant Tata Motors on Friday reported a consolidated net profit of Rs.5,408 crore for the fourth quarter ended March 31, 2023.
The company had posted a consolidated net loss of Rs.1,033 crore in the January-March quarter of FY2021-22. Tata Motors said in a regulatory filing.
Total revenue from operations for the fourth quarter was Rs. 1,05,932 crore compared to Rs. 78,439 crore in the same period last year, it said.
On an individual basis, the automaker reported net profit of Rs. 2,696 crore for the period compared to Rs. 413 crore in the fourth quarter of 2022-22.
For the fiscal year ended 31 March 2023, the automotive group reported a consolidated net profit of Rs.2,414 crore compared to a net loss of Rs.11,441 crore in FY22.
Total consolidated sales for the period were Rs.3,45,967 crore versus Rs.2,78,454 crore in FY2021-22.
Shares of the company closed down 0.78 percent on the BSE at Rs 515.65 a share.

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